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Old 12-09-2018, 12:09 PM   #1
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Brand: Thor Motor Coach
Model: Vegas 24.1
State: Florida
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Interesting Article Re: Thor Company

https://seekingalpha.com/amp/article...ly-leader-sale

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Old 12-09-2018, 12:34 PM   #2
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Interesting, I read the following statement:
Quote:
Production capacity was increased just as demand weakens and inventory levels need to be cleaned up
as its a good time to buy an RV as deals and sales are coming.
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Old 12-09-2018, 01:16 PM   #3
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First quarter net income didn’t look great for Thor.

EHG Acquisition, Expansion Impact Thor 1Q | RV Business

Quote:
Thor Industries Inc. today (Dec. 6) announced a 23.1% decline in net sales during its first quarter while net income fell to $14 million, or 26 cents per diluted share, from $128.4 million, or $2.43 per share, in the prior year quarter.
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Old 12-09-2018, 03:04 PM   #4
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So, duz that mean ours are worth less on trade in on a new Motor home?
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Old 12-09-2018, 03:25 PM   #5
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Model: Tiffin Wayfarer 24 BW
State: New York
Posts: 22,195
THOR #8860
Most likely...
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Old 12-09-2018, 03:31 PM   #6
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Yes, less demand usually means pressure towards lowering prices. Dealers are already lowering prices to lower inventory, and used market will have to follow.




P.S. — Seems they are spending more on warranty work. Not sure if that’s good or bad.

https://ir.thorindustries.com/press-...9/default.aspx

Quote:
Net sales decreased 21.0% for the Towable segment, 23.9% for the Motorized segment and 21.3% overall. Overall gross profit margins declined to 11.8% in the quarter, compared to 14.9% in the prior-year period, reflecting the impact of higher overall sales promotions and increased costs primarily associated with warranty expenses.
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Old 12-09-2018, 04:09 PM   #7
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It is just my opinion, but ponying up the sheckels for the EHG bunch, and trying to merge an overseas operation, is going to ultimately sink Thor, or cause them to retrench big time in the not too distant future.
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Old 12-09-2018, 05:42 PM   #8
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Originally Posted by RVMichael View Post
I really enjoyed that Thor has a highly trained workforce.
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