Health of Newell Coach Corp.?

[RayDF]

In the current climate, every RV company out there must be hurting. In this sense, I wonder: how is the health of Newell Coach Corp.? Would you say that it should survive the current crisis in the RV market?

Thanks!

Ray
Miami FL
2009 Fleetwood Pulse 24A
(and future Newell owner)

[tuga]

Ray,

I am really not qualified to report on the financial condition of Newell Coach. However, in the last news letter that I received from them, they discussed the current business climate.

From what I read, it sounds like Newell is very strong financially and is taking steps to adjust to current market conditions. Newell has a strong customer base (repeat buyers) in the used and new coach markets. That coupled with no dealers who can drag down prices because of weak individual financial status I believe that they will emerge from this recession unaffected.

[fulltiming]

Agree with Tuga. Newell should be able to withstand this economic meltdown.

From Newell News

Certainly the present situation presents challenges in the economy and the RV market. To meet these challenges and get a large part of what is a smaller-size total market, Newell is expanding its sales and service network. We are doing so in a manner uniquely tailored to the history of Newell's close relationships with its customers and the close relationships built up within the industry through the years.

In August, Newell opened a company owned and operated facility along Interstate 5 in Coburg (Eugene), Oregon........

Newell has affiliated with Holland Motor Homes, the nation's premier luxury motor home dealer. Holland's San Diego facility will provide sales and service support for Newell motorcoaches to Holland's customer base in California, Arizona, and Nevada. Holland Motor Homes in Holland, Michigan will offer Newell sales and service to Holland's customers in Illinois, Ohio, and Wisconsin......Holland will act as an agent of Newell rather than a dealer in the tradional sense.