DEALER NET PROFITS HIGHEST IN 10 YEARS Annual benchmarking survey shows net profits reached 4.8 % last year - RVDA
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Go RVing Promotes RV Travel through Spring Fever Sweepstakes page 24 JUNE 2014 DEALER NET PROFITS HIGHEST IN 10 YEARS Annual benchmarking survey shows net profits reached 4.8 % last year page 10 ALSO: Dealers Remain Upbeat Over Retail Market page 13 Rental Revenue on the Rise page 18
C O N T E N T S June 2014 10 10 RV Dealer Net Profits in 2013 the Highest in 10 Years Net profit as a percentage of sales showed dramatic improvement last year, reaching 4.8 percent, according to Spader Business 13 Management data. 13 Dealers Remain Upbeat About RV Retail Market 16 Dealers are still upbeat about the market, but not quite as much as they were a year ago. A little less than half say this spring’s market was better than in spring of 2013. 16 RV Inventory Turn and Aging Rates Indicate a Healthy 2014 GE Capital CDF’s Tim Hyland says 18 dealership metrics and a good economy make him optimistic about the RV industry. 18 RV Dealers Report Higher RV Rental Revenue Dealers with rental fleets report dramatic increases in rental revenue in 2013, with some experiencing jumps of as much as 49 percent. 19 I N E V E RY I S S U E : 19 Rockin’ Rentals Gambling on the RV rental arena seems to 6 7 8 Looking ahead Chairman’s report Officers, directors, and delegates have paid off for some new enterprises, 9 Industry trends according to a recent RVDA survey – 28 RVDA endorsed products reservations are filling up quickly. 30 RV Learning Center contributors 31 RV industry’s training calendar 31 Advertisers index 24 Go RVing Promotes RV Travel through Spring Fever Sweepstakes Go RVing partnered with the Outdoor Channel to cosponsor the network’s popular 24 Spring Fever Sweepstakes. The sweepstakes got on-air and online support with custom vignettes featuring network personalities talking up the appeal of RVs for outdoor enthusiasts. JUNE 2014 5
RV EXECUTIVE TODAY LOOKING AHEAD A Window into Go RVing Prospects’ President: Phil Ingrassia, CAE Purchasing Power Vice President for Administration: By Phil Ingrassia, CAE, president Ronnie Hepp, CAE Editor: Mary Anne Shreve L ast month I had the opportunity to dig a little deeper into a recent Go RVing study for some presentations I prepared “One of the things in the Graphic Designer: Ginny Walker for the RV Business Power Breakfast and study that jumped out to the Airstream dealer meeting. The study is me was the household a sales match analysis conducted by global data and marketing solutions firm IHS income numbers for Go RVDA STAFF Chuck Boyd Automotive, which incorporated Polk into RVing buyers that are Dealer Services Manager its business last year. significantly higher than Hank Fortune Here is some quick background on Director of Finance this sales match study. Go RVing provided what we’ve found for Jeff Kurowski 208,000 leads gathered from an 18-month average RV owners.” Director of Industry Relations period, and IHS matched those names Julie Anna Newhouse Marketing Manager through a registration database of new and Brett Richardson, Esq., CAE used RV registrations through last June. most recent University of Michigan study. Director of Legal and Regulatory This provided an adequate buying time for The Go RVing prospects who buy are Affairs the analysis. more affluent, which means they’re more Julianne Ryder The big news out of the study (which Marketing Communications Specialist likely to buy a motorhome than other RV Executive Today has previously reported) Patricia Williams buyers. These prospects buy a lot of travel Accounting Clerk was that in the total universe of U.S. trailers too, but the mix is heavier toward households, the national new RV purchase motorized than the overall RV market is MIKE MOLINO RV LEARNING CENTER STAFF rate during the period studied was .36 supporting right now. Karin Van Duyse percent. The Go RVing lead rate of Chief purchase for a new RV was .84 percent – Follow-up is important Liz Fleming Education Coordinator more than double the U.S. household rate. It comes as no surprise that following Tony Yerman Purchase rates for used RVs were even up with these prospects is important. The RV Service Consultant higher among Go RVing leads, at 1.5 study showed that more than 50 percent ––––––––––––––––––––––––––––––––––– percent. When combined, the total Isabel McGrath of those who purchased did so within 180 Technician Certification Registrar purchase rate for Go RVing leads was days of becoming a lead. 2.34 percent, which is impressive when As we’ve talked to dealers and looked compared to the one to two percent rate at monthly sales data, it’s clear that the RV Executive Today is published monthly by the the Direct Marketing Association RV sales cycle has become somewhat less Recreation Vehicle Dealers Association of considers good for lead conversions. cyclical, so the Go RVing program has America at 3930 University Drive, Fairfax, VA 22030-2515. Periodicals postage paid at Fairfax, Higher household income extended its media plan into the fall. This VA 22030 USPS No. 062450. Issued monthly to means leads are coming into the system all RVDA members as a membership benefit paid for by their dues. One of the things in the study that throughout the year. jumped out to me was the household If your dealership is not signed up for Postmaster please send address changes to: income numbers for Go RVing buyers RV Executive Today, 3930 University Drive, the 2014 program yet, there’s still plenty Fairfax, VA 22030-2515 The annual subscription that are significantly higher than what of time to get good value out of the rate of $30 is a part of membership dues. we’ve found for average RV owners. program. See page 25 for details. With Editorial/Business Office: The average household income for a more follow-up and more dealers partici- 3930 University Drive, Fairfax, VA 22030-2515 Go RVing lead who purchased a new unit pating, we can drive the purchase rates Phone (703) 591-7130 FAX (703) 359-0152 during the period was $87,246, and for outlined in the study even higher in the RV Executive Today (ISSN #1088-873X) those who purchased a used unit, it was future. Volume 18, Issue 6 $75,984. This compares to the $62,000 Thanks for For advertising information contact: average household income reported in the your support. Julie Newhouse, Marketing Manager, (703) 591-7130 x 103 6 RV EXECUTIVE TODAY
