Why Now Is A Good Time To Buy An RV

Above, at Alpen Rose RV Park in Durango, Colorado. Photo by Armand Vaquer.

Two weeks ago (already two weeks?!), my former roommate and I took a camping vacation to Durango, Colorado and Navajo Lake State Park in New Mexico. We had an enjoyable time. The high gas prices were mitigated by the fact that both places were under 200 miles from home and I had some extra cash from New Mexico's rebate program.

Paul Hemphill at The News-Review says that now is a good time to buy an RV.

His article begins with:

I can hear my readers now saying “How can you say it’s a good time to buy a RV when gas prices are high, interest rates increasing and inflation on the rise?” All great points.

However, the current economic conditions also present unique opportunities to buy an RV.

Not long ago, RV dealerships were struggling to get inventory, with supply chains hampered by COVID-19. RV dealers were ordering units from manufacturers with long wait times for delivery. Now, the orders for those same RV dealerships are flowing in and, once again, filling the lots up with RV inventory.

One of the first rules of economics tells us that when the supply of a product is low, the demand is generally high. Conversely, when there is a lot of supply, the demand is often lower and therefore prices are lower.

To read more, go here.