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notsobigjoe's avatar
notsobigjoe
Nomad III
Jul 23, 2022

We knew it was coming...

https://www.zerohedge.com/economics/all-sudden-it-came-halt-after-posting-fresh-records-just-months-earlier-rv-industry

45 Replies

  • 2112's avatar
    2112
    Explorer II
    WOW, read the comments, or shall I say comics at the bottom of that article. Not many RV lovers in that crowd
  • Don't be fooled by a plant closing. Sales are still about a third higher than before Covid.

    In my area inflation and high gas prices have barely made any difference. Traffic is as bad as ever. Home prices are also a third higher than before Covid and have not dropped at all even with much higher mortgage rates.
  • I all truthfulness we need an adjustment in pricing. A small teardrop camper that sold for $8-9,000 is now selling for $22,000. Houses are now selling at more than double their previous price. Even if salaries had doubled those prices can not be sustained. Don't blame it on the price of oil. Capitalism making a buck by speculation.
  • And its going to be a lot worse than what they're predicting. The RV Industry always paints the rosiest of pictures.

    The Fed is most likely to do at least a 0.75 hike next week. Next to fall off the cliff are home sales/prices and new vehicle sales.