CHAIRMAN’S REPORT Learn From Someone Else, for a Change By Jeff Hirsch, chairman I 've never liked learning from my own personal experi- ences – it costs way too much. I agree with Ben Franklin, who said, "Experience is a dear school, and fools will learn great opportunity for me to spend quality time with my staff and build for their future and the company’s. RVDA has kept the registration rate as low as possible in no other." so you can bring more people. There are discounts for I also agree with Albert Einstein’s comment that the additional staff, special two-day offers, and a variety of pay world's problems can’t be solved by the same kind of plans. The investment you make in your employees is part thinking that created them. I contend that our business of your competitive advantage, so I hope you’ll consider problems also can’t be solved by the same kind of thinking bringing as many of your top-level staffers as possible. Let’s that created them. not learn from our own experiences – it’s too expensive. Where am I going with this? The reality is that occa- There are many more reasons why this convention will sionally we all need to change our way of thinking, to have be out of the ordinary. We already have four Vendor our world view shaken up a bit. At the very least, we need Training +Plus sessions scheduled. These extended, to update and add to our knowledge base. The trick is to do customized learning sessions give attendees the chance to so as efficiently and painlessly as possible. And preferably, delve deeper into subjects with representatives from compa- we can learn from someone else’s hard-bought experience. nies they do business with. Thanks to AL-KO Axis, Blue I know how you can benefit from the combined Ox, Lippert Components and Integrated Dealer Systems for wisdom of dozens of smart business people at one place their early support. We’ll be announcing more sessions soon. and time. There’s an event that’s been developed specifi- This year’s exhibit hall is also larger than previous years cally for RV dealers and their employees, one that offers and will accommodate more companies. In fact, with six the chance to learn better ways of operating virtually every months still left until the convention, expo space is already aspect of our businesses. I’m referring, of course, to the RV almost 60 percent sold. And first-time exhibitors are showing Dealers International Convention/Expo. great interest in joining us this year. Be sure to get the jump You may have attended previous RVDA conventions, on the latest and greatest the expo has on display this year. but this year’s has been taken to a different level altogether. Not everything will change – the popular Partners In As you’ve heard, in response to members’ requests for a Progress brand committee meetings will once again give change of venue, the locale has been moved to Bally’s on dealers the chance to discuss important brand-specific issues the Las Vegas Strip, right in the middle of the action. We’ll with their manufacturers, and there will be education tracks have all of the city’s glamour and excitement right at hand for dealers/GMs and managers in sales, service, parts, and for after-hours entertainment. The Bally’s staff has been rental operations. Not to mention inspiring speakers, working with us for months to ensure that the transition to including Doug Lipp, the dynamo who helped shape Disney a new location is smooth and that the show is the best ever. University’s world-famous customer service training. This Also at members’ requests, the timing of the event has presentation alone will be worth the price of admission. been pushed back later in the year – to Nov. 10-14 – so We couldn’t put on the convention/expo without the that it doesn’t interfere with the busy fall selling season. generosity of our partners. As of press time, the convention RVDA has frequently heard dealers claim they would bring is being supported by GE Capital, Commercial more employees to the convention if only they could be Distribution Finance (platinum partner), Protective (gold spared from the dealership. Well, we heard you – now you partner), and MBA Insurance, Bank of the West, and have a great new location and more convenient dates. Diversified Insurance Management (bronze partners). My I’m a big advocate for taking as many staffers as deepest appreciation goes to those who invest in us for a possible to the convention. Giving them the chance to be brighter future. part of this event has made a huge difference to my Five concentrated days of learning from the best in the employees’ professional development and lightened my business, the chance to network with colleagues and to load as a dealer principal. It's difficult for me to relate enjoy one of the country’s most popular cities everything I learn at the convention to everyone back – that’s what I call smart learning. home, and the messages I hear are different from what a I look forward to a great convention and service or sales manager would hear. The convention is a to catching up with many of you. 7
RVDA BOARDS: OFFICERS, DIRECTORS, & DELEGATES Chairman Alaska Maryland Ohio Wisconsin Participating Past Chairmen Jeff Hirsch Kevin Brown Greg Merkel Dean Tennison Mick Ferkey Bruce Bentz Campers Inn of Kingston Arctic RV & Interior Topper Leo’s Vacation Center Inc. Specialty RV Sales Greeneway Inc. Capital R.V. Center Inc. Kingston, NH Fairbanks, AK Gambrills, MD Lancaster, OH Wisconsin Rapids, WI Bismarck, ND (603) 642-5555 (907) 451-8356 (410) 987-4793 (740) 653-2725 (715) 325-5170 (701) 255-7878 jhirsch@campersinn.com arcticrv@arcticrv.com Admin-jacki@comcast.net dean@specialtyas.com mickferkey@greenewayrv.com bruce@capitalrv.com 1st Vice Chairman Arizona Massachusetts Oklahoma Wyoming Randy Biles John McCluskey Devin Murphy Marc LaBrecque Ron Shepherd Sonny Rone Pikes Peak Traveland Inc. Florida Outdoors RV Center Freedom RV Inc. Diamond RV Centre Inc. Camperland of Oklahoma, LLC Sonny’s RV Sales Inc. Colorado Springs, CO Stuart, FL Tucson, AZ W. Hatfield, MA Tulsa, OK Evansville, WY (719) 596-2716 (772) 288-2221 (520) 750-1100 (413) 247-3144 (918) 836-6606 (307) 237-5000 rwbiles@pikespeakrv.com john@floridaoutdoorsrv.com dmurphy@freedomrvaz.com info@diamondrv.com ron_shepherd@camperlandok.com rentals@sonnysrvs.com Debbie Brunoforte 2nd Vice Chairman California Michigan Oregon VACANT Little Dealer, Little Prices Brian Wilkins Troy Padgett Chad Neff Kory Goetz Arkansas Mesa, AZ Wilkins R.V. Inc. All Valley RV Center American RV Sales & Service Curtis Trailers Inc. Hawaii (480) 834-9581 Bath, NY Acton, CA Inc. Portland, OR Maine dbrunoforte@littledealer.com (607) 776-3103 (661) 269-4800 Grand Rapids, MI (503) 760-1363 bwilkins@wilkinsrv.com troy@allvalleyrvcenter.com (616) 455-3250 kgoetz@curtistrailers.com AT-LARGE Rex Floyd chad@americanrv.com Bob Been Floyd’s Recreational Vehicles Treasurer Colorado Pennsylvania Affinity RV Service Sales & Norman, OK Darrel Friesen Tim Biles Minnesota Greg Starr Rentals (405) 288-0338 All Seasons RV Center Pikes Peak Traveland Will Jarnot Starr’s Trailer Sales Prescott, AZ rxflyd@aol.com Yuba City, CA Colorado Springs, CO PleasureLand RV Center Brockway, PA (928) 445-7910 (530) 671-9070 (719) 596-2716 St. Cloud, MN (814) 265-0632 bobbeen@affinityrv.com Crosby Forrest Darrel@allseasonsrvcenter.com tbiles@pikespeakrv.com (320) 251-7588 greg@starrstrailersales.com Dixie RV Superstore w.jarnot@pleasurelandrv.com Randy Coy Newport News, VA Secretary Connecticut Rhode Island Dean’s RV Superstore (757) 249-1257 Tim Wegge Chris Andro Mississippi Linda Tarro Tulsa, OK info@dixiervsuperstore.com Burlington RV Superstore Hemlock Hill RV Sales