Wednesday, April 16, 2008

Economy puts RV sales in the slow lane

Winnebago Industries feels the pinch of high gas prices
OREST CITY, Iowa - The assembly line here at Winnebago Industries usually moves at just eight inches an hour. But as demand for these big vehicles has dropped recently, the pace of the line has slowed even more. Workers are churning out fewer motor homes, and some of them have been laid off.

Watch the news and you can see why consumers are holding back. Stock market gyrations, a major investment bank teetering and the Fed trying to come to the rescue by slashing interest rates.

Along the way, the American psyche has taken a hit. Confidence in the economy is plunging, and prospective buyers are clutching tightly to their cash and credit.
Full Story...
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