Camping and RV News and Press Releases
Want to stay up to date on the latest press releases and business news in the camping and RV industry? Scroll below to view all camping/RV industry business news.-
June 6, 2023
Thor Industries’ Revenues Drop 37 Percent In Fiscal Third Quarter
Thor Industries, Inc. reported earnings fell 65.3 percent in the fiscal third quarter ended April 30 on a 37.1 percent revenue decline against pandemic-boosted results in the year-ago quarter. The maker of RVs slightly raised its outlook for the year on a better-than-expected performance. SGB Media
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June 5, 2023
Camping World Holdings To Acquire RV Center Outside Seattle
Camping World Holdings, Inc. plans to acquire Roy Robinson RV Center in the greater Seattle, WA market. The acquisition will reportedly close in the third quarter of 2023, increasing Camping World’s Washington location count to seven. SGB Media
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June 5, 2023
How RVs and #vanlife Became Really Expensive
After two years when it seemed everyone hit the road to live their best #vanlife or explore the outdoors in a larger motor home, some of the air is rushing out of the recreational-vehicle boom.Buyers are balking at soaring prices, forcing U.S. RV manufacturers to temporarily shutter production and dealers...
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June 1, 2023
Outdoorsy Hits 1M Trip Milestone
RV rental marketplace Outdoorsy has surpassed 1 million trips – or 7 million booked travel days – since the company was founded in 2015. The milestone comes on the heels of being recognized as one of Fast Company’s “Most Innovative Companies in Travel and Hospitality” for 2023. RV-Pro
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May 27, 2023
Living and working from an all-electric VW ID Buzz
Like most people, I’m intrigued by the idea of electric cars but not yet convinced it’s time to make the leap. I can name every Tesla model, a few pickups from Ford and Rivian, and that’s about it. But when Volkswagen announced the production model of the all-electric ID Buzz,...
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May 26, 2023
Is an RV Downturn the Same Recession Signal as Before?
Right now, times are tough in the RV business. The biggest manufacturer, Thor Industries of Elkhart, Indiana, announced this week that its net sales for the quarter ended Jan. 31 were down 39% from the same period a year earlier. Earnings per share were down 90%, and the company downgraded...
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May 25, 2023
Report: OEM’s Shipments Down 52% YOY Through April
One third of the way through 2023, RV shipments totaled 109,816 units, down 52% compared with the same period a year ago. According to data collected by the RV Industry Association, in April OEMs reported 31,216 units shipped, a 45.4% drop from the 57,192 shipped last April. RV Pro
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May 24, 2023
Camping World Reviews Use of Capital as it Eyes Deals
Camping World Holdings Chief Executive Marcus Lemonis said the company is reviewing its capital-allocation strategy as the RV dealership acquisition landscape looks attractive. Lemonis said the retailer of recreational vehicles is committed to maintaining a competitive dividend. The company on Wednesday maintained its quarterly dividend of 62.5 cents a share,...
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May 23, 2023
44 Million Americans Plan To Go RVing This Summer
A recent survey of America’s leisure travelers found that 44 million Americans are planning on going RVing this summer, including 12 million who plan to go RVing this Memorial Day weekend. Asked their reasons for considering RV travel, the respondents cited more flexible work schedules, a desire to travel more...
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May 23, 2023
KOA Buys Billings Location, West Yellowstone Properties
Kampgrounds of Americs Inc. (KOA) has purchased three KOA properties – Billings KOA Holiday in Billings, Mont., and Yellowstone Park/West Gate KOA Holiday and Yellowstone Park/Mountainside KOA Holiday located near West Yellowstone, Mont. Billings KOA Holiday, opened in June of 1962, holds the designation as the first KOA campground among...
