Thor Industries Now Has $14 Billion Order Backlog Amid Booming Demand For RVs
Thor Industries Now Has $14 Billion Order Backlog Amid Booming Demand For RVs About two months after we discussed recreational vehicles are "on pace for a blowout year " and "sales just hit an all-time high ," we got the latest confirmation from Thor Industries CEO Bob Martin. He spoke with Jim Cramer on " Mad Money " earlier this week about the manufacturer''s massive order backlog. Thor Industries Airstream, Heartland RV, Jayco, Livin Lite RV, and others first began to experience an uptick in sales after lockdowns ended in May and June 2020. Without a vaccine, people were too afraid to fly or stay in hotels or resorts, so they bought campers and traveled. The RV industry also saw a lot of first-time buyers, especially with the millennial generation. The RV boom has left many dealers with limited inventory or even empty lots. Thor''s backlog of orders is a whopping $14.32 billion as of late April, the company''s latest filing said. That''s up 32.5% from $10.81 billion at the end of January and up 550% from a year ago.
Thor Industries Now Has $14 Billion Order Backlog Amid Booming Demand For RVs
Thor Industries Now Has $14 Billion Order Backlog Amid Booming Demand For RVs About two months after we discussed recreational vehicles are "on pace for a blowout year " and "sales just hit an all-time high ," we got the latest confirmation from Thor Industries CEO Bob Martin. He spoke with Jim Cramer on " Mad Money " earlier this week about the manufacturer''s massive order backlog. Thor Industries Airstream, Heartland RV, Jayco, Livin Lite RV, and others first began to experience an uptick in sales after lockdowns ended in May and June 2020. Without a vaccine, people were too afraid to fly or stay in hotels or resorts, so they bought campers and traveled. The RV industry also saw a lot of first-time buyers, especially with the millennial generation. The RV boom has left many dealers with limited inventory or even empty lots. Thor''s backlog of orders is a whopping $14.32 billion as of late April, the company''s latest filing said. That''s up 32.5% from $10.81 billion at the end of January and up 550% from a year ago.