Why did national RV go out of business?
Because of the inability to sufficiently fund its obligations and operations adds financial challenges. On November 30, Calif-based national RV Holdings announced on Friday that this company is facing bankruptcy. On Friday morning all the RV holding operations were closed down and it also result in laid off of 600 employees at its Perris headquarters. In the official statement, they said that the company is facing financial challenges and is unable to operate all these sufficient funds and obligations.
We are not happy to let go of our brilliant employees, especially at the time of holidays. We are disheartened more because national motor homes are now becoming a better choice among customers. The CEO Dave Humphreys said that “after checking all the options we have identified that getting protection in bankruptcy is in the Best interests of shareholders and creditors”. The company was losing money every year since 2002.
The company's stock fell below trading thresholds that's why the national RV companies were closed. According to a financial report released in August, sales were 42%down in most recent times.
An RV industry analyst said that it’s very unfortunate that another company would not want to buy a national RV. He further said that there is a chance that another company would like to buy some specific brands of RVs but at the end of the day it's too much of a liability to buy the whole company. She also said that the news of this company’s closing was not surprising because she was saying for almost four years that if a company can just go out of business it's only national RV. For them, it’s a cash flow issue Thompson further said. As the company is not providing new models of national RV but you can get the old models from RV dealers in your area as many people are interested in resale their old models. For that, you can contact Southaven RV dealers in Mississippi to get one for yourself.
If nobody would want to buy orphan RVs then the market would have been narrower than it is today. RV experts come and go on a regular basis. A large percentage of an RV has all the major functions that come from third parties and remain available. RV manufacturers never stock all the spare parts if the production is closed, so there is no difference between the outdated or orphan models of a current brand name. Most items that will be missed in these types of recreational vehicles are rear and front caps some custom-made circuit boards wiring harnesses or dashboard functions. Whenever a manufacturer disappears there is a huge impact that gets on the price of that model.
Most people would also want to buy these models as all these models provide good value for the money that you are going to pay. During national recreational vehicle times, this model also has a very good reputation at that time and mostly the customers were very happy and loyal. That’s why people still want to buy this model for less money by getting full enjoyment. There is a risk in buying used RVs for your adventure as there are some problems that need to get fixed. But if you buy from a trusted source then this is a good choice to make.
History
This recreational vehicle was built with America’s most favorite choice of customers for more than 40 years. In 1964 national RV grew as a tomb and operation from humble beginnings and it becomes one of America’s largest RV builders. The national RV success was built on a tradition of innovation and quality. But today a decade after the last national RV rolled off the line there are even thousands of families that are enjoying national RV gasoline and diesel motor homes having fifth wheels.
First-time national RV trailers were made in 1971 by the national RV of California and Paris and then became a prominent name in the RV market. At the time of bankruptcy, national RV was the 9th largest manufacturer of Class A RV’s in the country which was distributing 1500 RV’s annually through 75 dealer locations in Canada and the United States.
Our company is dealing with different types of RV’s according to customer’s choice. RV dealer Tennessee can help you in finding the best RV of your choice. You can also contact us if you want to buy a used RV as we also deal in used RVs for sale.