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| Above, Alpen Rose RV Park in Durango, Colorado. Photo by Armand Vaquer. |
The past several years, including the pandemic years of 2020 and 2021, have been boom years for the RV industry.
Now, thanks to the economic slowdown, inflation and high fuel prices, things have been tapering off.
Yahoo! Finance has an article musing if the "glory days" for the RV industry are coming to an end.
They begin it with:
The recreational vehicle (RV) industry was one of the few industries that prospered during the pandemic. With airlines and cruises not being particularly safe and viable travel options then, pandemic-weary Americans started looking for ways to venture out responsibly and turned to RVs.
RVs emerged as a rare travel winner in 2020 and 2021. But the recent economic slowdown is adversely impacting several industries and this time, the RV space has not been an exception. Demand and shipments of RVs are starting to slide. As recessionary worries loom large, it appears that the RV boom is nearing its end. Despite the uncertain scenario, two stocks — Cavco Industries CVCO and Patrick Industries PATK — could be attractive bets if you wish to stay invested in this space. But before delving into the stocks, let’s discuss the recent RV shipments numbers and outlook for 2022 and 2023.
To read more, go here.
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