SJ-Chris
San Jose, Ca
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Joined: 09/24/2017
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way2roll wrote:BB_TX wrote:Shipments are down because there is no place to put them. RV dealer lots are packed to the brim with new units waiting for potential customers.
Deliveries to dealers was way up but the buyers are not responding with purchases. Gas is way up. And diesel running $1.75 to $2.00 more than gas is certainly not helping with the larger MHs and towable RVs.
Add to that - interest rates are historically high. That has a tendency to bring big purchases to a grinding halt.
While Covid was the perfect recipe for huge demand on RV's, now you have the perfect storm to swing the opposite direction.
For the last ~12 years, interest rates have been at/near historic lows. Interest rates are high now relative to the last 12 years. But interest rates are nowhere near historic highs. Let's hope they don't go up too much further.
-Chris
San Jose, CA
Own two 2015 Thor Majestic 28a Class C RVs
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magicbus
Nantucket Island, MA
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Joined: 06/16/2002
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1980’s… I was building a house. Construction loan @ 21%. Final loan @17%. The payment fit my income so it worked for me. It’s all relative (to something, not sure what ![[emoticon]](https://forums.goodsamclub.com/sharedcontent/cfb/images/grin.gif "grin") ).
Dave
Current: 2018 Winnebago Era A
Previous: Selene 49 Trawler
Previous: Country Coach Allure 36
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propchef
NORCAL
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Joined: 10/02/2020
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No one should be the least bit surprised, since we're looking at this in relation to record sales. This drop has been predicted for nearly a year, before the recent gas price increases (now dropping) or a rise in interest rates (still far below "historic" highs).
Employment is still at historical highs and demand for consumer goods remains robust. The retail industry predicts a record holiday season.
The sky still isn't falling.
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Grit dog
Black Diamond, WA
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Joined: 05/06/2013
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^ 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.
2016 Ram 2500, MotorOps.ca EFIlive tuned, 5” turbo back, 6" lift on 37s
2017 Heartland Torque T29 - Sold.
Couple of Arctic Fox TCs - Sold
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NamMedevac 70
Reno
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Joined: 11/09/2020
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Simple answer for empty heads is rampant inflation for past year. Worse than the 70s by far. Inflated salaries cannot keep up with rampant price increases on most everything. Financial news says value of 401Ks has shrunk due to this. Thank you, JB Scotch, for this.
* This post was
edited 11/25/22 10:18pm by NamMedevac 70 *
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Chum lee
Albuquerque, NM
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Joined: 08/03/2015
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No news here. (or rocket science) In my entire lifetime, (now approaching 70 years) every time the price of fuel spikes or the availability becomes questionable, the sale and value of fuel guzzlers plummets. I don't need industry experts to tell me that. Eventually the market always adjusts. The question is . . . when, . . . , and, . . . can you wait it out?
Chum lee
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theoldwizard1
SE MI
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Joined: 09/07/2010
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pianotuna wrote:TurnThePage wrote: Build quality is in the toilet. Hopefully these latest units will be a little better.
Quality control and RV should not be mentioned in the same sentence.
Truth !
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restlessways
Limbo
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Joined: 04/04/2012
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I own a private campsite where I use my 5th wheel in the summer. I don't leave it there, but rather haul it to a storage unit before heading back to my winter house. I usually stay at an RV Resort for a week or two while I winterize it, empty it out, etc. The last couple years the RV Resort was packed to the gills. This year, it was like a ghost town. It was emptier than I've ever seen it in the last 10 years.
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restlessways
Limbo
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SJ-Chris wrote:
For the last ~12 years, interest rates have been at/near historic lows. Interest rates are high now relative to the last 12 years. But interest rates are nowhere near historic highs. Let's hope they don't go up too much further.
-Chris
Why would we hope that? Inflation is tearing the entire economy a new rectum. To stop raising rates would be to say "gee, let's just destroy the currency and the country by way of hyperinflation." Not a good thing to hope for.
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restlessways
Limbo
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Chum lee wrote:No news here. (or rocket science) In my entire lifetime, (now approaching 70 years) every time the price of fuel spikes or the availability becomes questionable, the sale and value of fuel guzzlers plummets. I don't need industry experts to tell me that. Eventually the market always adjusts. The question is . . . when, . . . , and, . . . can you wait it out?
Chum lee
I think the used, older big Class A motorhome sales are really getting hammered. Same with older fuel guzzling boats like early model trawlers with twin diesels.
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