Inc. Stephen (Snuffy) Smith Arlington RV Super Center Inc. (918) 664-3333 Sturtevant, WI Milldale, CT Country Creek RV Center East Greenwich, RI rcoy@deansrv.com Ernie Friesen (262) 321-2500 (860) 621-8983 Hattiesburg, MS (401) 884-7550 All Seasons RV Center twegge@burlingtonrv.com chrisa@hemlockhillrv.com (601) 268-1800 linda@arlingtonrv.com David Hayes Yuba City, CA snuffy@countrycreekrv.net Hayes RV Center (530) 671-9070 Past Chairman Delaware South Carolina Longview, TX eefriesen@msn.com Andy Heck Ryan Horsey Missouri Gloria Morgan (903) 663-3488 Alpin Haus Parkview RV Center Sheri Wheelen The Trail Center dhayes@hayesrv.com Rick Horsey Amsterdam, NY Smyrna, DE Wheelen RV Center Inc. North Charleston, SC Parkview RV Center (518) 842-5900 (302) 653-6619 Joplin, MO (843) 552-4700 Ed Lerch Smyrna, DE aheck@alpinhaus.com rdhorsey@parkviewrv.com (417) 623-3110 gmorgan497@aol.com Lerch RV (302) 653-6619 sheri@wheelenrv.com Milroy, PA rhorsey@parkviewrv.com Director Florida South Dakota (717) 667-1400 Will Jarnot Rob Rothenhausler Montana Lyle Schaap ed@lerchrv.com Larry McClain PleasureLand RV Center Inc. Ocean Grove RV Supercenter Ron Pierce Schaap’s RV Traveland McClain’s RV Inc. St. Cloud, MN St. Augustine, FL Pierce RV Supercenter Sioux Falls, SD Scott Loughheed Lake Dallas, TX (320) 251-7588 (904) 797-5732 Billings, MT (605) 332-6241 Crestview RV Center (940) 497-3300 w.jarnot@pleasurelandrv.com rob@oceangrovervsales.com (406) 655-8000 lyle@rvtraveland.com Buda, TX rpierce@pierce.biz (512) 282-3516 Tim O’Brien Director Georgia Tennessee scott@crestviewrv.com Circle K RVs Mike Regan Doc Allen Nebraska Roger Sellers Lapeer, MI Crestview RV Center C.S.R.A. Camperland Inc. Tony Staab Tennessee RV Sales & Service, Mike Rone (810) 664-1942 Buda, TX Martinez, GA Rich & Sons Camper Sales LLC Sonny’s RV Sales Inc. t.obrien@circlekrvs.com (512) 282-3516 (706) 863-6294 Grand Island, NE Knoxville, TN Evansville, WY Mike_regan@crestviewrv.com docallen@csracamperland.com (308) 384-2040 (865) 933-7213 (307) 237-5000 Dan Pearson tony@richsonsrv.com rsellers@tennesseerv.com mrone@sonnysrvs.com PleasureLand RV Center Inc. Director Idaho St. Cloud, MN Rod Ruppel Tyler Nelson Nevada Texas Adam Ruppel (320) 251-7588 Webster City RV Inc. Nelson’s RVs Inc. Beau Durkee Mike Regan Webster City RV Inc. d.pearson@pleasurelandrv.com Webster City, IA Boise, ID Carson City RV Sales Crestview RV Center Webster City, IA (515) 832-5715 (208) 322-4121 Carson City, NV Buda, TX (515) 832-5715 Cammy Pierson rod@webstercityrv.com tyler@nelsonsrvs.com (775) 882-8335 (512) 282-3516 adam@webstercityrv.com Curtis Trailers Inc. beau@carsoncityrv.com Mike_regan@crestviewrv.com Portland, OR Director Illinois Rod Ruppel (503) 760-1363 Ron Shepherd Richard Flowers New Hampshire Utah Webster City RV Inc. cammypierson@yahoo.com Camperland of Oklahoma, LLC Larry’s Trailer Sales Inc. Scott Silva Jared Jensen Webster City, IA Tulsa, OK Zeigler, IL Cold Springs RV Corporation Sierra RV Corp (515) 832-5715 Joe Range (918) 836-6606 (618) 596-6414 Weare, NH Sunset, UT rodruppel@gmail.com Range Vehicle Center Inc. ron_shepherd@camperlandok.com richardfl@larrystrailersales.com (603) 529-2222 (801) 728-9988 Hesperia, CA scott@coldspringsrv.com jared@sierrarvsales.com Joey Shields (760) 949-4090 RVRA Representative Indiana Pan Pacific RV Centers Inc. range1937@msn.com Scott Krenek Nathan Hart New Jersey Vermont French Camp, CA Krenek RV Center Walnut Ridge Family Trailer Sales Brad Scott Scott Borden (209) 234-2000 Dell Sanders Coloma, MI New Castle, IN Scott Motor Home Sales Inc. Pete’s RV Center joey@pprv.com J. D. Sanders Inc. (269) 468-7900 (765) 533-2288 Lakewood, NJ South Burlington, VT Alachua, FL scott_krenek@krenekrv.com nhart@walnutridgerv.com (732) 370-1022 (802) 864-9350 Earl Stoltzfus (386) 462-3039 bscott@scottmotorcoach.com scott@petesrv.com Stoltzfus RV’s & Marine jdsrv@att.net RVAC Chairman Iowa West Chester, PA Tom Stinnett Jeremy Ketelsen New Mexico Virginia (610) 399-0628 Marty Shea Tom Stinnett Derby City RV Ketelsen RV Inc. Rick Scholl Lindsey Reines estoltzfus@stoltzfus-rec.com Madison RV Supercenter Clarksville, IN Hiawatha, IA Rocky Mountain RV World Reines RV Center Inc. Madison, AL (812) 282-7718 (319) 377-8244 Albuquerque, NM Manassas, VA Glenn Thomas (256) 837-3881 tstinnett@stinnettrv.com jketelsen@ketelsenrv.com (505) 292-7800 (703) 392-1100 Bill Thomas Camper Sales mjshea@madisonrv.com rscholl@rmrv.com rv8955@aol.com Wentzville, MO RV Learning Center Chairman Kansas (636) 327-5900 Bill Thomas Jeff Pastore Bill Hawley New York Washington g.thomas@btcamper.com Bill Thomas Camper Sales Inc. Hartville RV Center Hawley Brothers Inc. Jim Colton Ron Little Wentzville, MO Hartville, OH Dodge City, KS Colton RV RV’s Northwest Inc. Larry Troutt III (636) 327-5900 (330) 877-3500 (620) 225-5452 N Tonawanda, NY Spokane Valley, WA Topper’s Camping Center Btcs1940@sbcglobal.net jeff@hartvillerv.com wildbill@pld.com (716) 694-0188 (509) 924-6800 Waller, TX jcolton@coltonrv.com ron@rvsnorthwest.com (800) 962-4839 Larry Troutt DELEGATES Kentucky latroutt3@gmail.com Topper’s Camping Center Alabama NeVelle Skaggs North Carolina West Virginia Waller, TX Rod Wagner Skaggs RV Country Steve Plemmons Lynn Butler Bill White (800) 962-4839 Madison RV Supercenter Elizabethtown, KY Bill Plemmons RV World Setzer’s World of Camping Inc. United RV Center larrytroutt@toppersrvs.com Madison, AL (270) 765-7245 Rural Hall, NC Huntington, WV Fort Worth, TX (256) 837-3881 nrskaggs@aol.com (336) 377-2213 (304) 736-5287 (817) 834-7141 rod@madisonrv.com steve@billplemmonsrv.com setzersrv@aol.com bill@unitedrv.com Louisiana Jim Hicks North Dakota Southern RV Super Center Inc. Michelle Barber Bossier City, LA Capital R.V. Center Inc. (318) 746-2267 Minot, ND jim@southernrvsupercenter.com (701) 838-4343 michelle@capitalrv.com 8 RV EXECUTIVE TODAY
INDUSTRY TRENDS R V I N V E N T O R Y I N D E X For the latest RV Inventory Index report, visit www.rvda.org. Towable and Motorized Inventories Expanded Rapidly By Thomas Walworth, Statistical Surveys/The Thrive Group R V dealers’ towable and motorhome inventories grew at much more rapid rates during February 2014 than was the case in February 2013, according to data gathered by market research firm 120 MOTORHOMES 2014 2013 Statistical Surveys/The Thrive Group. 100 2012 However, many of the units that were counted as being in dealers’ inventories actually remained at Indiana RV factories, because a shortage of delivery drivers and severe winter weather 80 delayed shipments, according to industry sources. Harsh winter 67.8 weather in the northern states also discouraged consumers from 65.2 62.5 visiting dealers’ lots, further depressing the inventory indexes. 