Goodnight Irene, the party's over.
Decline in RV shipments over the last 4 months. July -33.4% August -36.0% September -48.5% October -43.7% That's a 40.4% overall decline over 4 months. FAIRFAX, Va. –...
Forum Discussion
way2roll wrote:BB_TX wrote:
Shipments are down because there is no place to put them. RV dealer lots are packed to the brim with new units waiting for potential customers.
Deliveries to dealers was way up but the buyers are not responding with purchases. Gas is way up. And diesel running $1.75 to $2.00 more than gas is certainly not helping with the larger MHs and towable RVs.
Add to that - interest rates are historically high. That has a tendency to bring big purchases to a grinding halt.
While Covid was the perfect recipe for huge demand on RV's, now you have the perfect storm to swing the opposite direction.
For the last ~12 years, interest rates have been at/near historic lows. Interest rates are high now relative to the last 12 years. But interest rates are nowhere near historic highs. Let's hope they don't go up too much further.
-Chris
