Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

RV sales are picking up. That’s a good sign for the economy
Channel 3000 News/CNN ^ | June 16, 2024 | CNN Staff

Posted on 06/16/2024 9:04:52 AM PDT by Diana in Wisconsin

At this time of year, a reservation with Chill RV Rentals isn’t usually the easiest to come by.

The Los Angeles-based company’s 16-camper fleet is typically booked solid, with the RVs oftentimes reserved weeks in advance.

That’s just not the case this year, said Nika Shneyder, who started the recreational vehicle rental business with her father in 2016. Bookings are light; plus, the people who are traveling are taking shorter trips, she said.

“We’re definitely seeing demand for RV travel slowed down compared to previous years, and I don’t think it has to do with people coming out [the pandemic] and going on different kinds of trips,” Shneyder said. “I actually think it has a lot to do with people having less discretionary spending available.”

She added: “I think we’re going to pick up this summer, in July and August for sure; but historically speaking, we would have been busier by now.”

On the retail sales side, there are similar stories at play: Businesses are seeing softer, but improving, demand; consumers are showing some hesitancy but still are spending some; and industry members are exhibiting cautious, but growing, optimism.

The industry appears to be not only getting back into gear but also settling into a familiar groove: its role as an economic bellwether.

When consumer sentiment falters or the economy starts to teeter, RV sales follow suit, said Michael Hicks, an economics professor at Ball State University and director of Indiana University’s Center for Business and Economic Research.

RVs are typically large-dollar items for individuals and families, costing about $12,000 to $15,000 for a small, pop-up, tow-behind trailer, to some that run well north of $250,000 or more for a motorhome or luxury offering.

(Excerpt) Read more at channel3000.com ...


TOPICS: Business/Economy; Hobbies; Outdoors
KEYWORDS: camping; economy; lifestyle; rv
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-62 next last
To: Diana in Wisconsin

so,
is it in anticipation of a Pres. Trump victory ?
or
homeless getting more fed money for shelter...especially in L.A. ?


21 posted on 06/16/2024 9:59:27 AM PDT by stylin19a (Golf is a game invented by the same people who think music comes out of a bagpipe)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diana in Wisconsin

22 posted on 06/16/2024 10:23:57 AM PDT by Theoria
[ Post Reply | Private Reply | To 1 | View Replies]

To: Theoria

If you are thinking about buying an RV, watch this.

https://youtu.be/J-BuXUbd98U?si=catkd0BfTsFbAVB4


23 posted on 06/16/2024 10:34:33 AM PDT by WASCWatch ( WASC)
[ Post Reply | Private Reply | To 22 | View Replies]

To: Diana in Wisconsin

Turning america from middle class homeowners into Gypsies to make room for, well, Gypsies.


24 posted on 06/16/2024 11:04:50 AM PDT by AndyJackson
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diana in Wisconsin

It’s not a good sign if people are living in them full-time.


25 posted on 06/16/2024 11:08:06 AM PDT by Tacrolimus1mg (Do no harm, but take no sh!t.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diana in Wisconsin

I strongly encourage anyone thinking about buying a new or used RV to check out videos by such people as “Liz Amazing” on YouTube.

Whether you’ve owned an RV or not, I think you’d be hesitant, or possibly adamantly against, buying/owning one.

After watching her and other videos, I decided the only way I’d “enjoy” one is via rental.

Purchasers are nowhere near as protected against faulty RVs as they are against lemon cars.


26 posted on 06/16/2024 11:36:15 AM PDT by BB62
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tacrolimus1mg

Lol, I was going to post the same thing.


27 posted on 06/16/2024 11:55:41 AM PDT by Trailerpark Badass (“There should be a whole lot more going on than throwing bleach,” said one woman)
[ Post Reply | Private Reply | To 25 | View Replies]

To: null and void

At the moment we have a 38ft RV up on our rural property which we use as a weekend getaway until we get a house built up there. It has everything you need. We actually will be living in it for about 4-5 months while we build.


28 posted on 06/16/2024 11:55:44 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
[ Post Reply | Private Reply | To 4 | View Replies]

To: blam

My wife and I have thought about moving on to a boat, but unless you can do most of the maintenance yourself, it quickly becomes less of a bargain than you think.


