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RVs, Fueled By Cheap Loans, Pick Up Steam

Category: RV Sales
Source: Bloomberg Businessweek
Publish Date: Tuesday, December 3, 2013
Summary: Detroit may be booming, but the biggest vehicle news of the week may be coming out of Louisville, Ky. That’s where the RV industry is circling those giant metal wagons for its annual show. This morning, as companies such as Thor Industries (THO) and Winnebago (WGO) prepare to show off their newest homes on wheels, the Recreational Vehicle Industry Association unveiled a bullish forecast. Thanks largely to cheap financing and an improving economy, RV sales are expected to top 316,300 this year, an 11 percent increase over 2012. The trade group expects a 6 percent gain next year.

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