Forum Discussion
DownTheAvenue
Sep 22, 2018Explorer
Jim@HiTek wrote:
They have gotten tons of bad social media coverage by outraged consumers lately and over at least a year that I remember due to their shoddy workmanship.
Not surprised they are having sales problems.
Well said by someone who obviously does not understand business or the stock market. The whole RV industry, including Thor who is the biggest player, has been on a tear for the past several years. The industry cranked up production to meet demand, and now the demand may have retracted slightly leaving too much unsold inventory. The biggest demand in towables was entry level mostly bought by first time buyers. These products and buyers generate the most warranty claims which eat into profits. Couple that with dealers, who because of demand have resorted to hiring inept technicians, and unexpected tariffs on raw materials, and the result is what you see today in Elkhart.
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