29 posted on 06/16/2024 11:57:49 AM PDT by Trailerpark Badass (“There should be a whole lot more going on than throwing bleach,” said one woman)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Diana in Wisconsin

“People don’t make these large, luxury purchases unless they’re actually feeling better about the economy

Agree sounds like CNN trying to doll up a story about so many city streets abound the country are loaded with trashed out old RV’s Los Angeles is infested with thousands of them.

The police have to keep them on the move some can’t even be driven.


30 posted on 06/16/2024 12:02:52 PM PDT by Vaduz
[ Post Reply | Private Reply | To 1 | View Replies]

To: Georgia Girl 2
Wonderful! Good for you!
Don't sell it, I may need to take refuge some day...
31 posted on 06/16/2024 12:21:35 PM PDT by null and void (“No matter how cynical you become, it’s never enough to keep up”. ~ Lily Tomlin)
[ Post Reply | Private Reply | To 28 | View Replies]

To: Diana in Wisconsin

And many are 100K+ garbage...

https://www.youtube.com/watch?v=A-TDD8sSMt4


32 posted on 06/16/2024 12:25:02 PM PDT by RckyRaCoCo (Time to throw them out of the Temple...again)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diana in Wisconsin

Well, if I lived in NY, I’d buy one just because I wanted to get out of the state in a hurry and I hadn’t quite figured out where I was going.... If RV sales are high, I suspect it might be a reflection of uncertainty as opposed to confidence in the economy.


33 posted on 06/16/2024 1:17:06 PM PDT by hecticskeptic
[ Post Reply | Private Reply | To 1 | View Replies]

To: George from New England

my first thought too. older Americans buy a motor home to travel the country after retirement but younger folks buy them to escape what’s coming. and yeah...it’s coming.


34 posted on 06/16/2024 1:52:42 PM PDT by Qwapisking ("IF the Second goes first the First goes second" L.Star )
[ Post Reply | Private Reply | To 8 | View Replies]

To: Qwapisking

I don’t care about pollution
I’m an air-conditioned gypsy
That’s my solution
Watch the police and the tax man miss me
I’m mobile, ooh yeah, hee-hee
Mobile, mobile, mobile, yeah, mmm

-The Who


35 posted on 06/16/2024 2:01:18 PM PDT by dfwgator (Endut! Hoch Hech!)
[ Post Reply | Private Reply | To 34 | View Replies]

To: WASCWatch; All

Whatever you do, don’t buy a used Gulfstream. Whoever designed the plumbing, electric and heating in them must have been on LSD, or just hate people who buy their product.


36 posted on 06/16/2024 2:05:12 PM PDT by LegendHasIt
[ Post Reply | Private Reply | To 23 | View Replies]

To: LegendHasIt

Whatever you do, don’t buy a used Gulfstream.
~~~~~~~~~~~~~~~~~~~~~~
Not sure this is true for all of them but you could substitute a lot of names for Gulfstream in that sentence...


37 posted on 06/16/2024 2:12:10 PM PDT by hecticskeptic
[ Post Reply | Private Reply | To 36 | View Replies]

To: hecticskeptic

I also own an older “Coachmen” motor home, and not only is it more reliable, it is much more straightforward to repair when something does fail...... Well, other than a pesky roof leak that took even my professional roofer buddy several times to figure out and fix.


38 posted on 06/16/2024 2:28:26 PM PDT by LegendHasIt
[ Post Reply | Private Reply | To 37 | View Replies]

To: LegendHasIt

We bought a 2017 Coleman Lantern trailer 2 years ago. We found out fast that at the 5 year mark you have to start replacing everything. So far we have put a new thermostat in the fridge, new carbon monoxide detector, new microwave, new electric converter, new (quiet) water pump and flex sealed the roof. This next week Mr. GG2 is going up to replace the valve in the toilet which is leaking. We are praying the awning lasts 2-3 more months so we don’t have to change it out in 95 degree weather. After that I think we’re good to go for awhile. 😉


39 posted on 06/16/2024 2:39:26 PM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
[ Post Reply | Private Reply | To 38 | View Replies]

To: Diana in Wisconsin
Or...

It's a sign that the people don't trust the airlines anymore.

-PJ

40 posted on 06/16/2024 2:42:19 PM PDT by Political Junkie Too ( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-62 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson