And so it goes, the cycle in Elkhart IN
Thor reports sales and earnings drop, plant extended seasonal plant closures.
Forum Discussion
SidecarFlip wrote:
All industries are cyclical. Maybe the saturation point has been reached.
Agreed.
There was a lot of pent up money waiting to be spent, which happened starting Jan 2017. Every industry I work with had trouble keeping up with demand last year.
The foolish ones thought it would last forever, they expanded and spent accordingly.
The smarter ones saw it for what it was, a quick release of a bunch of money, and they planned accordingly.
My real job is industrial sales. In 2017 my sales were up almost 30% over 2016. Thankfully I work for a GREAT company who asks us for realistic numbers, not an unrealistic sunshine and roses report. When I did my 2018 sales projections I said I'd be down 20% vs 2017. YTD I'm down 17%.
While things today are certainly better than they were, 2017 was an unusual spending event that was 8 years in the making.
