THOR INDUSTRIES FULL

According to Thor Industries, the company chooses good brands to make the choice that much easier for customers. Thor Industries is a conglomerate RV brand that owns a number of different brands. вЂњOnce again, our teams have demonstrated ThorвЂ™s resilience and ability to manage through uncertainty.вЂќ Bob Martin | Thor Industries RV President and CEO What brands does Thor Industries own?

THOR INDUSTRIES FULL

RELATED: Why YouвЂ™ll Regret Living in an RV Full Time Motor coach during the pandemic | Carlos Alvarez via Getty Images The RV vacation industry definitely looks like it would shake up a bit, but no one really knew whether it would be positive or negative. At one point during the global shutdowns, Thor had to close nearly every production facility both foreign and domestic.

The company kept safety a priority through a difficult time. Thor President and CEO Bob Martin say that he is proud of the Thor Industries team. But as of July 31, 2020, the RV backlog is increased 186.4 % compared with the year before. ThatвЂ™s a 0.5 percent improvement over 2019. In 2020, Thor Industries RV sales consolidated gross profit margin for the fourth quarter was 14.9 %. RELATED: The Fact That She Built it Herself IsnвЂ™t Even the Coolest Thing About This RV 2020 Thor Industries RV sales But by how much? Classic kitchen area | Airstream This year, $1.55 billion for North American RV net sales and $739.9 million for European RV net sales mean the companyвЂ™s global success skyrocketed. This is huge for an RV business like this. With a fourth quarter showing net sales of $2.32 billion, Thor Industries RV company is gearing up for another big year in 2021. For folks looking to have an RV vacation, Thor Industries is prepared to deliver. And there is no end in sight for the success itвЂ™s seen in the 2020 fiscal year. As it stands, Thor Industries RV has a lot of work to do. So RVs that have been ordered and are in production, or RV add-ons and work orders for that vein of work are all included. What is a product backlog?ДЄ product backlog is a list of orders that havenвЂ™t been filled. According to RV News, вЂњthe company has a record backlog totaling $5.74 billion at the conclusion of its 2020 fiscal year.вЂќ Not only has the company done extremely well for 2020, but the Thor Industries RV backlog is full of orders yet to be filled. In fact, the company is doing so well that there are billions of dollars worth of backlog RV orders. The 2021 Thor Motor Coach Tellaro on display | Photo via Thor Industries Thor Industries RV company is one that is doing particularly well. Road tripping, camper trips, and RV vacations have suddenly become a huge market for people looking to travel. Social distancing and closure of many of our favorite places have encouraged many families to take to the open road.

ItвЂ™s possible youвЂ™ve already seen news showing that the RV business is booming due to the pandemic.

Thor industries