Im a full-timer 6+yrs in my RV park. They finally saw a light at the end of the dark, COVID tunnel. There are also trends that could transform the RV industry in the coming years. Every time you pay federal taxes, youre contributing to these lands. Out rig is paid off. People are multi booking, not cancelling, etc. Read the advise campers gave one couple who have problems with their new RV. All information published on this website is provided in good faith and for general use only. You'll get fun facts about rainforests, the Arctic, future technology, and food along the way! How Long Does an RV Battery Last? Rememberits always better to catch something early rather than let it get worse. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. It depends on a lot of factors, including the quality of your RV and the frequency and severity of the things that need fixing. We are thinking about upgrading our RV so it will be interesting to see how everything pans out in the next few years. What Does The Future Of The RV Industry Look Like? However, the RV Industry Association data indicates that sales dropped dramatically in the second half of 2022, especially compared to the previous year. If people decide they would rather not hassle with an RV anymore, the demand for them could drop sharply. >. Without there customer service view we are enjoying it. All You Need to Know. We decided to sell it after a trip around the Michigan UP where the campgrounds were completely full and noisy. Lets explore the RV industry trends and outlook below. According to recent surveys, the top five destinations for RVs are: Florida , California , Colorado , Arizona , and Nevada . With the current production backlog manufacturers are set for a couple of years. When you look at October 2022 compared to October 2021, theres a 43.7% decline in shipments. Nonetheless, as weve shared, shipments are slowing down as dealerships have difficulty moving the rigs they already have in their lot. I join Riverside Trailer as an editor, where I will be doing research for both content and reviews. Access the list by submitting your email below: Home RVers Feel Regret as the Industry Bubble has Burst, 7 Nasty Spaces in Your Kitchen Where Germs Like to Party, View the Drivin & Vibin Privacy Policy Here, RVers Feel Regret as the Industry Bubble has Burst, RV Salesman Revealed 5 Things Salespeople Wont Tell You. Their claim of excellent fuel economy pulling a Hi-Lo has proven to be true. I am afraid there may still be a few more RV Manufacturers going out of business. This would represent a 33.8% increase over the 2020 year-end total of 430,412 units and a 14.1% gain over the current comparable record high of 504,600 units in 2017. If you want to edit a comment click the gear icon to the right of your comment and choose edit, or delete. Central NY in summer beautiful Casa Grande AZ in w. New to Boondocking. In addition, the overall year until October saw a decrease of 12.2% for RV shipments. It's a way for you to help your favorite creators! Additionally, geopolitical factors like trade tensions can lead to increases in RV prices, as happened in the wake of the 2016 U.S. presidential election. 83%. 1. When RV sales people use the word investment, my response is always Like a crashing stock market!. However, you may owe substantially more than the rigs worth unless you paid cash or a tremendous amount down. Dont get caught up in the excitement of purchasing a rig. Thank you! As the trend moves away from large-cap growth stocks and tech companies, new opportunities have emerged in . However, production may rise again once inflation has gone down. This statement should have been saved for the Laugh of the day feature! While manufacturers blame increased manufacturing costs, we all know its simply a game of supply and demand. It's easy to do. I am starting to think that in 1-1.5 years there could be a glut of used RV's of all types on the market. When they started figuring out this summers travel plan, they realized the costs just werent the same as what they had been in recent years and they decided to cut back. Use Discount Code: ENDLESSRVING20 and save an additional $20 off any TireMinder TPMS System GET YOUR TIREMINDER TPMS SYSTEM HERE:https://innovationtire.com/ Subscribe to our channel below:Endless RVing YouTube Channel:https://www.youtube.com/channel/UCokX6YIQymfsKSJvqo9dGEQ?sub_confirmation=1If you have questions you want to ask us regarding buying a new RV or other general RV questions you can book a phone consultation with us by clicking here: https://endlessrving.com/consultations/IF YOU ENJOY OUR VIDEOS AND WOULD LIKE TO DONATE AND SUPPORT THE CHANNEL CLICK HERE: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick\u0026hosted_button_id=KW8LQ365HVJ4Q\u0026source=urlSPECIAL THANK YOU TO THE ERV INSIDERS:THE ERV INSIDERS is your opportunity to get up close and personal with Endless RVING. Before buying an RV, you need to know that they depreciate incredibly quickly. And we also ensure that any third parties we contract with either anonymize your data or have strict privacy policies in place that are aligned with ours. The RV industry has seen 40 years of long-term growth, which the pandemic has supercharged, according to Monika Geraci, spokesperson for the RV Industry Association, which represents the. With the growing number of consumers, the RV industry remains hopeful that an increase might happen in the second half of 2023.