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
^ For sure. It absolutely appears RV sales suddenly normalized again. Not surprisingly.
But the issue is not “now”, it’s the glut of 1-2 year old RVs on the market. The sharp decrease in demand now, which will propagate further in coming months especially if fuel prices don’t drop.
There will be less, not more, RVers next year. The Rona paranoia turned a lot of non RVers into temporary RVers.
The one thing IMO that would keep the RV industry strong going forward into the immediate 12-24 months is that they are cheap housing and more people may continue to opt for that option.
If the rest of the economy stays strong, great. But I’ll hazard a guess here that no one else has seen the effects on the economy due to the global mess the last 3 years. Of course the effects are similar but the cause and now the continued effects are VERY different.
Having been shopping for a new ish work truck the last complete months, I can say the number of “selling the toys”, “downsizing” adds far outweigh the “bought a newer better bigger truck” adds.
To say the economy hasn’t affected many people is accurate. However we all know the general financial stupidity of people. There are plenty who are under water and don’t know or don’t care.
But the issue is not “now”, it’s the glut of 1-2 year old RVs on the market. The sharp decrease in demand now, which will propagate further in coming months especially if fuel prices don’t drop.
There will be less, not more, RVers next year. The Rona paranoia turned a lot of non RVers into temporary RVers.
The one thing IMO that would keep the RV industry strong going forward into the immediate 12-24 months is that they are cheap housing and more people may continue to opt for that option.
If the rest of the economy stays strong, great. But I’ll hazard a guess here that no one else has seen the effects on the economy due to the global mess the last 3 years. Of course the effects are similar but the cause and now the continued effects are VERY different.
Having been shopping for a new ish work truck the last complete months, I can say the number of “selling the toys”, “downsizing” adds far outweigh the “bought a newer better bigger truck” adds.
To say the economy hasn’t affected many people is accurate. However we all know the general financial stupidity of people. There are plenty who are under water and don’t know or don’t care.
