Goshen News, Goshen, IN

Business

March 2, 2012

RV sales forecast improving

The analyst who creates economic forecasts for the recreational vehicle industry is predicting a good year for the industry.

Dr. Richard Curtin, director of surveys of consumers at the University of Michigan, reports in the Recreation Vehicle Industry Association newsletter “RV Roadsigns,” he expects RV shipments to grow by 5.1 percent this year. He said most of the growth will occur in the second half of the year.

“The overall increase will be driven by gains in conventional and fifth-wheel trailers. Importantly, motorhomes will post small gains in 2012 instead of the minor declines in 2011,” Curtain wrote.

He cited a stronger, growing economy, increasing employment and an easing of consumer credit standards as reasons for his estimate.

The motorhome segment of the RV industry was hit hardest by the recession, according to Curtain, because consumers often used home equity to finance the expensive motorhomes.

Curtain suggested motorhome manufacturers adjust the size and features of their products to meet the new market reality.

While Curtain is predicting growth, he cautioned RV managers, “The modest, halting gains expected must be accompanied by continued vigilance.”

1
Text Only
Business
  • RVIA will open office in Elkhart May 1 ELKHART — The Recreation Vehicle Industry Association will open its regional office in Elkhart May 1. The lobbying and marketing trade organization for the RV industry has its offices in Reston, Va. and the board of directors voted in March to open a

    April 24, 2014

  • BIZ GN140424 automakers china image Automakers scramble to woo young Chinese BEIJING -- At age 32, Jason Jia already is the kind of customer luxury automakers are seeking as competition grows in China's lucrative but crowded market. The energy industry consultant has traded up from a Volkswagen Polo to a VW GTI. Now, as he st

    April 24, 2014 1 Photo

  • BIZ GN0424 infuse salon Infuse Salon relocates in Middlebury MIDDLEBURY — Infuse Salon in Middlebury has been around since 2009, under new ownership since 2012 and recently launched a website that allows customers to book appointments online. So Monday’s ribbon-cutting ceremony at the salon’s location along U

    April 23, 2014 1 Photo

  • Seed corn company expanding Howe facility HOWE — An agriculture company will invest $4 million to expand its local facility. Acccording to the LaGrange County Economic Development Corp., Gro Alliance will add a warehouse and six new corn dryers to its seed corn operation near Howe. Additiona

    April 22, 2014

  • BIZ GN0423 economy image Spring lifts U.S. economy WASHINGTON — Spring's thaw is reviving the economy, too. A recent batch of government and business reports show a U.S. economy emerging from winter's deep freeze. Economists had expected the growth to accelerate in 2014 after two years of slow and

    April 22, 2014 1 Photo

  • NWS GN140421 jobless rate Elkhart County jobless rate drops to 5.8 percent

    Elkhart County’s jobless rate dropped below 6 percent last month, according to figures released today by the Indiana Department of Workforce Development.
    The March unemployment rate for the county was estimated at 5.8 percent, compared to the February estimate of 6.2 percent and the March 2013 figure of 8.3 percent.

    April 21, 2014 1 Photo

  • BIZ GN0421 digital life review image Windows Phone advances with 8.1 update NEW YORK -- Microsoft's new Windows system for smartphones addresses many of the shortcomings in previous versions. Before, voice search lacked the natural language interactions of Apple's Siri and Google Now. The updated Windows Phone system has Cor

    April 21, 2014 1 Photo

  • BIZ GN140421 small business image Mentors help minority companies NEW YORK -- Mel Gravely says his construction company might not exist today if he didn't have mentors to guide it. Gravely's company, TriVersity, joined a program called a minority business accelerator even before he bought a controlling interest in

    April 21, 2014 1 Photo

  • BIZ GN0420 car talk image Beetle marks 65th year since entry into U.S. Sixty-five years after the first Volkswagen Beetle arrived in the United States as a distinctively shaped, little car, the Beetle keeps attracting buyers with its more-spacious-than-ever, flexible interior, turbo engine power and modernized iconic lo

    April 20, 2014 1 Photo

  • BIZ GN0420 tech talk image Mistakes businesses make with their home page Mistakes businesses make with their home page

    April 20, 2014 1 Photo

Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
AP Video
Poll

There has been discussion at West Goshen Elementary School to require mandatory student uniforms in the future. How do you feel about the prospect of mandatory student uniforms in a public school environment?

I think it’s an excellent idea that is way overdue
I think it’s a bad idea and would be restrictive for students and parents.
     View Results