Top RV News: AUG 13, 2024
US Wholesale Inflation Cooled in July; Rate Cuts Next?
WASHINGTON — Wholesale price increases in the United States eased in July, suggesting that inflation pressures are further cooling as the Federal Reserve moves closer to cutting interest rates, likely beginning next month, according to an Associated Press report.
The Labor Department reported Tuesday that its producer price index — which tracks inflation before it reaches consumers — rose 0.1% from June to July. That was down from a 0.2% rise a month earlier. And compared with a year earlier, prices were up 2.2% in July. That was the smallest such rise since March and was down from a 2.7% year-over-year increase in June.
The July wholesale figures reflect a broad and steady slowdown in price increases, which peaked at a four-decade high in mid-2022 but are now moving toward the Fed’s 2% inflation target. On Wednesday, the Labor Department will release the most well-known inflation measure, the consumer price index.
‘Truck Camper Magazine’ Showcases nuCamp Technology
nuCamp RV has rocketed its technology to the next level and brought fully automated lamination in-house. nuCamp now has some of the most advanced technology we’ve ever seen in a camper factory. The impact is nothing less than a sea change.
This past June, we visited the nuCamp RV headquarters in Sugarcreek, Ohio. This was our sixth time visiting the company since they launched the Cirrus line of truck campers in 2015. During each of those visits, we saw factory and manufacturing improvements and evolutions, but nothing like what we saw this year.
When we first walked the Cirrus production line in 2015, they were sourcing their exterior wall laminations from an outside vendor. This was fantastic for efficiency as the camper walls were shipped to nuCamp ready to go. After installing the windows and decals, the walls were sent to the production line and fastened to units.
The downsides to this approach are cost and control. An outside vendor requires a markup for profitability, and they are in control of production scheduling and quality. Nearly every camper company that works with outside vendors would rather bring production in-house, especially during economic peaks and valleys.
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It should be no surprise that nuCamp has now brought their exterior wall laminations in-house. And they didn’t just purchase the ubiquitous hot melt applicator and pinch roll lamination machine. nuCamp has invested millions into state-of-the-art Morbidelli machining centers, a C.R. Onsrud CNC machine, and Edge Automation motorized NORD Drivesystems, and more. We’re talking about a major technological sea change at nuCamp, and it was on display everywhere in the plant.
Lazydays Schedules Release of Second Quarter Results
TAMPA, Fla. – Lazydays Holdings, Inc. (NasdaqCM: GORV) will announce its second quarter 2024 financial results no later than before the market opens on Aug. 16. A conference call to discuss the results is scheduled for the same day at 8:30 a.m. Eastern Time.
The conference call may be accessed by telephone at 877-407-8029 / +1 201-689-8029. To listen live on the Lazydays website or for replay, visit www.lazydays.com/investor-relations.
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