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Old 12-06-2008, 09:06 AM   #1
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Here's an interesting reading AP article I ran across:

Poor economy is the nail in RV industry's tire


<sub>updated 6:24 p.m. ET, Thurs., Dec. 4, 2008</sub>

LOUISVILLE, Ky. - Under the gloom of plunging motor home sales and with travel trailers stacking up on lots, recreational vehicle makers and dealers at their national trade show this week tried to lift their spirits by joining in song. “You gotta have heart,” they sang at the kickoff breakfast, trying to stay resilient in an industry that’s hit a big speed bump. The swooning economy and a credit crisis that makes it tougher to finance a six-figure purchase are keeping potential RV buyers off the road.

Click here to read the full article.
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Old 12-06-2008, 09:06 AM   #2
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Here's an interesting reading AP article I ran across:

Poor economy is the nail in RV industry's tire


<sub>updated 6:24 p.m. ET, Thurs., Dec. 4, 2008</sub>

LOUISVILLE, Ky. - Under the gloom of plunging motor home sales and with travel trailers stacking up on lots, recreational vehicle makers and dealers at their national trade show this week tried to lift their spirits by joining in song. “You gotta have heart,” they sang at the kickoff breakfast, trying to stay resilient in an industry that’s hit a big speed bump. The swooning economy and a credit crisis that makes it tougher to finance a six-figure purchase are keeping potential RV buyers off the road.

Click here to read the full article.
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Old 12-06-2008, 09:59 AM   #3
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And to make matters even worse, those who do want to buy are being quoted very high interest rates even with very high credit scores. And sad to say we will likely see this for some time.
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Old 12-06-2008, 02:23 PM   #4
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I've got two friends in my relatively small RVing circle that have taken delivery on new rigs in the last month. One bought a 2009 43' Allegro Bus and the other a 2009 36' Phaeton. Both traded in 2006 coaches of the same basic model. My '06 is going to have to carry me for a while. I don't have my moneys worth out of it yet. And I really like the coach.
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Old 12-06-2008, 02:28 PM   #5
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This is the result of declines in manufacturing & construction activity which are the only true producers of tangible goods. Service & Information is essential but without manufacturing & construction, who needs service or information. We can export some information technology but as a nation, we are but 300 Million versus a world of 6 Billion who can service & inform us at a rate much cheaper than us & the 6 Billion are very happy to achieve an improvement in the standard of living.

If you can, go buy that new house, car or RV. This generates cash flow through out all industries. Doom & gloom reports are causing a self full filling prophecy because everyone is afraid to spend. Foreclosures have shut down construction, construction can't buy vehicles & materials, that leaves little to service & we have enough info to know it is bad.

Live today, plan for tommorrow while living, don't worry tommorrow about having lived today.
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Old 12-06-2008, 04:36 PM   #6
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I was at the mall tonight, and boy is this economy slow. There were people everywhere, cars by the hundreds. While there is some truth to the slowing of the economy, the news media is adding fuel to the fire with all of its negativity. Like my banker said the other day, don't believe everything you see on television.
By second quarter of next year, this mess will be turned around. I found financing that was easy, it is called 100% down, no payments.
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