Thor Industries Offers Financing For RV Customers

JACKSON CENTER, Ohio (AP) — Thor Industries Inc. said Tuesday that it has launched a financing program for recreational vehicle customers at its dealerships.

Thor Industries is the world's largest manufacturer of recreational vehicles and a major builder of commercial business. But the RV makers like Thor have been hit hard as consumers have put off sales of the discretionary vehicles during the downturn in the economy and credit crunch. Several companies in the sector have sought bankruptcy protection in recent months.

The new program, known as Thor Credit, will be available in eight states. The company said it will expand it beyond those areas in the future.

Customers can use the program to finance their purchase of new Thor RV products or any used products at its dealers.

Shares of Thor rose 84 cents, or nearly 4 percent, to $22.52 in afternoon trading Tuesday.