Revenue from reportable segments – Motor Homes and Towables – was up 6% Y/Y. Revenue from Motor Homes fell 4% on a 10% decline in deliveries and a 7% increase in average selling price (“ASP”). Management believes its wholesale sales pace exceeded that of the overall RV industry during the quarter – this implies the Motor Homes segment took market share away from competitors.
Towables revenue grew 13% as deliveries grew 8% and ASP grew 4%. Rising ASP in a declining sales environment was very positive. Read more:
