Friday, June 16, 2006
Winnebago reports weaker sales and profits
Winnebago Industries of Forest City on Friday reported a drop in sales and profits for the third quarter, blaming reduced consumer confidence brought on by higher fuel prices and interest rates.
The company said it’s also seeing a shift in consumer demand toward smaller, lower-priced motor homes.
Demand for full-size Class A motorhomes has been weak, but the drop has been partially offset by higher demand for smaller Class C vehicles, Hertzke said. Class C motorhomes have a truck-like cab, while Class A vehicles have a bus-like look.
Class C sales have been driven in part by strong demand for diesel models, the Winnebago View and Itasca Navion, he added. Full Story...
The company said it’s also seeing a shift in consumer demand toward smaller, lower-priced motor homes.
Demand for full-size Class A motorhomes has been weak, but the drop has been partially offset by higher demand for smaller Class C vehicles, Hertzke said. Class C motorhomes have a truck-like cab, while Class A vehicles have a bus-like look.
Class C sales have been driven in part by strong demand for diesel models, the Winnebago View and Itasca Navion, he added. Full Story...
# posted by Steven Fletcher : 5:55 PM
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