Recreational Vehicle Sales Rise as New Buyers Take to the Highway

The recreation-vehicle maker reported a backlog valued at $5.74 billion, compared with roughly $2 billion a year earlier.



Photo:

joshua lott/Reuters

Thor Industries Inc.,

a large recreational-vehicle maker, finished its latest fiscal year in July with a record-high backlog of orders as the coronavirus pandemic led first-time buyers to shop for RVs.

Elkhart, Ind.-based Thor reported a backlog valued at $5.74 billion, compared with roughly $2 billion a year earlier. That included $2.76 billion of orders for towable RVs in North America. Thor also said dealer inventories finished July at historically low levels.

Thor Chief Executive Bob Martin said he has seen the pandemic draw a new cohort of younger enthusiasts to the world of RVs, as people search for ways to travel while keeping their distance from others.

The company echoed an industry outlook for further growth to come, citing a forecast

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Check Out Hyundai’s Wild New Mid-Engine Sports Car



a car driving on a road: The automaker says the RM20e prototype shows the next-Generation N performance


© Hyundai
The automaker says the RM20e prototype shows the next-Generation N performance

Hyundai dropped its RM20e Racing Midship Sports Car at the Beijing International Automotive Exhibition 2020. RM refers to the N prototype’s “Racing Midship” rear-drive, midship powertrain configuration the company says is designed to yield ideal handling, balance and agility.



a car parked on the side of a road: The Electric Hyundai RM20e in profile.


© Hyundai
The Electric Hyundai RM20e in profile.

The car looks Velosteresque but Hyundai calls the RM platform a “rolling lab” for testing high performance tech and the RM20e’s electric powertrain — a mid-mounted 800-volt motor linked to a 60-kWh lithium-ion battery pack — cranks out 810 hp and 708 lb.-ft, good enough for an expected sub three second 0-62 mph time.

Gallery: 7 Electric SUVs and Crossovers Worth Waiting For (Autoweek)

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