Zack’s Equity Research wrote a lengthy piece for Yahoo Finance that talked about the RV industry in general and then put a spotlight on four RV-related stocks in particular.
The coronavirus pandemic has brought in unprecedented challenges across every industry. But it seems that the RV market has been rather immune to it. In fact, the RV space is on fire lately. The industry is experiencing high demand and sales that have not been witnessed in a long time. While the overall industry suffered due to the COVID-19-induced lockdown measures, RV rentals and sales have been on a roll over the past few weeks.
In fact, President Trump intends to get behind the wheel of an RV and tour the country. “I think I’m gonna buy an RV and travel in an RV with our first lady,” Trump recently said during a news conference at the White House.
RV Seems to be the Safest Bet Amid Coronavirus
With the weather warming up and lockdown restrictions easing, people are now looking for ways to venture out and travel responsibly. While hitting the road seems an exciting idea after a spring spent cooped up, it’s certainly not risk-free in view of the pandemic. In the light of the present circumstances, RV vacations are emerging as the best social-distance travel option. Low gas prices – at about $2 per gallon nationwide – are also making RV trips attractive and easy on the pockets.
With the lifting of shelter-in-place orders, travelers are intending to travel to destinations closer to home for summer trips this year. As air and train travel are becoming less appealing, RVs are gaining momentum. RVs offer just what the people are looking for right now. The freedom and personal control over the travel experience opens up various possibilities for outdoor recreation.
RVs are typically equipped with restrooms, which makes it easier to use them and practice social distancing. There’s no need to share a hotel elevator or airplane bathroom. Travelers can cook meals inside the vehicle. RVs are enabling people to enjoy vacations with their families, while still adhering to social distancing.
Click here to see which four stocks Zack’s Equity Research singles out.
