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09-20-2018, 12:21 PM
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#1
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Site Team
Join Date: Nov 2010
Location: Virginia`s Eastern Shore
Posts: 17,091
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RV demand may be cooling off a bit.
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09-20-2018, 01:07 PM
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#2
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Senior Member
Join Date: Jul 2011
Location: Long Island, NY
Posts: 1,402
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The slowdown could be based on a mix of higher gas prices, tariffs and concerns about the mid-term elections that might stifle continued growth.
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2018 Jayco 28RLS
2012 F-250 6.2L 3.73
Equalizer Hitch
Yamaha 2400ISHC
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09-20-2018, 01:31 PM
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#3
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Senior Member
Join Date: Jun 2015
Location: Walpole, NH
Posts: 367
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Noticed how one of the items mentioned in the article that influenced there loss was increase in warranty cost. Wonder if that will get their attention enough to work on improving quality control? Another factor in the slow down maybe the increase in interest rates on loans.
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TV 2013 RAM 1500 4x4 Tradesman W/5.7L Hemi 6spd auto w/3.55 rears
TT 2009 Jayco Jayflight G2 29BHS
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09-20-2018, 02:09 PM
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#4
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Site Team
Join Date: May 2017
Location: Connellsville
Posts: 22,681
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Quote:
Originally Posted by bap
Another factor in the slow down maybe the increase in interest rates on loans.
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That's a very valid point. I read an article somewhere recently where the higher interest rates were becoming a concern in the housing market also. I'll put up a link if I can find it again.
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Moderator
2017 Jay Feather 7 22BHM Baja/Andersen WD
2018 F150 4x4 3.5L Ecoboost Max Tow
2015 MB Sprinter 2500 Passenger 2.1L Diesel
2007 Ram 2500 4x4 Cummins 5.9L G56
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09-20-2018, 02:17 PM
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#5
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Senior Member
Join Date: Dec 2014
Location: FL
Posts: 11,281
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When interest rates on loans go up, interest in taking out a loan goes down.
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Sherm & Terry w/rescue Eydie (min Schnauzer) & Charley (std Poodle)
SOLD:2015 Jay Flight 27RLS, GY Endurance (E), Days: 102 '15, 90 '16, 80 '17, 161 '18, 365+ '20
SOLD: 2006 Ford F350 PSD, 4WD, CC, LB, SRW, Camper pkg., 375,000mi
Full timing: Some will think you're crazy, some will be envious, just enjoy the freedom!
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09-20-2018, 02:19 PM
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#6
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Site Team
Join Date: Nov 2010
Location: Virginia`s Eastern Shore
Posts: 17,091
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Many factors go into it I'm sure. I wonder if the market is also over saturated at this point somewhat like the auto market and is leveling off? Only so many RV folks out there and many may already have one, plus many used ones available as well.
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2017 Coachmen Catalina 283RKS
2018 Ford F250 Super Duty 6.2l CCSB
2010 Jayflight 28BHS (sold)
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09-20-2018, 02:21 PM
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#7
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Site Team
Join Date: May 2017
Location: Connellsville
Posts: 22,681
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__________________
Moderator
2017 Jay Feather 7 22BHM Baja/Andersen WD
2018 F150 4x4 3.5L Ecoboost Max Tow
2015 MB Sprinter 2500 Passenger 2.1L Diesel
2007 Ram 2500 4x4 Cummins 5.9L G56
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09-20-2018, 02:34 PM
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#8
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Senior Member
Join Date: Aug 2015
Location: kaml
Posts: 1,285
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Quote:
Originally Posted by oldmanAZ
When interest rates on loans go up, interest in taking out a loan goes down.
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I financed my new truck last fall rather than pay cash. No way I can refuse 0%
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09-25-2018, 03:20 PM
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#9
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Senior Member
Join Date: Jul 2016
Location: Panama City
Posts: 569
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Thor's stock price has declined 45% since January.
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Dave & Patricia
2017 Seneca 37FS
2016 Toyota Highlander
Kar Kaddy SS
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09-25-2018, 03:30 PM
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#10
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Senior Member
Join Date: Nov 2011
Location: Where ever the boss says we're going.
Posts: 15,952
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DISNEY LOVERS
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09-25-2018, 03:41 PM
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#11
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Senior Member
Join Date: Jul 2014
Location: Fuquay-Varina
Posts: 884
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Quote:
Originally Posted by Crabman
RV demand may be cooling off a bit.
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Darn, does this mean our Greyhawk is going to depreciate?
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2014 Greyhawk 31FK
2007 Honda Shadow Sabre 1100cc
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09-25-2018, 04:04 PM
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#12
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Senior Member
Join Date: Aug 2015
Location: kaml
Posts: 1,285
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Quote:
Originally Posted by NC Roamer
Darn, does this mean our Greyhawk is going to depreciate?
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I hope you weren't expecting it to appreciate LOL (I know you're kidding)
They're a hole in the ground you pour money into, a boat is a hole in the water.
We bought ours used at 1 yr old from the original purchaser and paid 75% of the price they had paid. Now at 5 yrs old it's likely worth less than 1/2 the original purchase price.
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10-10-2018, 08:18 AM
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#13
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Senior Member
Join Date: Apr 2017
Location: Treasure Coast Florida
Posts: 643
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Anyone who has had the misfortune to camp at a crowed, run-down commercial campground (or tried to get a reservation in one) would certainly want to give up the RV life. Even our much loved state parks have become difficult to navigate reservations into. There is simply too much RV supply for campground availability to handle. So, the decline in RV sales has a potential good upside for the rest of us.
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Rick with Lori and Two Pekes
'16 Jayco Seneca HJ Topaz
'13 Mini Cooper toad : Blackhawk All-Terrain tether
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10-10-2018, 08:23 AM
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#14
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Site Team
Join Date: May 2017
Location: Connellsville
Posts: 22,681
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I just got an email from GoodSam finance. Here's a link to the offer.
Good Sam RV Loans
Finance rates starting at 4.99% ranging up to 7.79% depending on amount and term. Looks like the era of cheap financing is gone for many. I'm sure that this has to be part of the slowdown also.
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10-10-2018, 08:56 AM
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#15
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Senior Member
Join Date: Feb 2015
Location: Eagle River, AK
Posts: 900
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As has been said, there are surely many factors involved.
To be honest, it won't hurt my feelings to see the market slow a bit. As Crossingover eluded to; commercial resorts getting run down and the ability to reserve sights gets ridiculous.
Not that it hinders us much because we primarily dry camp or boondock, but it seems there is also an increasing trend of more and more people who are unwilling to "get off the grid" so the 'resort' type full hookup campgrounds (many look like fancy parking lots with scatterings of grass throughout) are constantly full and often times booked out for a year or more. When you can't get a space or the place is run down and crowded, it can take the fun out things.
I am sure the slow down in the RV industry is combination of many things.
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We are just a humble drinking couple with a hunting and camping problem.
2018 Jayco Octane 260
2019 Dodge Ram 2500, 6.4 Hemi, 8 spd A/T
2021 Argo Aurora 8x8/2008 Arctic Cat M1000 SnoPro
Previous: Komfort 5er/Jamboree MH/Lance Cabover/Jayco Whitehawk 25BHS TT
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10-10-2018, 10:19 AM
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#16
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Senior Member
Join Date: Oct 2014
Location: ancaster
Posts: 125
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Quote:
Originally Posted by PlayersZ28
I financed my new truck last fall rather than pay cash. No way I can refuse 0%
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Yes, but they still gouge you at 0%. We just bought a truck at 0% financing, but salesman said if we paid cash he would take off $2750
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10-10-2018, 10:24 AM
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#17
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Senior Member
Join Date: Aug 2015
Location: kaml
Posts: 1,285
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Quote:
Originally Posted by suzieshome
Yes, but they still gouge you at 0%. We just bought a truck at 0% financing, but salesman said if we paid cash he would take off $2750
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My son worked at the dealership at the time so we got a good deal on it and they overpaid for my trade ( and it cost them almost 5000$ to certify it). I always make the deal at cash and then see what I get for financing. In this case it was an extra 1000$ for signing up to a GM credit card (which I cancelled within a month).
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10-10-2018, 10:25 AM
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#18
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Senior Member
Join Date: Jan 2015
Location: Surprise
Posts: 2,623
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Quote:
Originally Posted by suzieshome
Yes, but they still gouge you at 0%. We just bought a truck at 0% financing, but salesman said if we paid cash he would take off $2750
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How are they gouging you ? You can choose to get your own financing and take the bigger discount, or, you can take their financing without the discount? It's totally your choice. You can also choose to pay cash, and have zero financing PLUS get the discount. That's what I choose.
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2011 Toyota Tundra double cab
2015 27RLS
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10-10-2018, 11:40 AM
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#19
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Senior Member
Join Date: Oct 2011
Location: Central California
Posts: 2,283
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Quote:
Originally Posted by Crossingover
Anyone who has had the misfortune to camp at a crowed, run-down commercial campground (or tried to get a reservation in one) would certainly want to give up the RV life. Even our much loved state parks have become difficult to navigate reservations into. There is simply too much RV supply for campground availability to handle. So, the decline in RV sales has a potential good upside for the rest of us.
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This 80% of the reason we sold our TT, downgraded truck from 2500 duramax to a 1500 gasser and are taking a significant step back in the RV camping lifestyle.
The other 20% is I found "outdoorsy", basically a AirB&B for RVs, so we can still get out a couple times a year with our friends.
Just booked our first rental over new years, 4 nights. We rented a 2018 26' Class C for $150/night. The owner lives 3 miles from us, nice guy, and just rents it to make the payments so he essentially has a free RV and I still get to camp with our friends and have no hassle of maintenance, depreciation, storage, insurance, etc.
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2020 Ram 1500 5.7L
2007 Chevy Duramax LMM/Allison (Sold)
2012 Jay Flight 29QBH (Sold)
2012 Jay Flight 26BH (Sold)
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10-13-2018, 10:27 PM
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#20
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Junior Member
Join Date: Aug 2018
Location: Ventura
Posts: 16
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We went to the Pomona RV show today and I was surprised by the about of sold signs on the RVs. Everything from TTs to big motorhomes. Tiffin and Newmar had most of their class As with sold on them
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