Thor Industries, the world’s largest RV manufacturer, reported record RV sales of $3.24 billion for the fiscal year ending July 31, an increase of more than 22 percent over the previous year. The company said its order backlog at the end of the year was $441.5 million, up more than 31 percent from last year.
“We are pleased with the strong fundamentals of the entire RV market and we are excited by the growth prospects in both towable and motorized RVs as we enter our new fiscal year,” said Bob Martin, Thor president and CEO.
Thor also had nearly $450 million in sales at its bus business last fiscal year, but is in the process of selling that business to Allied Specialty Vehicles for $100 million. The transaction is expected to close by November 1. Thor said it is leaving the bus business to focus on its core RV business, which includes the Airstream, CrossRoads, Heartland and Keystone brands.
Allied Specialty Vehicles produces ambulances, school buses, fire equipment and other commercial vehicles and RVs, including the Fleetwood, Monaco and Holiday Rambler brands.