Exceptionally strong growth in demand for diesel pusher chassis helped Spartan Motors Inc.’s first quarter net earnings to grow by 126%, the Charlotte, Mich.-based company announced today (April 25).
Spartan earned $3.3 million during the three months ended March 31, compared with $1.5 million earned during the first three months of 2001.
Spartan’s motorhome chassis sales grew nearly 39% during the first quarter and President and COO John Sztykiel said, “Since the RVIA show last fall, the RV business has been gaining momentum. The strength in motorhome orders over the past six months reflects the emerging strength of the industry, as well as the pent-up demand that was created by depleted dealer inventories.
“We are cautiously optimistic about the motorhome industry’s prospects and have stepped up our efforts to develop new features, new products and new tools to help dealers sell diesel motorhomes,” Sztykiel added.
Spartan’s motorhome chassis sales expanded during the first quarter because of increased production of Class A motorhomes in general, and because several of Spartan’s major motorhome-builder customers have gained market share, according to the company.
Spartan also builds fire truck chassis, fire trucks and emergency rescue vehicles. Demand for those products “was solid” in the first quarter, it reported.
The company’s total sales — both motorhome chassis and emergency vehicles — increased 14% in the first quarter to $66.7 million.
“Spartan intends to outpace growth in these (RV and emergency vehicles) markets by developing custom vehicles that offer the best ride and handling, as well as the most innovative features,” Sztykiel added.