Chew on this.
ELKHART COUNTY, Ind. - As the recreational vehicle industry approaches the end of 2022, the nation’s economic malaise and spiking interest rates have caused buyers to tap the brakes on purchasing an R...
Forum Discussion
monkey44 wrote:
One thing I notice in the article cited ... it talks about built and shipped, but not much about actual sales to consumers. Just because a manufacturer builds one and ships one does not mean a dealer sold one. Sold is the criteria, not when it sits on a dealer lot, waiting for a customer.
We are beginning to see a long-term recovery in both RV and truck sales, but that will also depend on interest rate dropping for those that finance and not cash-buyers. I'd expect the market depends more on financed buyers than cash purchases to remain viable to dealers. Dealers get the bucks either way, but the market is probably much less dependent on cash sales, especially with interest up and sale prices high.
Where are numbers that reflect actual sales to consumers found? Anytime you read about sales in the RV Industry its backed up by the RVIA provided shipment numbers, and has been for 20 years or longer.
RetiredRealtorRick wrote:
Hmmmmm, very interesting.
Am I wrong, or did we read not all that long ago that Thor was completely sold out of their 2023 production? :h
They were, or are, until they're not ROFLMAO. Sounds good to the shareholders though.
That couple of hundred bucks that folks had laying around they used for the 120 month RV loan, is now being eaten up by groceries, energy costs, and increasing minimum payments/interest on their credit cards.
I filled in the missing info the RVIA wont add until they absolutely have to LOL.
