“People don’t make these large, luxury purchases unless they’re actually feeling better about the economy,” said Hicks, who follows the RV industry closely. “It’s so sensitive to interest rate changes, which often precede a downturn.”
RV shipments, a proxy for sales, are starting to pick back up after having bottomed out last year — an aftershock of a wild, pandemic-era upheaval.
So, if business is on the upswing — especially at a time when the dual forces of elevated inflation and high interest rates are serving as headwinds — that could bode well for the economy as a whole, he said.
Still, while that economic indicator doesn’t appear to be flashing red right now, it likely will take interest rates falling from their current 23-year highs before it turns a solid green.
Additional data about RV living:
https://www.godownsize.com/rv-motorhome-statistics-numbers/
Why many more Americans will choose RVs as their homes:
https://www.rvtravel.com/reasons-to-live-in-an-rv-1042/
What they aren’t telling you is people no longer have a House or Apartment but instead live in their RV.
People don’t make these large, purchases unless they’re worried about losing their homes and don't want to end up sleeping in a cardboard box under a bridge..
Perhaps, RV sales are up because want to be mobile with the ability to move at any time to a location that is safer, I had good friend that retired a few years before me, he and his wife bought a big RV and sold their house and traveled to a cooler location in the summer and warmer location in winter all in red states.
If you can’t afford two houses in different climates, the choice of an RV is a valid option for people who want options on their residence.
Living out of your vehicle is the logical step for unaffordable housing, taxes, inflation, and job mobility. Just wait until the criminals begin tapping that market of victims......It won’t end well.
Diana you cheese head. Miss leading headline.
More like a vehicle to ‘bug out’ in what the 5h!t hits the fan
At 80 years old, I'm finding my 3 BR 2 bath with a one acre yard a bit of a burden.
(My lawn mower broke down friday.)
It's Always Something.
People are buying RVs so they can live in them. This is a huge problem where I live. The city can’t do anything about it unfortunately. :(
We are on trailer trip right now...many RV places have a majority of spots taken by Permanent RV residents.
I saw a story on the news that people buy them and then rent them out for people to live in. They get as much as a $2,000 a month in San Francisco.
What idiocy— so they can make time payments they never will
finish, go to repo, and in the meantime “live on the road”
“free” parking in Wally Worlds, or renting in RV parks.
What a disaster. One which obamaumao wanted and has gotten-
when he destroyed for a while the used car market to drive
people right out of their running clinkers.
“People don’t make these large, luxury purchases unless they’re actually feeling better about the economy,”
Or feeling worse about high property taxes, HOA fees, and city, county and state taxes and fees.
Better yet, just immigrate to non-extortion land. It’s just beyond Shangra-La.
Vast storage areas of “used” RVs repo’d.This is so uninformed and purposely idiotic. Interest rates for loaned to RV sales are NOT coming down.
Bidenomics, but truly dating back to Obamauamao-land... “fundamental transformation” running people OUT of the explosive dangerous cities. Living on the road, surprise- isn’t safe at all. Medieval.
It doesn’t mean much of anything. RV sales went through the roof curing COVID and then the RV market adjusted down once that unusual situation ended. Now RVs are selling better again like many consumer related products due to a growing economy.
Too many people spend all their time looking for ways to make everything be bad news. Get on with life, people.
so,
is it in anticipation of a Pres. Trump victory ?
or
homeless getting more fed money for shelter...especially in L.A. ?
Turning america from middle class homeowners into Gypsies to make room for, well, Gypsies.
It’s not a good sign if people are living in them full-time.
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.