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Old 12-08-2022, 01:50 AM   #1
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RV Industry Update

I saw this presentation on YouTube about the current state of the RV industry. Maybe all the talk about a buyers market is wishful thinking at least for now..

https://youtu.be/dCpkYxsb_uM
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Old 12-08-2022, 02:32 PM   #2
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Or maybe NOT . no wishful thinking dealers over stocked, production down , higher interest rates , lower quality , is it a sellers market maybe wishful thinking .

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Old 12-08-2022, 03:33 PM   #3
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Well here's a data point.

I just drove the Indiana tollway from one end to another. There are vast numbers of what look to be completed rigs sitting in parking lots and fields in that corridor.

In my many trips that way over the years, I've never seen anything like that accumulation of RV stock.
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Old 12-08-2022, 04:03 PM   #4
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Originally Posted by dalford View Post
I saw this presentation on YouTube about the current state of the RV industry. Maybe all the talk about a buyers market is wishful thinking at least for now..
Interesting video. I was skeptical at the start, but if his numbers are accurate and they really cut production by 1/3 this year, there may not be nearly as big a glut of inventory as we would expect, and manufacturers may hold on to a lot of there price increases.

His take on Grand Design seemed spot on - we were leaning toward toward a Grand Design last year at the height of the madness and prices were increasing every time we looked at something. Ended up going to the Hershey show (Sept '21) thinking maybe we would see a little relief in price, but the GD was even higher than the last unit we looked at. BUT, we stumbled on the FR Columbus. Same floorplan, similar features, but we actually thought it was a little nicer and had a few key upgrades. Ended up getting it for over 10K less than the GD. Some of that was the dealer and some was the manufacturer, but still a huge difference in the end to soften the pain of buying in 2021.

I hope he's right on the stuff coming back from China, but that is the one part of his comments I'm most skeptical of. Seen it too many times in my career - as soon as things shake out, the cost differential will be irresistible to manufacturers and they will be sourcing there again as fast as they can.

Anyway, good video and will be interesting to see how things play out.
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Old 12-09-2022, 08:07 PM   #5
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Same here on the Northern Gulf Coast. All of the RV dealer lots are slap full of inventory with no room to take on more. Not a lot selling so those units in Indiana will be there awhile.
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Old 12-09-2022, 09:28 PM   #6
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same here in my little piece of central FL they still want covid prices, but they have pre covid inventories.
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Old 12-09-2022, 09:33 PM   #7
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Oh, the RV lots around here are full, but full of units most of the folks in my RV group are not interested in. Seem to be bottom of the line units with a few over the top expensive ones. And not much variation in floor plans/models as we are used to seeing.
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Old 12-13-2022, 02:17 PM   #8
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More update….looking really bad..

https://youtu.be/mCFdXGvGR8Q
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Old 12-13-2022, 03:14 PM   #9
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I'm trying to figure out what's new with all these "announcements".

As long as I can remember the RV market has been feast/famine or boom/bust.

When people have money or interest rates are low, RV's sell like hotcakes and dealers thrive. When money gets tight and interest rates rise (a consequence of high inflation) dealers struggle to make the flooring payments on their inventory. Prices can only drop so low as the dealers are still faced with overhead and with slow sales that becomes a much larger burden. The unlucky ones get bought up by the large dealers and choices become fewer.

Time passes and the cycle(s) repeat.

Like I said, "What's New".
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Old 12-13-2022, 10:26 PM   #10
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Quote:
Originally Posted by TitanMike View Post
I'm trying to figure out what's new with all these "announcements".

As long as I can remember the RV market has been feast/famine or boom/bust.

When people have money or interest rates are low, RV's sell like hotcakes and dealers thrive. When money gets tight and interest rates rise (a consequence of high inflation) dealers struggle to make the flooring payments on their inventory. Prices can only drop so low as the dealers are still faced with overhead and with slow sales that becomes a much larger burden. The unlucky ones get bought up by the large dealers and choices become fewer.

Time passes and the cycle(s) repeat.

Like I said, "What's New".
I agree, not new but good info for folks who may be in the market. Warnings about dealing with dealers and title issues…
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