In The Midst Of Travel Limitations, RV Sales Are Up

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RV prices have been rising during the pandemic.

Monika Geraci with the RV Industry Association said sellers first noticed something going on in the spring, which is already normally a good time for RV sales.

“But it became clear very quickly that this was not pent up demand,” Geraci said. “These were new people who had either maybe considered RV-ing, but this was what pushed them over the edge, or a lot of people who had never considered RV-ing now were looking for a way to get out and travel.”

It kind of makes sense. Over the summer, lots of folks didn’t go on vacation and stay in hotels. Instead, a lot of people bought RVs.

Geraci said suppliers are seeing a big increase in first-time buyers who are overwhelmingly buying cheaper, towable RVs. Shipments of those units are up more than 35% from a year ago.

In fact, the industry is having a hard time keeping up with demand.

Check out the full article from Marketplace here.