Friday, March 23, 2007

Higher gas prices not slowing down RV industry

The recreational vehicle industry has been reporting record sales for the past five years, despite rising costs at the pump. Insiders credit a growing number of baby boomers who want the gas-guzzling vehicles for retirement and younger families opting for vacations closer to home for offsetting any potential losses because of soaring fuel costs.

So far, the higher fuel prices seem to have had little, if any, impact on Americans who vacation with recreational vehicles, which include simple pop-up campers, travel trailers towed by pickup trucks or SUVs and motor homes.

Winnebago Industries Inc., one of the nation's leading motor-home manufacturers, reported a 2.2 percent decline in net income and a 3.6 percent drop in revenues in its most recent quarter, saying rising fuel prices for shaking consumer confidence. But Kevin Broom, a spokesman for the Recreational Vehicle Industry Association, noted that Winnebago makes only motor homes and that its earnings report was not a reflection of the whole RV industry.
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