60 57.6 53 The inventory index for towables was 41.8 in February 2014, which means towable When the RV 49.3 Inventory Index is 2013 2014 inventories expanded even more rapidly than below 100, there’s 40 OCT NOV DEC JAN FEB YTD they did in February 2013, when the inven- an expansion of tory index was 48.2. dealer inventories. When the index is In the case of motorhomes, the February above 100, there’s 120 2014 inventory index was 49.3, which means shrinkage. If the industry sold a unit 110 TOWABLES dealer inventories grew at a significantly faster at retail for every 100 rate than in February 2013, when the inven- unit delivered at tory index was 67.8. wholesale, the RV 90 Inventory Index The 12,238 towable RVs retailed by U.S. would be 100. 80 dealers during February 2014 represented a 70 10.3 percent increase over the 11,096 units sold to consumers in February 2013. Wholesale shipments of towables were up 27.4 60 percent to 29,300 units in February 2014, compared with 23,000 50 44.7 44.7 units delivered to dealerships in February 2013. 41.7 41.7 40 In the case of motorhomes, 2,020 units were retailed in 40.9 41.8 2013 2014 February 2014, a 6.4 percent increase over the 1,899 units sold in 30 OCT NOV DEC JAN FEB YTD February 2013. Meanwhile, motorhome shipments increased 46.4 percent to 4,100 units in February 2014, compared with 2,800 units shipped during February 2013. For more information, contact Tom Walworth at (616) 281-9898. The Thrive Group is a partnership between Statistical Surveys and Spader Business Management. n Take Advantage of Your RVDA Websites The RVDA and Mike Molino RV Learning Center websites are the dealership employee’s complete online resources. These innovative, interactive websites provide easy access to the critical resources that assist dealers and their employees in running the dealership efficiently and effectively. Visit both sites to download fact sheets on dealership best prac- tices or the latest retail statistics, search the listings of training opportunities, and purchase CD-ROMs, publications, videos, or webcasts to enhance your dealership’s knowledge. RVDA member dealerships and any of their employees can have 24/7 access to most of RVDA’s dealer specific information (broken down by department). Make www.rvlearningcenter.com and www.rvda.org your first source for all dealership information. JUNE 2014 9
B E N C H M A R K I N G RV DEALER NET PROFITS IN 2013 THE HIGHEST IN 10 YEARS Source: Spader Business Management Analysis by Jeff Kurowski I s your dealership as profitable as it should be? For some insight, compare your margins and expense ratios with other dealers around the country. This annual benchmarking section of RV Executive Today provides a point of reference on some important areas of dealership operations. The data is based on dealer-reported information and is an average, not a scientific study of all dealers. 30 NEW USED TOTAL UNIT UNIT SALES SALES SALES 25 20 15 Gross Margin as % of Sales The gross margin on new unit 10 sales declined 0.5 percent in 2013 to its lowest level since 2008, but the gross margin on used unit sales climbed to 19.2 percent, its highest level since 5 2006. The gross margin on total sales (from all dealership depart- ments) was 26.2 percent in 2013, down a little from 2012 and the 0 same percentage as in 2011. '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 10 RV EXECUTIVE TODAY
5 54 52 4 50 3 48 2 46 1 44 0 42 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 Net Profit as % of Sales Personnel Expenses Net profit as a percentage of sales showed dramatic improve- as % of Gross Margin ment in 2013, reaching 4.8 percent, compared with 4.4 Personnel expenses--salaries, benefits, and other employment percent for reporting dealers in 2012. Last year’s net profit as costs--as a percentage of gross margin declined in 2013 to a percentage of sales was the highest in more than 10 years. 48.1 percent, from 48.7 percent in 2012. Personnel costs as a percentage of gross margin now are lower than they’ve been at any time since 2005. 6.5 8.0 7.5 7.0 6.0 6.5 6.0 5.5 5.5 5.0 4.5 5.0 4.0 3.5 4.5 3.0 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 Advertising Expenses Floor Plan Interest Expense as % of Gross Margin as % of Gross Margin Advertising spending dipped to 5.1 percent of gross margin in The often volatile measure of floor plan interest expense as a 2013, from 5.4 percent in 2012. Advertising expenses as a percentage of gross margin was stable between 2012 and percent of gross margin are at the lowest point since 2010. 2013. It remained at 3.8 percent, which is less than half of what it was during the pre-recession year of 2007, when it was 7.9 percent. JUNE 2014 11
16.5 18 16.0 17 15.5 16 15.0 14.5 15 14.0 14 13.5 13.0 13 12.5 12 12.0 11 11.5 11.0 10 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 Semi-Fixed Expenses Fixed Expenses as % of Gross Margin as % of Gross Margin Semi-fixed expenses, or costs that rise and fall depending on Fixed expenses (mortgage and lease costs and expenses such the amount of business occurring, fell in 2013 to 12.0 percent as property taxes) as a percentage of gross margin slipped of gross margin, compared with 12.4 percent in 2012. down to 12.3 percent in 2013, the lowest it’s been since 2005. 12 RV EXECUTIVE TODAY
Dealers Remain Upbeat About RV Retail Market By Jeff Kurowski R 41% RV dealers continue to be upbeat about the Is the retail retail market, although they’re not as upbeat as they were a year ago, according to an RVDA market better than last year? About 48% the Same Better survey conducted in May. Forty-eight percent of respondents said the RV market was better this May than it was last year, and 41 percent said it was about the same 9% as a year ago. Ten percent felt it was worse than Worse it was during spring of 2013. In comparison, during May 2013, 59 percent of dealers responding believed the retail market was better 31% 34% than during the spring of 2012, 41 percent felt it About was the same, and no one said it was worse. Better How are towable the Same A third of this year’s respondents also said RV sales compared to last year? the towables market was better, compared with last year, when 59 percent said it was better. Another third said this year’s towables market 34% was worse, compared with last year, when only 9 Worse percent said the market was worse than during the spring of 2012. With motorhomes, half of dealers said their 15% spring 2014 sales were better than their spring About the 2013 sales, 35 percent said they were worse, and Same 15 percent said they were about the same. Last How are motorhome spring, 33 percent said the motorhome market sales compared to was better, 50 percent said it was about the same, last year? 50% and 17 percent said it was worse. 35% Better Some 61 percent of this May’s respondents Worse believed their inventory levels were just right, 25 percent felt they were too high, and 14 percent believed they were too low. A year earlier, 77 percent said inventories were just right, 18 percent said they were too high, and 5 percent 25% said they were too low. High Due to severe winter weather in northern Indiana, where most RVs are built, and a 61% For current market shortage of delivery drivers, many dealers conditions, your complained they couldn’t get units delivered from 14% Just Right inventory is: the factories to their dealerships in a timely Low manner. This sentiment was reflected in the survey results. Some 55 percent of respondents said they couldn’t get new product delivered in a *Charts may not total continued on page 14 100% due to rounding. JUNE 2014 13
