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Old 11-20-2008, 12:13 PM   #15
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Bigfoot is not alone

I've been keeping track all year. Bigfoot is the ninth independent RV manufacturer to close or go into Chapter 11 bankruptcy so far in 2008. I list the other eight in this blog entry:

Man In The Maze Blog Archive It’s the end of the mall as we know it

Essentially, any manufacturer who is entirely dependent on bank credit is in severe danger, as the Bigfoot story demonstrates. Those with cash in the bank are much better positioned. The good news is that Airstream's parent company, Thor, reportedly has $189 million in cash and no debt, so while things are grim for many dealers and manufacturers, we can expect Airstream will weather the storm.

I expect that the smart and aggressive dealers will also be fine, and will take market share from the ones who have shut down or retrenched.

Former full-timer | AIRSTREAM LIFE magazine | Tour of America (old blog) | Man In The Maze (current blog)

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Old 11-20-2008, 12:20 PM   #16
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Sorry to see that Bigfoot has gone belly up. When I decided to go fulltime I was between the Airstream 20' Safari/SE and Bigfoot 21' and ended up choosing the Airstream which has been a constant stream of irritating problems from the day I got it. As for Thor having 189 million bucks, from the figures that are being tossed around at the moment to bail out this, that and the other that's little more than pocket change!

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Old 07-30-2009, 10:04 AM   #17
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I'm located near New Orleans and our local RV dealers are doing OK. They all got the "Katrina Effect". This is when a lot of locals use the RV not just for fun but also as an escape pod when the storms come. Right now they are doing a good business getting the RV's in shape for a posible run to cover.
Also, our economy did not run wild in the last few years. No big UP so there is no big DOWN.

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