ARI Network Services, an award-winning provider of SaaS, software tools, and marketing services that help dealers, distributors and manufacturers, reported financial results for its fiscal third quarter ending April 30.
Thanks to strong growth in its recreation and fire and emergency segments, REV Group reported a year-to-year improvement on its consolidated net sales of 15.9 percent over the same period last year. That increase totaled $988.3 million for the first six months ended April 29.
RV Industry Association’s April survey of manufacturers found RV wholesale shipments finished above 40,000 for the second month. Monthly shipments totaled 42,295 – an increase of 5.6 percent compared to last April.
“Due to some retailers selling at low prices, it leads to erosion of prices and brand value that heavily affects brick-and-mortar dealers as well as our company overall,” said Torklift General Manager Jay Taylor.
Laurentian Bank of Canada announced the planned acquisition of Northpoint Commercial Finance, which is among the leading U.S. and Canadian inventory finance lenders with a portfolio of approximately $892 million.
The North American RV rental fleet is expected to grow more than 12 percent in 2017, with almost two-thirds of rental operators expanding their rental fleets, according to a new survey by the Recreation Vehicle Rental Association (RVRA).