continued from page 13 reasonable amount of time. Another 21 percent said timely delivery “depends on the manufac- Is the right amount turer,” and 14 percent of respondents said they of retail credit went to the factories themselves to haul back the available? 100% RVs they ordered. Yes “It is a bit of a hassle, but it increased our sales by being able to get what we wanted when we wanted it, instead of being at the mercy of transport at the manufacturer,” one dealer wrote. Only 10 percent of respondents said they got product delivered in a timely manner. Many retail RV shows occur during the first 22% quarter of the year, and 30 percent of survey respondents said sales at their show were better No Is the right amount this year than in 2013. Twenty-five percent felt of wholesale credit this year’s show didn’t go as well as last year’s, available? and 45 percent said sales were about the same. 76% Dealers unanimously believe there’s an Yes adequate amount of credit available for inventory financing, and 78 percent said there’s enough retail credit available for their customers. n *Charts may not total 100% due to rounding. 14 RV EXECUTIVE TODAY
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F I N A N C I N G RV Inventory Turn and Aging Rates Indicate a Healthy 2014 GE Capital CDF’s Tim Hyland says dealership metrics, good economy, make him optimistic about the RV industry. As the leading wholesale finance company in the RV A. As you can imagine, turn is affected by many industry, GE Capital, Commercial Distribution Finance factors, such as time of provides flexible inventory financing that helps keep year, geography, product RVs rolling from manufacturers to dealer sales lots. In type, manufacturer, and model. What we really pay this special Q&A with RV Executive Today, Tim Hyland, attention to is actual turn president, recreation and specialty vehicles, takes a versus expectation and if look at the economic landscape for the RV business. that turn is changing. Overall, we have seen turn Tim Hyland You’ve said that the and asset levels have risen. Q remain consistently above RV industry should Aging, the ratio of 2X on a blended basis be able to build on financed inventory less than across all product types, its recent success again a year old to the amount of which is positive consid- this year. What are key inventory greater than a ering the increases we’ve performance indicators year old, is also an indicator seen. Ultimately, we see you look at when deter- and has remained under 10 most dealers manage inven- mining the industry’s percent, which we consider tory and specific asset types strength? positive. We’ve seen both based on their experience A. When we look at our turn and aging in that and the merchandising portfolio, a couple of the healthy range for the past needs of their market. factors used to assess couple of years, which is Through support of industry health are aging and turn. We like to see turn, which reflects the indicative of a healthy port- folio. Overall economic performance plays a key Q industry education events, such as the upcoming RV Dealers number of times a dealer's International inventory is sold and role when it comes to the Convention/Expo, GE replaced over a period of RV industry’s strength. CDF has shown a time, remain steady at a Factors that affect commitment to healthy level. We have seen consumer confidence and improving the profes- turn remain above 2X as growth in disposable sionalism and prof- the industry has improved income are areas to watch. itability of RV retailing. While it may remain What types of resources Follow uneven, we expect to see does GE offer its dealer company benefit from a relatively clients to help them news via good economy, and we’re succeed? Twitter. feeling optimistic about the RV industry in 2014. A. CDF has been financing the RV industry for more 30 Every dealership is Q different, but can you explain what type of inventory turn years. Our RV team has many years of experience in the industry, which gives us a unique perspective to GE CDF would like for help our customers with various product types? twitter.com/GE InventoryFin their business needs. 16 RV EXECUTIVE TODAY
Also, our business company and external economy important, the economy. Its resur- intelligence tools are what thought leaders from and where does the RV gence has helped the make us stand out. Our Harvard Business Review, industry fit into it? middle market remain customers have access to McKinsey, and more. A. This segment of the ahead of the S&P 500 in COMS, our online inven- In addition, through economy is extremely terms of revenue growth. tory management system, an exclusive relationship important because GE Capital, which provides data and with Spader Business although the middle Commercial Distribution actionable insights that Management over the market represents just Finance provided $34 can help our customers past several years, GE has three percent of all U.S. billion in financing for make informed decisions offered subsidized educa- companies, it accounts for more than 30,000 dealers about their inventory. tional opportunities to one third of all private and more than 3,000 We’re also proud to drive dealer stability and sector jobs. GE Capital has distributors and manufac- offer our customers Access growth through a variety partnered with the Fischer turers in the United States GE that offers insights of educational programs. School of Business at The and Canada in 2013. digitally through our GE CDF has played Ohio State University to Programs include inven- Access GE portal, which all of our customers have access to, and through multi-customer meetings Q a leadership role in educating policy- makers, regulators, and research and promote this part of the economy. The RV industry fits tory and accounts receiv- able financing, asset-based lending, private label financing, collateral opinion leaders on right into the definition of and one-on-one engage- what’s termed “the the middle market, with management and related ments for our strategic middle market,” so many dealers and financial products. For customers. That’s why it’s defined as companies manufacturers in the $10 more information, visit unique to work with GE with annual revenues million to $1 billion range. www.gecdf.com/ or Capital – our customers of $10 million to $1 We think the RV industry follow company news via can leverage the expertise billion annually. Why is should be proud to be Twitter (twitter.com/GE of the greater GE this segment of the part of this segment of InventoryFin). n JUNE 2014 17
