Sunday, October 22, 2006

RV sales drag in a tough economy

Just as baby boomers cruise into retirement, their plans of buying a motor home or travel trailer have run into speed bumps such as higher interest rates and unstable fuel prices.

Ginger Mays of Hartland is asking $135,000 her 2-year-old, 39-foot Winnebago Journey motor home. It runs on diesel fuel and has three slide-out rooms and leather seats. First-time buyers might find it pricey, she says.

Nationally, motor home sales have been down every month since February 2005, according to Statistical Surveys Inc., a Grand Rapids, Mich., firm that tracks the industry.

Instead of taking out a $300,000 mortgage for a Class-A motor coach, more consumers are turning toward smaller units or used ones. Some are holding out until next year, hoping that the cost of borrowing money will edge down a little.

"We have had a lot of people who are going to wait," said Ron Peterson, owner of Scenic Traveler RV Centers in Slinger and Baraboo.

"We think they are ready to buy, and they just sort of back off," he said. Full Story...
How to Buy an RV, Before you Buy it An RV Education 101 E-book By Mark Polk

<< Home

This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]