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Tuesday, December 19, 2017

RV Boom: Thank Millennials

Above, a new Minnie Winnie on display at the 2017 California RV Show. Photo by Armand Vaquer.

The RV industry is currently in a boom. People of all ages are buying recreational vehicles of all kinds.

Why is this happening?

According to The News Wheel:
A decade ago, who could’ve imagined that RV sales would be at phenomenally high sales rates in 2017? In the midst of the financial crisis, it was laughable to think that the economy would turn itself around to the point that consumers would be invested unprecedented amounts of money into mobile vacation homes and trailers. But, with the economy on the upswing and consumers eager to dish out money on the latest and greatest transportation, RVs are basking in the glow of their revived popularity. 
According to RV manufacturers, they can’t produce units fast enough to meet the continually increasing number of new orders. Sales in 2017 are dramatically high, with shares for the top RV brands up 40-70% over last year. This is a far way to come from the plummet in RV sales that happened in 2008. 
Who’s making this RV renaissance happen? Millennials.

To read more, go here

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