R E N T I N G RV Dealers Report Higher RV Rental Revenue By Jeff Kurowski R V dealers with rental fleets reported dramatic increases in rental revenue in 2013, and more than half plan to expand their fleets this year, according to a 50% 45% 32% respondents survey conducted by the Recreation Vehicle Rental 40% Association (RVRA) in April. Almost 80 percent of the respondents took in more 35% RV Rental Revenue money from rentals last year than in 2012, with some Comparison reporting jumps of as much as 49 percent. More than 30% half of respondents had double-digit increases. Another 2013 vs. 2012 % REVENUE INCREASE 25% 11 percent had flat rental revenues in 2013, and 10 percent said their revenues were down. 20% With the rental market so hot, 55 percent of the 26% respondents dealers said they plan to expand their fleet this year in 15% order to capture more rental business. Dealers who 10% aren’t planning to expand cited floor plan costs, higher 21% respondents personnel costs and insufficient market demand. 5% Six to seven nights is the most popular length of an 11% respondents RV rental contract, according to respondents. Almost 0% half said that was their average contract length; a third 5% respondents -5% said four to five nights was their average, and a sixth said three nights was their average. -10% Although multi-location operations that focus more 5% respondents on rentals than on sales primarily rent Class C -15% motorhomes, a high percentage of dealers who -20% responded to the survey rent towable RVs. Three- quarters said they have some towables in their fleet, and 20 percent rent towables exclusively. Another five percent have fleets that are 95 percent towables, and 10 percent have rental fleets that are 80 percent towables. Ten percent of respondents rent Class Cs only. Rental Fleet Composition Rental Fleet Size DEALERS WHO RENT AT LEAST SOME: 2014 vs. 2013 Towables 85% 55% RVRA is a unit of RVDA, and the survey was conducted through the RV Retailer Intelligence program, a service of the RV Assistance Class C 70% Corp. (RVAC), a wholly-owned 34% subsidiary of RVDA. n Class B 20% Class A 55% 10% Bigger Same Smaller 18 RV EXECUTIVE TODAY
Rockin’ Rentals By Mary Anne Shreve M ost RV dealers are “scared to death of rentals,” says Thad Weed, but that didn’t deter him from get outdoors but aren’t interested in the expense of RV ownership and the gambling last year on his own rental hassles of towing. Weed business, Valet RV Rental in says it’s a headache-free way Loganville, GA. The business is small to introduce people to – three units currently – but Weed camping, and some appears to have hit on something big. customers have become He had 110 reservations last year, and owners. this year he’s booked more than 140 Gary McCoskey got for the next of couple months alone. the same reaction Weed got The demand made him decide to add when he told friends he was going to RVs, because those sand duners keep four campers to his fleet. start renting RVs – “They said I was him busy even through the winter “It’s really catching fire,” he says. crazy.” But he, too, has seen his months. “People started finding me late last business – Sand Highway RV in Sun At Neff Brothers RV in Lorain, year, and now business has picked up City, AZ – go from zero to 60 in the OH, half of the renters are repeat dramatically.” He posts his business on past few months. When his units customers. “Some go on to buy an RV Craigslist and has gotten inquiries quickly booked up this spring and he of their own, but half of our clients from potential customers as far away found himself turning down caller rent once or twice a year because they as Russia. after caller, he ordered three new units don’t want the hassles of insurance, Weed says his location and for his fleet, including two toy haulers prepping, storage, and so on,” says business plan are the perfect combina- for sand duners who bring their ATVs Ralph Neff. “It’s the ease-of-use factor tion. He’s within easy reach of popular to the nearby desert. for them.” Florida parks, and he delivers and sets “I’m definitely in an expansion Neff is planning to add more up the travel trailers so that “all the mode,” McCoskey says. “It’s been a bit trailers to his fleet and offer long-term clients have to do is show up and start of a gamble, but it sure seems like rentals to insurance companies and camping.” we’re going to have the business to other businesses for corporate use. Almost all of his renters are first- support it.” Arizona’s year-round “We see that as a growth area for us,” time campers, families who want to season is a natural fit with renting he says. n Worried About the Tin Can Maneuver? One of dealers’ biggest concerns about getting into the rental business is that customers might trash the units. “Dealers don’t want to deal with the breakdowns or the repairs, or think about what could happen when a first-timer is backing up the unit or doing a tin can number where they take the roof off going under a bridge,” says Thad Weed of Valet RV Rental in Loganville, GA. But that fear may be overblown, says Gary McCoskey of Sand Highway RV in Sun City, AZ. “A lot has to do with the security deposit. When renters have $1,000 on the line that they won’t get back if they damage the unit, that changes their attitude. And by renting out nicer, newer units, we find people tend to take better care of them.” JUNE 2014 19
Time’s Running Out to Apply for College Scholarship APPLICATIONS ARE DUE NOW! D ealership employees and their dependents who are college undergradu- cant’s prior experience working in the RV industry or desire to do so after Family. The Kindlunds founded Holiday RV Superstores, the first For more information on the Learning Center, go to www.rvlearningcenter.com, ates majoring in an RV college will be taken into publicly-traded RV dealer- e-mail info@rvda.org, or fax industry-related subject such consideration when ship. Newt Kindlund (703) 359-0152. The Learning as business, finance, or awarding the scholarship. remains active in the RV Center is a tax-exempt organ- accounting are eligible for a Dealers can download a industry and currently serves ization, and contributions may $2,500 scholarship given free, full-color poster adver- on the Learning Center’s be tax-deductible as charitable annually by the Mike tising the scholarship (see board of directors. donations. n Molino RV Learning opposite page) and display it Center’s scholarship throughout the dealership to program. alert employees to the How Much is That Applicants must be opportunity. The posters and rising sophomores, juniors or application forms are avail- College Degree Worth? seniors at an accredited four- able on the Learning year school and meet certain academic standards. They Center’s website, www.rvlearningcenter.com. G etting a college education has never made more finan- cial sense, in spite of the recent spate of media reports about the cost. According to a recent study from an MIT must submit an application The scholarship economist, not going to college could actually set you back form and a short essay on program is possible through by as much as $500,000 – the inflation-adjusted lifetime their goals and objectives for the generosity of the Newt earnings gap between high school graduates and college attending college. An appli- and Joanne Kindlund graduates. That traditional pay gap continued to widen even during the country’s sluggish economic recovery. College grads made 98 percent more per hour on average last year than people without a degree – a new high. And you don’t have to graduate from an elite school to get the economic benefits, according to new data from the Department of Labor’s Economic Policy Institute. What matters is that you have a four-year degree. In general, the higher your level of education, the better your chance of being employed and earning more. n EARNINGS AND UNEMPLOYMENT RATES BY EDUCATIONAL ATTAINMENT 20 RV EXECUTIVE TODAY
