According to Thor, RV sales in the quarter were $739,450,000, up 32% from $559,166,000 last year. RV sales in the third quarter of Thor’s 2011 fiscal year include Heartland RV, acquired September 16, 2010. RV sales in the nine months were $1,683,124,000, up 31% from $1,284,891,000 last year.
“Thor had solid sales performance in the third quarter,” says Peter B. Orthwein, Thor Chairman, CEO & President. “The RV market is well balanced today, with dealer inventories better aligned with current demand, a healthy backlog, an improving promotional environment, and better conditions in both wholesale and retail credit. However, we continue to feel pressure from escalating fuel prices and other commodity costs. Thor’s retail RV market share has grown in each of its reported segments, according to the latest Statistical Surveys retail sales results as of February, 2011.”