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Open Roads Forum  >  General RVing Issues

 > RV retail sales drop 31% April year over year.

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ferndaleflyer

everywhere

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Posted: 06/14/22 10:28am Link  |  Print  |  Notify Moderator

Shall I list the reasons? Lets start with SSI, food stamps, medical cards, free or subsidized housing, food banks, and there is more. If you know how to work the system the last thing you need is a full time job. Need some extra cash sell some of your free meds, mow a couple of yards. You think this is not going on you are unaware of the way the real world works. And then there is the way the numbers are juggled to feed the results they want you to see. Nothing negative.

redhooker

Florida

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Posted: 06/22/22 01:10pm Link  |  Print  |  Notify Moderator

Used market is still very brisk here in FL. Sky-high rent combined with unaffordable mortgage interest rates (a 200k motgage is up $400/month from January) is pushing a lot of people into full time lifestyles. Locally campgrounds have doubled monthly rent but still substantially cheaper than an apartment right now.

Grit dog

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Posted: 06/22/22 04:33pm Link  |  Print  |  Notify Moderator

ferndaleflyer wrote:

Shall I list the reasons? Lets start with SSI, food stamps, medical cards, free or subsidized housing, food banks, and there is more. If you know how to work the system the last thing you need is a full time job. Need some extra cash sell some of your free meds, mow a couple of yards. You think this is not going on you are unaware of the way the real world works. And then there is the way the numbers are juggled to feed the results they want you to see. Nothing negative.


^Totally accurate post.
I’ll add…
Subsidized utilities
Subsidized or free child care
Free student breakfast and lunches at school


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propchef

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Posted: 06/22/22 05:11pm Link  |  Print  |  Notify Moderator

redhooker wrote:

Used market is still very brisk here in FL. Sky-high rent combined with unaffordable mortgage interest rates (a 200k motgage is up $400/month from January) is pushing a lot of people into full time lifestyles. Locally campgrounds have doubled monthly rent but still substantially cheaper than an apartment right now.


I bought my first house in 1982. My interest rate was just a bit over 13%, and it was THAT low because we were first-time buyers.

We've enjoyed historically low mortgage rates for almost ten years now. While they have gone up, I wouldn't generally describe them as "unaffordable" any more than they have been. In many markets, real estate sales are slowing, even here in the Bay Area. I think, for now, lower prices (in certain markets) will offset interest rates.

Demand for durable goods is still high, and demand for luxury items is still high including RVs. Many, if not all of the price increases we're seeing are tied to outside forces (most notably Russia v Ukraine) and the recovery from a worldwide pandemic that wrecked the supply chain.

Lots are full, manufacturers are talking about slowing production to more realistically meet demand, and the industry is taking a collective deep breath and looking closely at the last two years, trying to read the tea leaves for the coming two years.

I set a budget when I started looking, and for the last 18 months the TTs I want (well cared for used models, between 3-8 years old)have all been 32-35% more than my budget, and I'm finally starting to see them starting to fall within my range. By this Fall I should have a good selection and I hope to find what I want locally.

My local Lance dealer sent me a flyer for HUGE reductions over MSRP. lol Well, OK, I know it's hype but I haven't seen any dealers advertising discounts or sales before this.

It will soon be a buyers market.

DallasSteve

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Posted: 06/24/22 02:41pm Link  |  Print  |  Notify Moderator

Winnebago Cuts Back Production

Maybe someone has already posted this. I saw this story today that Winnebago is cutting production for the rest of the year because demand is decreasing. They said their current inventory of motorhomes is valued at $150,000 per unit, up from about $120,000 at the same time last year. But the CEO warned that the company's ability to raise prices has "peaked." Probably because gas is $5 a gallon and it's no longer raining money from Washington.





Retired JSO

North Georgia Mountains

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Posted: 06/26/22 11:00am Link  |  Print  |  Notify Moderator

Even with the price of fuel, there was too many RV’s to count going N & S on I-75 over 2 days last week.





bob_nestor

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Posted: 06/26/22 12:46pm Link  |  Print  |  Notify Moderator

propchef wrote:

ferndaleflyer wrote:

GoDucks you just don't understand how the system works---plenty of people getting paid to stay home.


Complete nonsense and has no bearing on this topic. We're at full employment and many hourly folks still work more than one job.


The government has six different official measures of unemployment - U1 thru U6. Pick the one that supports the story you like. Probably a better measure is the labor participation rate since it measures the percentage of people capable of working who are actually working and paying taxes. That number has declined.

The real question I think people should be asking is how can the unemployment rate DECLINE with an increasing population when there are fewer people employed now than when the unemployment rate was higher?

PButler96

Midwest

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Posted: 07/09/22 04:12am Link  |  Print  |  Notify Moderator

31% drop in April. How about a 31.5% drop in May? That's sort of telling taking into account Mar/Apr/May are the months that are historically the months with the largest sales numbers.

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larry cad

ohio

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Posted: 07/09/22 08:08am Link  |  Print  |  Notify Moderator

I wonder when we will start seeing a similar drop in new car sales? Prices now are WAY to high.


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PButler96

Midwest

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Posted: 07/09/22 09:33am Link  |  Print  |  Notify Moderator

larry cad wrote:

I wonder when we will start seeing a similar drop in new car sales? Prices now are WAY to high.



Give it a little time, as in months. 4 to 6 maybe. We're already in a recession despite what Mumbles claims.

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