Motorhome Shipments Down 17 Percent Year over Year in August
Wholesale shipments of motorhomes were down 17% in August 2011 vs the prior year, and total RV shipments (which includes motorhomes + towables) were down 2%. Obviously, the motorhomes are a much bigger revenue/profit item for the manufacturers. It looks like we have seen a substitution effect into the inferior/cheaper RV good, due to consumer weakness.
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I would like to comment about the credit bubble of recent years. I would never invest in banks insurance companies consumer finance companies simply because their is really no way of determining the quality of the loans and investments in their portfolios.
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