Joe Hogan
RVF Supporter
- Joined
- Nov 3, 2019
- Messages
- 3,293
- Location
- Florida
- RV Year
- 2024
- RV Make
- Newmar
- RV Model
- Dutch Star 4311
- RV Length
- 43
- Chassis
- Spartan
- Engine
- Cummins
- TOW/TOAD
- 2018 Ford Flex
- Fulltimer
- No
During my employment financing RV dealership inventory for Bombardier Capital (purchased by GE Capital), we used the empirical data derived from the RV sector sales to predict the strength of the overall economy. During this time, I also was responsible for Powersports Inventory, Marine and Mobile Home dealer financing. The lead indicator was RV. We also watched the banking loan sector and home equity loans to predict RV sales trends. Using this data, 2007, 2008, 2009 was no surprise. Most of us prospered in our retirement accounts during the great recession in 2007, 2008, 2009.
That said, this is worth a read https://www.rvia.org/news-insights/rv-shipments-october-2019
There is some lag between a RV sales downturn and the overall economy. Generally, 12-18 months.
BTW This is not financial advice. This is only a general observation. I am no longer a licensed Financial Advisor and can not provide financial advice in any form.
That said, this is worth a read https://www.rvia.org/news-insights/rv-shipments-october-2019
There is some lag between a RV sales downturn and the overall economy. Generally, 12-18 months.
BTW This is not financial advice. This is only a general observation. I am no longer a licensed Financial Advisor and can not provide financial advice in any form.