Community Forums

scbwr · 06-24-2022, 02:20 PM

It was bound to happen. The record sales bubble is bound to burst. I hate to see any workers lose their jobs, but in an industry such as the RV industry, it's bound to occur from time to time. The rising interest rates are also bound to take it's toll, especially on the demand for higher priced units.

Personally....and I don't mean to be self-centered...I hope that a lot of the folks that are crowding the scene decide to get out of it. I think it is bound to happen as during the past couple of years, a lot of sales were due to the restrictions created by the Covid virus. And, my wife says, and I agree, that a lot of folks will find the RV lifestyle involves more work than many want or desire. So, I think many will use their RV budget to return to more traditional types of education. And as a result, maybe it will be a little easier to make reservations make travel plans.

On the upside, if we decide to downsize to a smaller RV in a couple of years, the prices may be down. But, that means our rig will probably be lower in value. I'm just hoping that with some furniture upgrades that we are doing and by maintaining it's condition, all will work out well.

Isaac-1 · 06-24-2022, 04:13 PM

I blame fuel prices, $5+ gas makes RV's look a lot less attractive to many, people do the math in their head and realize it is cheaper to fly / drive the car there and then stay in a 5 star hotel than it is to take the RV. Not that RV's have ever been the more economic way to go, but this is about perception of potential RV buyers, not reality. Economic uncertainty overall inflation and potential recession.

Keith55 · 06-24-2022, 05:52 PM

Rv's on RVTrader are sitting.

The economy needs to be handled very carefully now with just the right interest rate to slow inflation but not pull us into a recession.

As was stated, RV's/boats are early indicators of slow downs. Maybe time to stop tapping the brakes or at least be very careful with only tiny interest rates hikes.

Craig1960 · 06-24-2022, 06:00 PM

I guess it depends on where you are, my buddy says business is still booming for them and they are one of the largest dealers around here. So much so that he didn't even want to do the RV show they do every year.
I'm sure it will get worse here too if it goes on to long but it looks good for them for the next while anyway.

Country Road · 06-26-2022, 07:19 PM

Quote:

Originally Posted by Craig1960

I guess it depends on where you are, my buddy says business is still booming for them and they are one of the largest dealers around here. So much so that he didn't even want to do the RV show they do every year.
I'm sure it will get worse here too if it goes on to long but it looks good for them for the next while anyway.

If I was looking to buy nowadays, I may hesitate for a while also. It is what it is because of, to name a couple of things, perhaps fuel prices and crazy people all around us, no matter where you go.

Fogbelly · 06-27-2022, 07:41 AM

Looks like at least one large dealer chain is heavily discounting Winnebago travel trailers.

I wonder if we'll be seeing a price war before the 2023 models come out.......

DonavonP · 06-27-2022, 07:58 AM

We have drilled several hundred holes in our economic boat and the people in power are discussing how we can get it to stop raining so the boat doesn't sink.

Xmcdog · 06-27-2022, 08:15 AM

Quote:

Originally Posted by Isaac-1

I blame fuel prices, $5+ gas makes RV's look a lot less attractive to many, people do the math in their head and realize it is cheaper to fly / drive the car there and then stay in a 5 star hotel than it is to take the RV. Not that RV's have ever been the more economic way to go, but this is about perception of potential RV buyers, not reality. Economic uncertainty overall inflation and potential recession.

Totally agree. However have you checked hotel prices lately? Restaurant prices? Fly and stay is not cheap either. Hotels are adding $100+ damage deposits as well. Refundable on checking out. Maybe. At times you have to fight for this. Took us three weeks to get refunded on one stay.

saddlesore · 06-27-2022, 08:27 AM

Quote:

Originally Posted by Warhorse6

Never like to see individuals laid off or out of a job, but hopefully this early action by Winnebago can save as many as possible and leave the company financially stable. Guess we all knew it was coming, question was when.

Yup...