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"The RV industry
is down but it's not
out"
RV shipments down but
large part of the market
still remains...
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The following summarizes an
October 2008 “letter to the industry” from Gary
LaBella, vice president and chief marketing officer
for the Recreation Vehicle Industry Association
(RVIA): |
Labella started by asking "What really happened to travel in general and our industry's image in this summer of volatile fuel prices, an economy in turmoil and historically low consumer confidence?"
These are the key points of his conclusions:
-
The RV market is down but not out. It is
true that 2008 shipments are forecast to fall by 24% to
266,800 units; however, to look at it in a more positive
light that means that 76% of the market still remains.
-
RVers still hit the road, albeit with
some adjustments. According to an RVIA post-summer survey,
48% said fuel prices did not affect their plans at all.
Citing both fuel costs and financial concerns, others told
us they continued to enjoy RVing, but adjusted by taking
fewer trips or staying closer to home. An impressive 80%
said they were able to keep RVing because "RV vacations cost
less than other options."
-
Campgrounds and RV rentals held their own
as campground business remained steady, down only slightly
from a record year in 2007, and rentals were "flat to
slightly up" overall for the summer, according to the
largest rental dealers.
"Granted
this may not portray a
booming travel market, but
it certainly does not
support the bleak vacation
outlook painted by the media
at summer's onset.”
What do you think?
Read RoTi readers' comments below and add your own opinion ... |
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