What of RV Sales Now That Gas is $5?
Two reporters from NorthJersey.com decided to look at RV sales in the region now that gas is peaking at record highs. Their findings won’t surprise anyone in the industry.
Recreational vehicles had a banner year in 2021 as cooped-up Americans looked to the great outdoors as an escape from COVID cabin blues.
RVs fit the bill nicely, industry leaders said, and sales soared.
One year later, as life for most is beginning its trek back to normal and gas prices surpassed $5 a gallon, RVs are holding their own, with sales dropping only slightly and not all due to a decrease in customer demand.
Some RVs with tanks that hold 100 to 150 gallons of fuel cost between $500 and $750 to fill up and get between 7 and 9 mpg.
Yet, after a record year in 2021, with more than 600,000 vehicles ordered, 2022 has been relatively strong. Orders show U.S. dealers are on pace to sell about 550,000 RVs, said Monika Geraci, spokesperson for the RV Industry Association of Virginia.
Supply chain issues have contributed to slowing down the RV market. Some RVs ordered this year won’t be delivered to customers until 2023.
The trend is surprising to some, but not to those who follow the industry.
The popularity of recreational vehicles has been on a 40-year upswing.
Click here to read the full report from Matt Fagan and David M. Zimemer in NorthJersey.com.