RV Industry Downturn

[travelingjw]

Not only a downturn for new vehicles but I predicted after the first few month of the frantic RV buying that we would see a glut of used RV's for sale once Covid ended. Take a look around, there is a lot of pretty good deals starting to show up.

[Johnynorthland]

I was mentioned on RV miles also. It’s been traveling around the RV news circuit.

[Florida Ranger]

My feeling toward the Dealers that price gouged the buyers during the Pandemic,,is it will not hurt my feelings if you suffer a little bit now. And if that means going Belly-Up so be it..They should not have price gouged buyers….

[Johnynorthland]

Originally Posted by florida ranger

my feeling toward the dealers that price gouged the buyers during the pandemic,,is it will not hurt my feelings if you suffer a little bit now. And if that means going belly-up so be it..they should not have price gouged buyers….

amen to that!

[Bill Johnson]

Originally Posted by klinner28

I've noticed here in the NE - basically NY, DE, PA area, the reservations are roughly the same as pre-covid, just by observation via booking through websites.

It's hard to get weekend spots at KOAs and nicer campsites, but there could be 1-2 sites avail if checking at the right time. There hasn't been not much difference despite the surge in RV purchases.

Right I had trouble getting a campsite last week and they are booked up for the rest of the summer. Gas by me has dropped to 3.69 and they were talking about the housing market here is booming. I guess it all depends on where you live. RV prices are going to drop to what they should be. Why should a person walk in to a dealership and fight to get 40,000 of list instead of listing them at a reasonable price to begin with. Just think of all the people that paid list or close to list and now they are so upside down they can't recover

[Florida Ranger]

My Dad would tell the gouging dealer (if he was still alive) ( I am 70 yrs old) ,,to put on your Big Boy Pantys cause you are going to need them to survive now and good luck….

[gymracer]

With what's going on now with RV sales dropping, I'm wishing I had took the offer I had a couple months for my Jayco Seneca Super C. If I'd sold it then for nearly twice what I have for it in 19. Could waited a year and get a deal on one of these 22s that will be setting on a dealers lot.

[Raines]

I keep getting the emails from a couple of big national dealers and they are advertising 35% off MSRP now. I am sure one could easily get them down to 40% off with ease. But even with the high discounts, the rvs are priced so ridiculously high , they are still considerably more expensive than 2019. For example my 2018 Redhawk 29xk msrp was $100k. I recieved 40% off and paid $60k for it. Same rv now has $155k msrp so if one recieved 40% off it would still be $93k to buy it. In 4 years price has increased over 50% . So for me those msrp numbers would have to drop, whch I seriously doubt ever will, or we enter a new broader version of % off where we start seeing 50% or 55% .

[Onyrlef]

Selling water to hurricane evacuees for 5x ordinary retail is price gouging. Selling RV's for what the market will bear is no different from you selling your house for what the market determines or selling your RV in 2020 for more than you paid for it in 2017. Water, Food, Rents are necessities, RV's, Boats, Jetski's, and the like are toys.

[kirkelli]

Originally Posted by Onyrlef

Selling water to hurricane evacuees for 5x ordinary retail is price gouging. Selling RV's for what the market will bear is no different from you selling your house for what the market determines or selling your RV in 2020 for more than you paid for it in 2017. Water, Food, Rents are necessities, RV's, Boats, Jetski's, and the like are toys.

yup - Agree

[Jaycophil]

We were at Mistletoe Ga campground last week and weekend. The lack of campers during a nice late July week was astonishing (20-30% full during the week and maybe 50% on weekend?). Would have expected full house on weekend. A good time to buy a new camper is on the horizon.

[Donzidan]

I love in my RV. So it's like my home.

[Murff]

Not only are the RV dealers saddled with a pile of new inventory but those that bought new rigs during Covid to avoid hotels, or may be selling due to high gas prices or an economic down turn and such, may be dumping thier one to three year old RVs on the market.

May be a great time to buy new or newer used rigs. However, with the crap that has been produced during Covid, I'm not sure I'd want anything built in the last two to three years. Maybe an industry slowdown might at least bring back some quality control!

Murff

[spoon059]

Originally Posted by Yooper906

I wish I had an answer or suggestions for these problems, but I'm at a loss without going political.

Personal responsibility would solve a lot of it.

[spoon059]

Originally Posted by Bill Johnson

Why should a person walk in to a dealership and fight to get 40,000 of list instead of listing them at a reasonable price to begin with. Just think of all the people that paid list or close to list and now they are so upside down they can't recover

Again, personal responsibility. During Covid my wife wanted to buy an above ground pool. A $120 pool had gone up to over $1000. If you choose to pay too much, that's your own fault.

Just like when people used their house as credit cards and thought home values would continue to skyrocket. If you choose to leverage your house so you can buy new and expensive toys, shame on you when you're left holding the bag at the end.

Repeat after me... personal responsibility. Not everyone who is suffering right now had all the same options, but a LOT of people made poor financial decisions and have to bear the cost now.

[Jerry713]

Originally Posted by spoon059

Personal responsibility would solve a lot of it.

Yes it would but that would mean doing the right thing. Something society has seemed to have forgotten. Seems it's more about keeping up with friends, neighbors and being able to show off on Facetwit.

[Onyrlef]

Simple, one size fits all, solutions to complex problems haven't historically worked out that well.

[muckinfuss]

My grandparents lived through two world wars, and a depression. My parents lived through the depression and ww2. Anyone under the age of 50 has no concept of real restraint or preparation for downturns since the 'education' isn't passed along at the dinner table any more.

[Onyrlef]

Originally Posted by muckinfuss

My grandparents lived through two world wars, and a depression. My parents lived through the depression and ww2. Anyone under the age of 50 has no concept of real restraint or preparation for downturns since the 'education' isn't passed along at the dinner table any more.

My Mother grew up picking cotton in N. Florida and S. Alabama, she said they didn't realize things were bad during the depression because they were already so bad they couldn't get much worse.

[RPR]

Numbers I see say number of RVs shipped. Is this shipped from manufactures or do they use the word shipped when dealer sales one. Wonder what the “sales” number is. We have always lived within our means. The heck with keeping up with the Joneses.