Monday, October 27, 2008

RV sales hinge on available credit

The recent fall of gas prices by more than a dollar a gallon certainly won't hurt the RV industry, officials say.

But a far bigger boost will come when the seemingly frozen credit world thaws.

"We been saying all year that the real issue is not fuel prices," said Kevin Broom, director of media relations for the Recreation Vehicle Industry Association. "It's credit, and we believe that that continues to be the case.

"It may help some and may offer some hope but fuel prices are not the driving factor in consumers buying an RV, it really is credit —— where people can get loans for what they are buying."

Additionally, declining home values and overall consumer confidence also greatly affect sales.
Full Story...
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