No shortage of RVs

[bgum]

From south LA to TN there is no shortage of RVs. That covers all classes.

[way2roll]

goducks10 wrote:
I'm hoping things get worse and more people want to quit RV'ing so I can finally book a site where and when I want.

They might be wishing the same when you book a site.

[goducks10]

I'm hoping things get worse and more people want to quit RV'ing so I can finally book a site where and when I want.

[John_Joey]

The economy is currently on a Nantucket sleigh ride. That wealth effect that many people felt is vanishing at a steady pace. RVING is a luxury that is getting harder and harder to justify in today’s economy for many.

This week the FED will increase interest rates again, and start shredding money via bond selling. Don’t fight the FED if you know what’s good for you.

[WinMinnie02]

Once the market adjusts deals will be available negotiate don't overpay, inflation is BS. Everyone is taking advantage of Covid and shortage hype to increase prices. Don't be surprise dealers will beg for customers/go out business, history will repeat itself.

[charlestonsouth]

Caveman -- "affordable" is subjective relative to the person buying the RV. The "high end" with more luxury options or custom RVs don't seem to be having much of a problem. But, then again, that is true most any time of the year.

[Caveman_Charlie]

bgum wrote:
From south LA to TN there is no shortage of RVs. That covers all classes.

No shortage,, but are they affordable ?? Maybe the reasons the lots are full are because people aren't willing to pay inflated prices !

[charlestonsouth]

Snowpeke, you would think!! But maybe these retirees were spending their kids' inheritance.

[snowpeke]

With gas prices I think sales would be down.

[charlestonsouth]

Ro'n'Joe -- Beach and I went to the Myrtle Beach RV Show back in October; Newmar had the sold sign on nearly all their units before we left. Newmar even had desks set up for their salesmen to complete paperwork, and there was a line, a very popular brand. I can understand why they are low on inventory and was impressed. If we had the tow vehicle for one of their fifth wheels, I would have bought it. Also, their motorhomes are high tech, such as improvements in turning radius. They have built a "better mouse trap."

[Ro_n_Joe]

Not the case with Newmar. Dealer allotments cut way back and the reason why they aren't willing to deal. Was at the factory 2wks ago and one guy got just 16% off MSRP on his Dutch Star

[winnietrey]

Maybe not, if the bank won't finance it with a secured loan on the rig (to old etc.) They may be getting an unsecured personal loan. Goggle (Bank rate) says rates could be as high 36%. Not in my wildest dreams could I imagine doing that

[valhalla360]

restlessways wrote:
A 4.99% interest rate on an RV right now would probably be the prime rate for a buyer with the highest credit score, I would imagine. I had a brief conversation last year with a financing gal at one of the largest RV dealers on the west coast. I wasn't looking for credit, but I decided to chat her up to see what kind of financing was going on, and what she told me was truly stunning. She said that people were borrowing at rates of up to 19%. Put that in your pipe and smoke it.

It may be possible they found a sucker with really bad credit and sent them to the local loan shark but 19% would be wildly out of the norm even with poor credit unless you go back to the days of Jimmy Carter.

[restlessways]

jetboater454 wrote:
Dealer near me has a lot of campers and advertise a 4.99 % interest rate. Not worth looking at that interest rate,plus they pretty firm on their prices.

A 4.99% interest rate on an RV right now would probably be the prime rate for a buyer with the highest credit score, I would imagine. I had a brief conversation last year with a financing gal at one of the largest RV dealers on the west coast. I wasn't looking for credit, but I decided to chat her up to see what kind of financing was going on, and what she told me was truly stunning. She said that people were borrowing at rates of up to 19%. Put that in your pipe and smoke it.

[jetboater454]

Dealer near me has a lot of campers and advertise a 4.99 % interest rate. Not worth looking at that interest rate,plus they pretty firm on their prices.