High line Class A motorhome manufacturer SMC Corp. reported larger losses for the three and six months ended June 30.
The Bend, Ore.-based company lost $3.15 million during the April-through-June period, compared with a $149,000 loss during the same period a year-ago. During the first half of this year, SMC’s losses totaled $3.41 million, compared with $41,000 a year earlier.
Meanwhile, SMC’s sales declined 16% during the second quarter to $45.4 million and its sales were down 11% during the first half of this year to $98.5 million.
“Some short-term losses were to be expected during the company’s shift to build-to-order from build-to-forecast,” said Mike Jacque, president and COO.
SMC decided to shift to build-to-order during April, Jacque added.
“As evidence of our progress, last year at this time the company had about 165 past model spec units in stock available for sale to dealers, valued at approximately $23 million,” Jacque said. “This year, the company currently has eight units, valued at about $1 million.”
Second quarter retail sales of SMC units were up 4.3% and, due to the introduction of model year 2001 units, Jacque said, “Production levels are returning to normal levels.”