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In The News

Warren Buffett Was Right About the RV Business

Category: RV Sales
Source: Bloomberg Business
Publish Date: Wednesday, December 2, 2015
Summary: The industry is heading for one of its best years on record. Like most people who buy recreational vehicles, Warren Buffett made his decision quickly. He heard about Forest River in the summer of 20051 and bought the company just seven days later. Today, the purchase seems particularly sage. The Recreational Vehicle Industry Association projects that North American manufacturers will ship 369,100 machines this year at an average price of around $37,000, which would be a 52 percent boost in business from five years ago and make 2015 one of the industry's best years on record. With a dominant market share of close to 40 percent, Forest River is in pole position.

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