Need Money for College? College Scholarships Available from the Mike Molino RV Learning Center More information and an application available at www.rvlearningcenter.com The Mike Molino RV Learning Center is a tax exempt organization as described in section 501(c)(3) of the Internal Revenue Code. Contributions may be tax deductible as charitable donations. The scholarship program is made possible through the generosity of the Newt and Joanne Kindlund Family.
2 0 1 4 R V D E A L E R S I N T E R N AT I O N A L C O N V E N T I O N / E X P O YOU ASKED FOR IT - YOU’VE GOT IT! NEW DATES: Nov. 10-14 • NEW LOCATION: Bally’s on the Las Vegas Strip members said they The Young RV Executives program, RVDA wanted a convention EARLY BIRD FULL REGISTRATION RATE with events specifically focused on the location on the Las Vegas Strip needs of younger executives and new and later dates so they could SAVE managers, returns for a second year. bring more employees. Well, we $599 for first dealership 30%! heard you! The 2014 RV Dealers registrant International Convention/Expo will $499 per each additional Make the 2014 RV Dealers International be in the center of the action – Bally’s on registrant Convention/Expo your destination for: the Las Vegas Strip – and take place a full • A rich learning experience bringing month later than previous years. together approximately 60 educational If you’ve registered for the convention Between our new, central location and sessions on subjects driving your dealership and want to bring employees to attend more convenient dates, this is the year to today just the Vendor Training +Plus program, participate in the premier annual you can register them for that program • A new education track dedicated to networking event for RV dealers. for $195 per person. The Vendor social media and Internet-based marketing And flexible registration rates Training +Plus badge will also give the combined with early bird discounts make • Business opportunities in the expo, holder access to the expo and the it possible for more of your staff to share where dealers can meet more than 100 opening reception on Tuesday, Nov. 11. in this learning opportunity. RVDA dealer members only – manufacturers, vendors, and suppliers Education is the passport to better- expires 6/30/14 • Mike Molino RV Learning Center’s managed, more productive dealerships, shorter, streamlined workshops for and this year’s dealers/GMs, service writers/advisors, VENDOR TRAINING + Plus convention offers something for marketing and sales staff, parts and service managers, and everyone. Vendor Training +Plus rental operators sessions will give you and your staff valuable face time with • Partners in Progress dealer/manufacturer meetings, now vendors and business partners and are included in your full spread out from Monday through Thursday so registration. They’re also available at a special dealers can attend more workshops low rate for employees who can only spend a day or two away from the dealership. FOR MORE INFO VISIT • Social events and networking opportunities V WWW.RVDA.ORG/CONVENTION AND REGISTER TODAY! Presented by: The Mike Molino Follow the conversation on: 22
DEALER REGISTRATION FORM 1. Registration Information. Please copy this form if adding registrants. Company Name_______________________________________________________ Phone ____________________________ Fax ______________________________ Address ____________________________________________________________ City______________________________ State/Prov________ Zip/PC____________ Email ______________________________________________________________ Nov. 10-14, 2014 2. Registration Fees: BEST Bally’s on the Las Vegas Strip VALUE! First registrant locks in today’s lowest rate for all future dealership personnel! Early Bird Advanced Late Amount by 6/30 by 8/29 First Registrant – includes Vendor Training +Plus, a $195 value! $599 $659 $879 $ Registrant Name ____________________________________________ Email ______________________________________________ Badge First Name ___________________________________________ Please check here if you require special accommodations. Second Registrant – includes Vendor Training +Plus, a $195 value! $499 $599 $879 $ Registrant Name ____________________________________________ Email ______________________________________________ Badge First Name ___________________________________________ Please check here if you require special accommodations. Third Registrant – includes Vendor Training +Plus, a $195 value! $499 $599 $879 $ Registrant Name ____________________________________________ Email ______________________________________________ Badge First Name ___________________________________________ Please check here if you require special accommodations. Fourth Registrant – includes Vendor Training +Plus, a $195 value! $499 $599 $879 $ Registrant Name ____________________________________________ Email ______________________________________________ Badge First Name ___________________________________________ Please check here if you require special accommodations. I would like to add a contribution to the Mike Molino RV Learning Center to promote education for our industry.* $ Dealership must have one full convention registrant to bring additional employees JUST for Vendor Training +Plus. VENDOR TRAINING + Plus ONLY The cost is $195 per person and includes Vendor Training +Plus training on Monday, Nov. 10 and Tuesday, Nov. 11, and Tuesday’s reception in the Expo. Photocopy this form to add more registrants for Vendor Training +Plus. Name _________________________________ Badge First Name __________________ Email _____________________ $ V _________________________________ Badge First Name __________________ Email _____________________ Name $ 3. Payment Information: TOTAL $ Full Amount or Easy Pay (credit card only: 3 equal installments will Check enclosed be charged to your credit card, first on date received, then at 30 and 60 days). Charge my: VISA MasterCard Amex Discover If neither box is checked you will be charged the full amount in one payment. Name on Card _________________________________ Card #___________________________ Expires ________ Security Code _______ Billing Address _________________________________ City ____________________________ State/Prov _____ Zip/PC ____________ MAIL OR FAX A COPY OF THIS FORM TO: RVDA of America, 3930 University Drive, Fairfax, VA 22030-2515 • (703) 591-7130 • Fax: (703) 359-0152 • www.rvda.org RVDA of Canada, 204-6411 Buswell St, Richmond, BC V6Y 2G5 • (604) 718-6325 • Fax: (604) 204-0154 • www.rvda.ca CANCELLATION / REFUND POLICY: All cancellations must be in writing and received by August 31, 2014, to qualify for a refund. A $30 administrative fee will be deducted from each refund request received by July 31, 2014. A $100 administrative fee will be deducted from each refund request received between August 1, 2014 and August 31, 2014. No refunds will be made after August 31, 2014. *The Mike Molino RV Learning Center is a tax-exempt organization as described in section 501(c)(3) of the Internal Revenue Code. Contributions may be tax deductible as charitable donations. 23
