RV Sales Slump, But Industry Still Poised for Growth

The U.S. economy may ultimately skirt a recession, but it’s felt like one for months at Jon Ferrando’s 103 RV dealerships. He said retail sales of recreational vehicles are on track to be the lowest since 2015. There’s “definitely a recession in RVs,” said Ferrando, CEO, and president of Fort Lauderdale, Florida-based Blue Compass RV, which operates in 33 U.S. states. The industry faces a dual challenge of rising sticker prices due to inflation and higher interest rates that make it harder to borrow, which has curbed buyers’ appetites. In addition, many dealers piled up pricey inventory from the boom … Continue reading RV Sales Slump, But Industry Still Poised for Growth