FYI Spartan Chassis aka The Shyft Group 2Q sales decline

[Joe Hogan]

2Q Sales decline at Spartan chassis

The Shyft Group Reports Drop in Q2 Sales, Revenue - RV PRO

The Shyft Group, which builds Spartan chassis for the RV market and others to fit other types of specialty vehicles, reported second quarter sales of $225.1 million, a drop of $7.1 million from the $232.2 million recorded in the second quarter of 2022. It reported adjusted net income of $8.7…

rv-pro.com

 

[Kevin D Pem]

Keep your pants on, all things being reported say the roads are deteriorating.

 

[Joe Hogan]

Comparisons are difficult because of the abnormal run up in delivery over the last few years. But a trend of declining sales across the RV industry is interesting to watch.
I’ve been watching the Boom. and Bust cycle of the RV industry and Power Sports for 30 years. Most of the cycles can be directly linked to Monetary and Government actions.
inflate housing prices/values and lower interest rates, you will see a boom in many industries including RV and power sports using Equity loans.
Raise fuel prices, interest rates and lower housing values= bust.
Interesting to watch…

 

[Kevin D Pem]

Comparisons are difficult because of the abnormal run up in delivery over the last few years. But a tread of declining sales across the RV industry is interesting to watch.

So did they ramp up with hours or equipment!! That will tell you if this means trouble for them. Of course, we are looking at a rubix cube, not a coin, many sides and combinations to consider.