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Winnebago Sales Jump Signals Us Recovery

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http://www.telegraph.co.uk/finance/economics/7835405/Winnebago-sales-jump-signals-US-recovery.html

The largest maker of motorhomes in the US is regarded as a bellwether for the world's largest economy - sales have fallen before each slowdown in the past three decades.

On Thursday Winnebago Industries posted stronger-than-expected quarterly results as a rise in vehicle shipments to dealers pushed sales up from $50.8m in the third quarter of 2009 to $134.8m this year, the company said in a statement.

In 2007 sales of Winnebagos fell for the first time in six years as consumers took fright at historically high petrol prices and and the housing slump.

Bob Olson, the president of Winnebago Industries, said: "We are extremely pleased to report our results for the third quarter of fiscal 2010 which show profitability at the operating level for the first time since our second quarter of 2008.”

He said the main driver was a 120pc increased in motor home shipments during the quarter.

Dr. Richard Curtin, the economist for the Recreation Vehicle Industry Association, has increased his forecast for the motor home market. He estimated that 22,600 motor homes will be shipped to dealers this year - a 71pc increase over 2009.

Great headline but the figures seem rather tiny allowing for big percentage swings.

However the other perspective is are people wanting homes with wheels on to go where the work is? Plus if you have a home that moves repossessing it could prove a bit difficult in a country the size of the US.

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http://www.telegraph.co.uk/finance/economics/7835405/Winnebago-sales-jump-signals-US-recovery.html

However the other perspective is are people wanting homes with wheels on to go where the work is? Plus if you have a home that moves repossessing it could prove a bit difficult in a country the size of the US.

The increased sale of gas guzzling Winnebagos is wholly and entirely due to the sudden availability of free petroleum products

on vast swathes of the southern US coastline.

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The increased sale of gas guzzling Winnebagos is wholly and entirely due to the sudden availability of free petroleum products

on vast swathes of the southern US coastline.

:lol::lol::lol:

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  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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