With rising interest rates and fuel prices, the last two years have been difficult for the RV industry. With the looming crisis in the sub-prime mortgage rate and possibility of tightening of underwriting by lenders, the RV industry could be impacted by the housing slump and souring consumer confidence, according to Bruce Hertzke, CEO of the larges U.S. motor home company, Winnebago Industries Inc.
Though the current slump is not over, Hertzke remains confident about the RV industry’s fundamentals over the longer term.
For the full story, see the Reuters article: Winnebago CEO: this summer crucial for RV industry.
