Top RV News: DEC 27, 2024

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Firefly Integrations Hosts Jan. 7 Training Academy in Denver

MIDDELBURY, Ind. — Firefly Integrations will host a Firefly Multiplex Training & Troubleshooting session on Jan. 7 in Denver, Colo., the first session of the company’s 2025 Training Academy schedule offering enhanced training programs for RV technicians across the U.S. and Canada in 2025.

Click here to register for the session in Denver.

Classes in 2025 will run for six hours, up from four hours, providing technicians with deeper insights and more hands-on practice. Participants earn six hours toward RVTI Level 3 certification, advancing their professional qualifications.

Technicians will gain an in-depth understanding of communication protocols essential to modern RV systems; learn skills to test, diagnose, and resolve system issues effectively; as well as proven methods to tackle the most common issues faced by RV owners.

‘RV Today’ Magazine Features ‘Latest & Greatest’ Trends

I can’t believe 2025 is here, but I’m actually really excited about it!

As a true ambassador for this lifestyle (even though I don’t dance on TikTok—I promise you do not want to see that), I am very passionate about the RV lifestyle and just being outdoors in general.

We launched RV Today back in 2021 to introduce the hobby/lifestyle of RVing to as many people as we can. So far, we have reached more than 1 million people, and for some, this is their first stop to find out about RVs and how to get the most out of their RV. I personally want to thank you for subscribing and reading on a regular basis.

I am also shocked by how well print has been selling year over year! It’s starting to become pretty obvious that people want to disconnect from their devices, and magazines and books are a great way to do that.

Fintech Octane Closes $125M Asset-Backed Securitization

NEW YORK — Octane (Octane Lending, Inc.), the “fintech” – a term meaning a financial firm utilizing innovative technology that the company says is revolutionizing the buying experience for major recreational purchases – announced that it has closed a $125.76 million securitization (OCTL 2024-RVM1). The notes will be collateralized by a pool of retail installment loans issued through Octane’s in-house lender, Roadrunner Financial, Inc. that are secured by new and used recreational vehicles (RVs), powerboats, and pontoon hybrids.

This is Octane’s first transaction under its new RV/Marine shelf, denoted with the “RVM” ticker. Octane has completed 14 asset-backed securitizations since launching its program in December 2019, including OCTL 2024-1, OCTL 2024-2, and OCTL 2024-3 in 2024. In the company’s last six powersports ABS transactions, RV and marine loans comprised approximately 1.35% or less of the pool.

OCTL 2024-RVM1 consists of five classes of fixed-rate notes: Class A, Class B, Class C, Class D, and Class E, which Standard & Poor’s (S&P)* rated as AAA, AA, A, BBB, and BB respectively, in a private offering pursuant to Rule 144A under the Securities Act of 1933, as amended. ATLAS SP Securities acted as lead manager and structuring agent, with Truist Securities serving as joint bookrunner, and J.P. Morgan Securities and Mizuho serving as co-managers. 

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