Evergreen RV to shut down this week

Guess things worked out for us. We were looking at an Evergreen just last week. The sales person kept trying to push us towards a class C. We called back a couple of days later and they said they didn't want to show us the 5er as they felt it wasn't a quality unit and that we should really come back and talk about buying the class C.

Went to another dealer (family run) and found the perfect 5er for us. Picking it up Saturday.

I love the way that article quotes statistics that seem to make Evergreen a thriving entity. Too bad they don't give any basis to those statistics. A One hundred percent increase in sales could be from one unit in 2014 to 2 units in 2015. And increasing their market penetration by 84 percent could easily mean they had .1 percent of the two axle towable market in 2014 and .184 percent of that market in 2015. Heck, if all they did was sell one unit in each year and the overall sales of that specific type of RV fell year over year they would have increased their market penetration. Other than the fact that they are going out of business, the article is full of nonsensical mumbo jumbo.

Dont forget that Evergreen is very diversified, sell read sold a large range of RVs. Not just high end stuff.

Something is really wrong with their business model if they are failing. Everything I read states that the market for RVs in general is booming. Cheap fuel, better employment numbers, etc.

Sad news, We owned a 2005 Pilgrim 290BHSS, It was a fantastic TT, It served us well for 10 years until we traded it in on our currently unit.

The market for high end units has a very limited audience. NuWa, Excel and Carriage all could not make it against the turn them out the door mid priced units. Chris

Agreed. Rv's are already a niche market, now you are limiting yourself to higher end units which limits your market even more.

The market for high end units has a very limited audience. NuWa, Excel and Carriage all could not make it against the turn them out the door mid priced units. Chris

If they can't turn a profit in the current RV seller's market, they'd never survive a recession. Better to quit now. Too bad, they looked nice, but whew the prices.

Winged One wrote:
That's a shame, in that they were the ones building the slide motorcycle hauler (Alpha Gold 3905SH). Some real innovation there.

I saw this and really wanted one. The price of it was 30K over our 55K budget, it just wasn't affordable. We decided to sell the Harley and as we travel, we can rent one when we feel the need to ride.

The statement in the article that said something to the effect of "This was a really good company but they couldn't make any money" is telling. No matter how good their products might have been, if the business wasn't profitable and had no real hopes of becoming profitable, it WASN'T a good business from the venture capitalist's perspective. That's why he pulled out - you don't throw good money after bad.

Rusty