Thor Announces Record Sales for Second Quarter, 6 Months

    JACKSON CENTER, Ohio, Feb. 4 -- Thor Industries,
Inc. announced today record preliminary sales for the second
quarter and six months ended January 31, 2003.
    Sales in the quarter were $329.6 million, up 23% from $267.9 million last
year.  RV sales in the quarter were $275.7 million, up 37% from $201.4 million
last year.  Bus sales in the quarter were $53.9 million, down 19% from
$66.5 million last year.
    Sales in the 6 months were $735.9 million, up 54% from $476.4 million last
year.  RV sales in the 6 months were $627.9 million, up 91% from
$328.3 million last year.  Bus sales in the 6 months were $108.0 million, down
27% from $148.1 million last year.
    RV backlog on January 31, 2003, was $181 million, up 41% from $128 million
last year.  Bus backlog was down 21%, to $92 million from $117 million last
year.  Complete results are expected to be announced in approximately 4 weeks.
    Recreation vehicle industry shipments were up 21% in December and were up
21% in 2002 over 2001, according to RVIA.  Travel trailers and Class C motor
homes, Thor's largest product categories, were up 25% and 36% respectively for
the year.
    Thor is the largest unit manufacturer of recreation vehicles and the
largest builder of mid-size buses.

    This release includes "forward-looking statements" that involve
uncertainties and risks.  There can be no assurance that actual results will
not differ from the Company's expectations.  Factors which could cause
materially different results include, among others, the success of new product
introductions, the pace of acquisitions and cost structure improvements,
competitive and general economic conditions, and the other risks set forth in
the Company's filings with the Securities and Exchange Commission.