Thor Industries, which owns many of the RV industry’s largest brands, saw impressive sales for the third quarter of its fiscal year.
RV sales for the three months ending April 30, 2010 totaled $558 million, up 79 percent from $312 million last year. Thor’s success has lasted for ninth months now as RV sales for the company totaled $1.28 billion through the first three quarters, up 65 percent from $777 million last year.
“The RV industry continues a strong wholesale re-stocking trend, as evidenced by Thor’s large order backlog,” says Peter B. Orthwein, Thor chairman, CEO & president. “Importantly, Thor’s recent internal retail sales results also demonstrate substantial improvement over last year, including the March and April periods. This bodes well for a better balance between retail demand and wholesale replenishment as we move forward,”