RVIA Shipments

RV *Investor*	RV STOCKS AND INDUSTRY NEWS

Guardado Advisors LLC

Made in the USA

RVIA Reports Wholesale Shipments for October

The Recreational Vehicle Industry Association reported wholesale shipments of 28,400 units in October, down 11.5% from the same period in 2006. Towables continue to show the most softness with YTD sales down 13.0% compared with 2006. Motorhomes were up 7.0% in October compared with 2006 and down 0.6% YTD.

In November 2006, the RVIA reported that U.S. recreational vehicle makers expect shipments to dealers to drop more than 11 percent to 341,900 in 2007 from an expected 385,500 units in 2006.


	2007 Q1			Q2			Q3			Q4			YTD	Mo.
RV Wholesale Units (K)	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total	Avg.
Motorized
Motorhome (Class A)	2.6	2.8	3.6	2.8	2.9	3.2	2.0	2.9	2.8	2.7			28.3	2.8
Van Conversion (Class B)	0.3	0.4	0.3	0.2	0.3	0.3	0.1	0.3	0.2	0.3			2.7	0.3
Mini-Motorhome (Class C)	1.3	1.4	1.9	1.9	2.0	2.2	1.5	1.7	1.5	1.6			17.0	1.7
Motorized Total	4.2	4.6	5.8	4.9	5.2	5.7	3.6	4.9	4.5	4.6			48.0	4.8
Towables
Travel Trailers	13.2	15.0	18.7	17.9	17.5	17.4	14.8	15.7	13.8	14.2			158.2	15.8
5th Wheels	6.6	7.2	8.5	7.5	7.1	7.7	5.9	7.1	6.4	6.9			70.9	7.1
Folding Camper	2.2	2.2	3.4	3.3	3.1	3.0	2.9	2.1	1.5	2.1			25.8	2.6
Truck Campers	0.6	0.7	0.7	0.7	0.7	0.7	0.7	0.6	0.6	0.6			6.6	0.7
Towables Total	22.6	25.1	31.3	29.4	28.4	28.8	24.3	25.5	22.3	23.8			261.5	26.2
RV Total Units	26.8	29.7	37.1	34.3	33.6	34.5	27.9	30.4	26.8	28.4			309.5	31.0

	Q1			Q2			Q3			Q4			YTD	Mo.
RV Wholesale Units (K)	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total	Avg.
Motorized	4.2	4.6	5.8	4.9	5.2	5.7	3.6	4.9	4.5	4.6			48.0	4.8
Towable	22.6	25.1	31.3	29.4	28.4	28.8	24.3	25.5	22.3	23.8			261.5	26.2
Total Units	26.8	29.7	37.1	34.3	33.6	34.5	27.9	30.4	26.8	28.4			309.5	31.0
Source: RVIA 2007


Δ% from Previous Year	2007 Q1			Q2			Q3			Q4			YTD	Mo.
RV Wholesale Units (K)	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total	Avg.
Motorized
Motorhome (Class A)	4.0%	12.0%	-2.7%	12.0%	3.6%	6.7%	-4.8%	3.6%	0.0%	0.0%			3.3%	4.8%
Van Conversion (Class B)	50.0%	100.0%	0.0%	-33.3%	50.0%	0.0%	-50.0%	50.0%	0.0%	50.0%			17.4%	15.7%
Mini-Motorhome (Class C)	-18.8%	-12.5%	-13.6%	-17.4%	-9.1%	15.8%	-11.8%	-15.0%	-11.8%	14.3%			-8.6%	-2.4%
Motorized Total	-2.3%	7.0%	-6.5%	-3.9%	0.0%	9.6%	-10.0%	-2.0%	-4.3%	7.0%			-0.6%	2.7%
Towables
Travel Trailers	-30.2%	-16.7%	-18.7%	-11.4%	-15.5%	-11.2%	-7.5%	-7.6%	-1.4%	-25.7%			-15.2%	-12.4%
5th Wheels	-13.2%	0.0%	-14.1%	-10.7%	-21.1%	-8.3%	-13.2%	-7.8%	0.0%	30.2%			-7.6%	-2.7%
Folding Camper	-33.3%	-18.5%	0.0%	-13.2%	-3.1%	-14.3%	-3.3%	-16.0%	-25.0%	-22.2%			-14.3%	-8.1%
Truck Campers	-14.3%	-12.5%	-22.2%	0.0%	-22.2%	0.0%	0.0%	0.0%	-14.3%	-14.3%			-10.8%	-9.0%
Towables Total	-25.9%	-12.5%	-15.9%	-11.2%	-16.0%	-10.6%	-8.3%	-8.3%	-3.5%	-14.4%			-13.0%	-9.5%
RV Total Units	-23.0%	-10.0%	-14.5%	-10.2%	-13.8%	-7.8%	-8.5%	-7.3%	-3.6%	-11.5%			-11.3%	-7.8%

	Q1			Q2			Q3			Q4			YTD	Mo.
RV Wholesale Units (K)	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total	Avg.
Motorized	-2.3%	7.0%	-6.5%	-3.9%	0.0%	9.6%	-10.0%	-2.0%	-4.3%	7.0%			-0.6%	2.7%
Towable	-25.9%	-12.5%	-15.9%	-11.2%	-16.0%	-10.6%	-8.3%	-8.3%	-3.5%	-14.4%			-13.0%	-9.5%
Total Units	-23.0%	-10.0%	-14.5%	-10.2%	-13.8%	-7.8%	-8.5%	-7.3%	-3.6%	-11.5%			-11.3%	-7.8%
Source: RVIA 2007