Good Sam Club Open Roads Forum: Thor Industries now has $14 billion in backlogged orders
Open Roads Forum Already a member? Login here.   If not, Register Today!  |  Help

Newest  |  Active  |  Popular  |  RVing FAQ Forum Rules  |  Forum Posting Help and Support  |  Contact  

Search:   Advanced Search

Search only in General RVing Issues

Open Roads Forum  >  General RVing Issues

 > Thor Industries now has $14 billion in backlogged orders

Reply to Topic  |  Subscribe  |  Print Topic  |  Post New Topic  | 
Page of 3  
Next
rlw999

Washington State

Senior Member

Joined: 08/19/2020

View Profile



Posted: 06/10/21 01:31am Link  |  Quote  |  Print  |  Notify Moderator

From Business Insider: Thor Industries now has $14 billion in backlogged orders and is 'pretty much sold out for the next year'

Quote:

And now, this boost in sales has grown into an over $14 billion order backlog, which is an almost 550% increase compared to the same time in 2020. Taking a closer look, Thor's backlog for towables and motorized RVs by the end of April in North America increased 766% and 548%, respectively, compared to the same time in 2020.

...

"Since a significant number of units in our backlog have already been retail sold, we currently believe the restocking cycle will extend well into calendar 2022," Martin said in the earnings report.


mdcamping

CT

Senior Member

Joined: 03/04/2007

View Profile



Good Sam RV Club Member

Offline
Posted: 06/10/21 05:39am Link  |  Quote  |  Print  |  Notify Moderator

Will be interesting to see in a year or so if the covid newbies go back to the cruise lines, hotel resorts and airlines. I'm looking for an Rv upgrade in the near future, hope to have some decent new or used inventory

Mike


2022 F-150 3.5 EcoBoost 4X4 Supercrew GCWR 19,500 157WB
Payload 2476 Maxtow 13,800 3.73 Equalizer 4 Pt Sway Hitch
2017 Jayco Jay Flight 24RBS
Old TV, 07 Toyota Tacoma, Double Cab, Factory Tow Pkg, retired towing at 229K. (Son now owns truck)

ZINGERLITE

Union Lake, MI

Full Member

Joined: 04/26/2018

View Profile


Offline
Posted: 06/10/21 06:04am Link  |  Quote  |  Print  |  Notify Moderator

Pre covid quality standards were hot garbage. What happens when you speed up production?

gbopp

The Keystone State

Senior Member

Joined: 08/03/2008

View Profile


Offline
Posted: 06/10/21 06:18am Link  |  Quote  |  Print  |  Notify Moderator

ZINGERLITE wrote:

Pre covid quality standards were hot garbage. What happens when you speed up production?

I didn't think Thor had a stellar reputation before the pandemic. It will be interesting to see the quality of the backlog.

RetiredRealtorRick

St. Augustine Beach, FL

Senior Member

Joined: 04/17/2020

View Profile



Posted: 06/10/21 07:05am Link  |  Quote  |  Print  |  Notify Moderator

gbopp wrote:

ZINGERLITE wrote:

Pre covid quality standards were hot garbage. What happens when you speed up production?

I didn't think Thor had a stellar reputation before the pandemic. It will be interesting to see the quality of the backlog.


Agreed. Of all the manufacturers, they're the one I'd trust least in the first place (but they sell tons of units because they're typically the cheapest). Ramping up production is bound to have an impact on quality.


. . . never confuse education with intelligence

thomasmnile

Lake Mary, FL

Senior Member

Joined: 05/14/2009

View Profile



Good Sam RV Club Member

Offline
Posted: 06/10/21 07:19am Link  |  Quote  |  Print  |  Notify Moderator

Expand production? I see a looming shortage of "Amish Craftsmen". [emoticon]

mdcamping

CT

Senior Member

Joined: 03/04/2007

View Profile



Good Sam RV Club Member

Offline
Posted: 06/10/21 07:59am Link  |  Quote  |  Print  |  Notify Moderator

Not disagreeing with any of the posts, we might still chance buying another Jayco (Thor) as we have had relatively good luck with the brand.

Newmar was bought out by Winnebago, Thor owns Tiffin & Airstream

Mike

* This post was last edited 06/10/21 12:52pm by mdcamping *   View edit history

Second Chance

Wherever...

Senior Member

Joined: 07/23/2013

View Profile



Good Sam RV Club Member


Posted: 06/10/21 09:04am Link  |  Quote  |  Print  |  Notify Moderator

mdcamping wrote:

Will be interesting to see in a year or so if the covid newbies go back to the cruise lines, hotel resorts and airlines. I'm looking for an Rv upgrade in the near future, hope to have some decent new or used inventory

Mike


I'm already starting to see quite a few more near-new units for sale on the forums I frequent. The usual states are things like, "We're not using it nearly as much as we thought we would" or, "We realized this is more than we needed." Typical newbie discoveries when jumping in without learning much about RV life.

Rob


U.S. Army retired
2020 Solitude 310GK-R
MORryde IS, disc brakes, solar, DP windows
(Previously in a Reflection 337RLS)
2012 F350 CC DRW Lariat 6.7
Full-time since 8/2015


RetiredRealtorRick

St. Augustine Beach, FL

Senior Member

Joined: 04/17/2020

View Profile



Posted: 06/10/21 10:02am Link  |  Quote  |  Print  |  Notify Moderator

The part that confuses me is the huge inventories these RV dealers seem to have, especially towables. We just returned from a couple road trips, passing many RV dealers on the Interstate, with lots that literally look full. You can't convince me those are all sold units. If you go onto RVTrader, and do a nationwide search for Thor (without a specific type/model), there are nearly 4000 new units for sale. Even throwing out the 'pending sale' listings, the number is still quite high. PLUS, this is only searching the Thor brand -- not even taking into account Jayco, Airstream, etc. Are these dealer inventory units nobody wants, or is the extreme 'shortage' maybe not as bad as it's being portrayed? Just wondering.

Desert Captain

Payson

Senior Member

Joined: 02/19/2011

View Profile


Offline
Posted: 06/10/21 10:47am Link  |  Quote  |  Print  |  Notify Moderator

My buddy just took delivery of a beautiful Lance 1685 that he ordered last January. The dealer told him if he ordered one today it would be June of 2022 before he would have any chance of delivery.

A very nice trailer by the way, he ordered it with 24 of the 27 available options and it is gorgeous. Lance you can trust for a quality rig, Thor… not so much.

[emoticon]





Reply to Topic  |  Subscribe  |  Print Topic  |  Post New Topic  | 
Page of 3  
Next

Open Roads Forum  >  General RVing Issues

 > Thor Industries now has $14 billion in backlogged orders
Search:   Advanced Search

Search only in General RVing Issues


New posts No new posts
Closed, new posts Closed, no new posts
Moved, new posts Moved, no new posts

Adjust text size:




© 2022 CWI, Inc. © 2022 Good Sam Enterprises, LLC. All Rights Reserved.