Recreational Vehicles Still on Track, Despite Crisis
"Our sales were up 20 percent over last year's Maryland RV show. People are still buying RVs. They still want to go camping, get away and have fun," said Charlie Wolf, Beckley's Camping Center sales manager said.
Tim DeWitt, Michigan Association of Recreation Vehicles and Campgrounds executive director, said attendance at the recent Flint Camper and RV Show was up 25 percent over last year.
In his opinion, the reason behind this behavior is that "this is a buyer's market," as anyone can "negotiate with dealers, who are discounting heavily."
Buyers who meet income requirements will also be able to take advantage of the new federal stimulus plan that provides a deduction of sales tax on the first $49,500 of a new motorhome purchase.
RVing may be the way to go, as family vacation budgets get smaller and smaller due to the financial meltdown. According to a study published by PKF Consulting, international travel and tourism analyst, using a RV to go on vacation is 27 to 61 percent less expensive than other types of vacations.
"RVing is a tremendously popular lifestyle that will endure through these tough economic times, because it's the most cost-effective way for families to have a great vacation," Richard Coon, Recreation Vehicle Industry Association president said. "Solid traffic at RV shows and the innovation going on within our made-in-America industry are signs that the long-term outlook remains positive."