“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).
Camping World Holdings announced a proposed offering of shares of its Class A common stock, which includes 3,500,000 shares of Class A Common Stock offered by Camping World and 6,500,000 shares of Class A Common Stock offered by certain affiliates of Crestview Advisors.
The company reported record first quarter 2017 net sales and gross profit. Net sales in the first quarter of 2017 were approximately $8.4 million, compared to approximately $6.8 million for the same period in 2016, an increase of approximately $1.6 million, or 24.3 percent.
Brisbane, Australia-based Apollo Tourism and Leisure, which boasts a rental fleet of 3,000 motorhomes, has recently acquired CanaDream Corp. and Kratzmann Caravans for $43 million, closing the transaction in July.