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Michael1955 · 06-22-2020, 07:33 PM

Though lacking specific numbers, very interesting piece on our local News Channel, here in Berks County Pennsylvania.

Pandemic causes RV sales to skyrocket across Berks and USA

The local dealer is quoted as saying he may be out of inventory in a month.

Similarly, another local news item today reports record sales for Swimming Pools, with the dealer quoted in that piece stating his backlog for new pool installations (above ground and inground) is now out to 2022! Due entirely to Covid-19 and folks seeking to avoid the Community Pools (which are numerous and popular in my area).

HDGoose · 06-22-2020, 07:43 PM

I'm thinking lots of slightly used RVs for sale in 3-4 years!

rk911 · 06-22-2020, 07:47 PM

might be lots and lots of disappointed, and disillusioned, new RV owners within a year or two when expectations run headlong into reality.

HDGoose · 06-22-2020, 07:56 PM

Quote:

Originally Posted by rk911

might be lots and lots of disappointed, and disillusioned, new RV owners within a year or two when expectations run headlong into reality.

It's not like buying a car. That's for sure. Could be interesting!

Xmcdog · 06-22-2020, 07:56 PM

Quote:

Originally Posted by HDGoose

I'm thinking lots of slightly used RVs for sale in 3-4 years!

I'm thinking the same thing. Not sure I will buy a 2020 model though.

momdoc · 06-22-2020, 09:15 PM

Quote:

Originally Posted by HDGoose

I'm thinking lots of slightly used RVs for sale in 3-4 years!

I too am thinking the same thing and you will be able to buy them cheap as many if not most will be way underwater on the crazy financing they agreed to and need to "dump" this money drain.

1doodadd · 06-22-2020, 09:20 PM

If you forget the past you are doomed to repeat it.

baraff · 06-23-2020, 08:29 AM

Just my opinion, but I give it 6 months to a year before the economy really begins to show the effects of the recession. I don't believe the economy will just bounce back like nothing even happened. As companies try to recover what was lost, I think we will see layoffs, restructuring, position elimination. I think the commercial real estate market will be circling the drain. I see a lot of debt coming home to roost.
If I were still working and not retired, the last thing I would be doing is buying a recreational depreciating asset, especially on a loan. I'd be paying down my debt as much as I could.
Look for some good deals a year from now, both in RVs and the secondary vacation home market.

rk911 · 06-23-2020, 10:45 AM

Quote:

Originally Posted by baraff

Just my opinion, but I give it 6 months to a year before the economy really begins to show the effects of the recession. I don't believe the economy will just bounce back like nothing even happened. As companies try to recover what was lost, I think we will see layoffs, restructuring, position elimination. I think the commercial real estate market will be circling the drain. I see a lot of debt coming home to roost.
If I were still working and not retired, the last thing I would be doing is buying a recreational depreciating asset, especially on a loan. I'd be paying down my debt as much as I could.
Look for some good deals a year from now, both in RVs and the secondary vacation home market.

that's as good a guess on where the economy will go as any but the advice is spot on. when debt free all things become possible.

Highway 4x4 · 06-23-2020, 12:33 PM

The economy does tend to lag the cause. Many companies are sinking in debt and living off the Fed money to keep going. Eventually they will close and the house of cards will fall. This is what the enemies of the US want, foreign and domestic. If you want to get out of RV'ing this is a good time to do it. Give it a break and get back in later.

fagnaml · 06-23-2020, 12:46 PM

Michael1955 --

A few days ago I was helping a work colleague who is looking to upgrade from a travel trailer to a Class A gasoline engine motorhome for his growing family. I referred him to PPL Motorhomes which is a large consignment sales dealership here in the greater Houston area --> https://www.pplmotorhomes.com/

I was stunned to see a large number of "sale pending" notices on RVs of all types. This unusually high number of "sales pending" notices confirms the article you provided about RV sales being very robust.!

tommar · 06-23-2020, 01:01 PM

Yes... MH/RV sales are robust due to Covid-19 and the desire of people to avoid crowds, hotels, eating in restaurants etc. But, like other posters have said, our economy is about to go down the drain. And I agree that there's soon going to be a glut of slightly used MHs on the market soon because of defaulted loans and no jobs.