Class A motorhome builder Rexhall Industries Inc. reported its first quarter sales revenue declined 10% and its net earnings were down 88%.
The company earned $119,000 on sales of $18.6 million during the first three months of this year.
In terms of wholesale deliveries, Rexhall’s were down 33% while the entire Class A market’s shipments were down 35% during the first quarter, according to Bill Rex, president and CEO.
“We are encouraged by the recent interest rate decreases and the gains the major stock market indices have made,” Rex said. “Hopefully, these will translate into stronger consumer confidence and spending.”