T18skyguy wrote:
Now might be a good time to look for that deal. Some key takeaways:
What drove the industry's good fortune was consumer confidence, cheap financing, affordable fuel, and a new found "hip factor". That's gone now. Rising interest rates, and steel and aluminum tariff's have kicked in. RV shipments rose till May, but by September, down 30% year over year. Thor has lost two thirds it value, and Winnebago lost 57%. Camping World lost 3/4 it's value. Thor showed a 21.3% drop in revenue and an 83.2 drop in pre-tax profit. The previous record sales spike consisted more of cheap towables, more than motorhomes. Another worry is the"glamping", a trend which brought many younger people in, could fade with changing sensibilities or financial priorities.
My take on this is it's Bad news across the board for RVs. But I think for the NEW sales market it's worse than for the USED market. Since New RV's are going up used RV prices remain stable or can go up, because now more people will look at Used before they look at New. JMHO