GO RVING PROMOTES RV TRAVEL THROUGH SPRING FEVER SWEEPSTAKES ON OUTDOOR CHANNEL Edited by RVDA Staff F or the third consecutive year, Go RVing partnered with the Outdoor Channel to various social media platforms. The Spring Fever Sweepstakes received support co-sponsor the network’s both on-air and online with popular Spring Fever four custom vignettes that Sweepstakes. feature Outdoor Channel The sweepstakes kicked personalities talking about the off on April 1 and offered the appeal of RVs for outdoor grand prize winner the choice enthusiasts. The Outdoor of either a Lance 825 truck Channel also promotes the camper or a Lance 1575 travel benefits of RV travel through trailer. Lance Camper outdoorchannel.com, a custom Manufacturing Corp. was Spring Fever Sweepstakes selected in a lottery among In addition to completing new element to this year’s microsite, targeted emails, and RVIA members to provide the the online entry form for the promotion. Entrants uploaded the network’s social media sweepstakes prize vehicle. Spring Fever Sweepstakes, photos depicting “My favorite outlets, including a Go RVing There were also outdoor- participants could gain an getaway” with a brief descrip- co-branded trip itinerary themed daily prizes awarded additional entry by taking part tion and were encouraged to widget. n during the sweepstakes. in a photo contest that was a share the photo and story on IN THE NEWS: Reorganized CalRVDA Holds Annual Conference CalRVDA members met on April 30 for their first annual conference in several years. Guest speakers included Bill Brennan of the California New Motor Vehicle Board, RVIA President Richard Coon, and RVDA President Phil Ingrassia. CalRVDA President Ernie Friesen and new executive director Terry McHale also addressed the group and discussed CalRVDA’s work to advance the RV industry in California. The group also honored recent past presidents Troy Padgett, Joey Shields, and Darrel Friesen. From left: Phil Ingrassia, Troy Padgett, Joey Shields, Darrel Friesen, and Ernie Friesen 24 RV EXECUTIVE TODAY
Get on board with Go RVing! Return this form TODAY! Name: ______________________________________________________________________ Please enroll _____ dealership(s) at $225 each. Company: __________________________________________________________________ Make checks payable to RVDA. q Check here for leads delivered by U.S. mail. Address: ____________________________________________________________________ Credit card (circle): VISA MC DISCOVER AMEX City: __________________________________________State: _____ Zip:____________ Credit card #: ___________________________________________ Exp. date: ________ Phone: ___________________________________ Fax:______________________________ Cardholder: ________________________________________Security code: ________ Email: ______________________________________________________________________ Signature: __________________________________________________________________ Dealer website: ____________________________________________________________ Fax to (703) 359-0152, or mail to RVDA, 3930 University Dr., Fairfax, VA, 22030. For more information, visit www.rvda.org or send an email to info@rvda.org
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Online Training with FRVTA’s DISTANCE LEARNING NETWORK FRVTA – The Mike Molino RV Learning tion sections. Also included are manufacturer- and supplier-specific advanced repair and troubleshooting Center Partnership classes designed to upgrade technicians’ skills. $995 per year for each dealership location. Completion of these classes qualifies for recerti- Over 50 sessions available, 24 hours a fication hours. Classes are available 24/7 day, seven days a week, with full access throughout the program year, providing to training through July 31, 2014. maximum flexibility. The DLN offers your dealership: • Service Writers/Advisors – This • Onsite training three-hour program is valuable for both • Group training new staff and experienced personnel • No travel time or expenses preparing for the RV Learning Center’s • Self-determined pace Service Writer/Advisor certification. • One fixed price of $995 for the subscription term • Greeters/Receptionists – This 50-minute session is suitable for all employees who need The DLN offers online training for: customer service skills. It includes a final exam and certificate of completion. • RV Technicians – The certification prep course helps technicians get ready for the certification exam. • Dealers/GMs – This program features important Your subscription includes unlimited access to more topics for management, including lemon laws, LP gas than 50 training sessions, reviews, and test prepara- licensing issues, and the federal Red Flags Rule. DEALERSHIP REGISTRATION Company Name: ____________________________________________________________________________________________ Address: ____________________________________________ City:________________________ State: ____ Zip: __________ Phone: ______________________________________________ Fax: __________________________________________________ Mentor Name: ________________________________________________________ Phone: ______________________________ E-mail (at dealership) : __________________________________________________ Fax: ________________________________ **High speed Internet access required. RVIA service textbooks not included** _____ location(s) at $995 each = payment due: $__________________ (select payment method below) PAYMENT METHOD Note: prices are subject to change without notice. Complete lower section and mail or fax to: Florida RV Trade Association, 10510 Gibsonton Drive, Riverview, FL 33578, (813) 741-0488, Fax: (813) 741-0688 q PAY BY CHECK OR MONEY ORDER q PAY BY VISA OR MASTERCARD Name on Credit Card: ______________________________________________________________________________________ Card Number:__________________________________________________ Security Code: _________ Expires: ____________ Card Billing Address: ________________________________ City:________________________ State: ____ Zip: __________ Card Holder Signature: ______________________________________________________________________________________ 11/2013 For more information, call (386) 754-4285 or go to https://www.fgc.edu/academics/occupational-programs/rv-institute/ JUNE 2014 27
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