Camping and RV Forums  General Forums  General  Pent-up RV demand - wishful thinking or believable
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New Post 12/11/2009 10:16 AM
  bukhrn
113 posts




Re: Pent-up RV demand - wishful thinking or believable 
 Damien wrote
Angela, I couldn't disagree with you more.

To truly believe that this industry is rebounding is nothing short of wishful thinking. Let me explain. While economists are saying that the economy is out of the recession and is beginning the recovery does not mean that people are going to be able to go back to the lifestyles they had prior to the recession. People, myself included, have lost large portions of their retirement funds. Few will retrieve those losses. Many people, then, are going to be living much more humbly than they had prior to the recession. While there may be pent up demand for a new RV or trailer, people are not going to unleash that demand because they no longer have the means to do so. They are going to continue to use their old RV or trailer.

While history is often the best predictor of the future, in this case it's comparing apples to oranges. In the 1930's RV's were not selling for the price of a home. Today, as I'm sure you know, some RV's go for hundreds of thousands of dollars, and some even go for more than a million! So to think that people are going to go back to buying rv's in droves because they heard that the economy is in a state of recovery just does not jive with logic.


I think that the RV industry will recover, although perhaps not immediately, people WILL go back to their old ways, as we (Americans), never seem to learn much (if at all) from history, thats why we keep making the same mistakes, over & over.
 
New Post 1/19/2010 2:25 PM
  TIMMFITZ
23 posts




Re: Pent-up RV demand - wishful thinking or believable 
It looks as though things are making a turn for the better. In an Eyewitness News article an RV dealer said, ""The first weekend, the first two days of the show, we sold more than our entire show last year," at the Indianapolis RV show.

It also mentioned how banks are making more loans to companies in the RV industry, and consumer confidence is up.
 
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