Business Services Industry
Chicago-Based Investment Bank Is Bullish on Recreational Vehicle Industry.
Knight Ridder/Tribune Business News, February, 2003
By Jack Katzanek, The Press-Enterprise, Riverside, Calif. Knight Ridder/Tribune Business News
Feb. 11--An investment bank has released a very bullish report on the recreational vehicle industry, calling this a time when companies could grow at an "unprecedented rate."
An analysis by Chicago-based Crowe Capital Markets predicts the RV industry will pull in some $13.7 billion in sales by 2005 and will weather some short-term storms including the current economy, a depressed stock market and soaring fuel prices.
In 2001, the last year sales figures are available, RVs generated about $8.6 billion in sales, according to the Recreational Vehicle Industry Association. Sales are expected to be higher for 2002 based on the number of units...
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