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Boats and RV sales are on fire

Old 05-27-2020, 09:06 AM
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Default Boats and RV sales are on fire

All those hoping to get a great deal on a boat are out of gas. My brother who was never interested in boating decided he wanted a boat to enjoy the outdoors without a ton of people around and every boat he liked was sold out. Finally a friend who's client is a dealer had a boat that had not been listed yet, he went saw it and bought it on the spot. The surge in demand coupled with manufacturers being closed for almost two months has made the boats out there now a hot commodity. My boat I had for sale sold in about a week.

People are looking to get out without crowds so RVs are also hot right now.
Old 05-27-2020, 09:29 AM
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That ship has passed.
Old 05-27-2020, 09:36 AM
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Not just boats and RVs. In my area 75% of the homes being listed are going under agreement in less than a week. Listed mine as a FSBO 2 weeks ago at $639,900 and was under agreement in 8 days. It's insane the amount of millennials that are hell bent on getting out of the city.
Old 05-27-2020, 09:39 AM
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I have a friend in the boat industry he said they cant keep them on the lot. Another friend list his well kept roundabout in one day he had close to 12 inquires. Sold in a few days
Old 05-27-2020, 09:57 AM
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https://rv-pro.com/news/april-rv-shi...c0MTM4MTg3NAS2

April RV Shipments Down Dramatically Due to COVID-19 Plant Closures

May 26, 2020
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RV PRO StaffAs expected, due to nationwide retail and manufacturing shutdowns during the month related to the COVID-19 pandemic response, the RV Industry Association's April 2020 survey of manufacturers found that total RV shipments were reduced significantly, ending the month with 7,197 units.

Towable RVs totaled 6,503 units, motorhomes 694 units, and Park Model RVs totaled 240 wholesale shipments for the month.

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In terms of Park Models, 240 were shipped in April compared with 433 last April, a decline of 45 percent. Year-to-date through April, 1,283 have been shipped this year, compared with 1,497 during the same period a year ago.

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https://rv-pro.com/news/report-rv-sa...c0MTM4MTg3NAS2



Report: RV Sales Skyrocketing During the Pandemic

May 26, 2020
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RV PRO StaffGRAIN VALLEY, Mo. – While most tourism-related sales are slumping right now, one industry is booming: RV sales.

Millions are unemployed. People have been told to stay at home.

It’s not the time you’d probably want to work in sale- based commission in the auto industry or anything related to travel tourism.

So, the general sales manager at Lifestyles RV in Grain Valley didn’t expect to see every parking spot in their lot taken up by customers when the dealership reopened last month after a brief shutdown.

“Not really, it was a surprise,” Wayne Brown said.

But it’s stayed that way ever since, with the RV industry as a whole reporting shattered sales records.

Click here to see the entire report from Dave D’Marco of Fox 4 News in Kansas City, Mo.

“Right now we are doing three times the normal deliveries we do in a week,” Brown said.

We asked Dan Barrett, who plans to travel this summer, why he wasn’t planning to fly and stay at a hotel?

“You have to sit next to people,” he answered.


https://rv-pro.com/news/home-price-g...c0MTM4MTg3NAS2

Home-price Gains Continued in March

May 26, 2020
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RV PRO StaffThe pace of home-price appreciation again ramped up in March, even as the coronavirus pandemic hit the U.S., according to a major price barometer.

The S&P CoreLogic Case-Shiller 20-city price index posted a 3.9 percent year-over-year gain in March, up from 3.5 percent the previous month. On a monthly basis, the index increased 0.5 percent between February and March.

Because of the two-month lag in the data included in the price index, the effects of the coronavirus pandemic on the housing market were not yet fully reflected in the data.

Click here to read the entire report from Jacob Passey on MarketWatch.com.

Is this good news? As for where home prices will go because of the coronavirus pandemic, the jury is out. A report from Zillow ZG percent indicated that home prices could fall as much as 4 percent in a worst-case scenario because of the outbreak, while Fannie Mae has forecast home prices to continue rising in spite of the pandemic.
Old 05-27-2020, 10:06 AM
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I don't get it. With 25% of every worker being laid off, where is the money coming from? Surprises the hell out of me....
Old 05-27-2020, 10:09 AM
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Originally Posted by homeby51 View Post
I don't get it. With 25% of every worker being laid off, where is the money coming from? Surprises the hell out of me....
The printing press
Old 05-27-2020, 10:22 AM
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Folks might be fearing impending inflation due to the printing presses churning non-stop.

Get rid of stored cash and buy something tangible.
Old 05-27-2020, 10:28 AM
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Originally Posted by js118 View Post
I have a friend in the boat industry he said they cant keep them on the lot. Another friend list his well kept roundabout in one day he had close to 12 inquires. Sold in a few days
Boat sales on this website are similar. Boats for sale that are priced reasonably are selling quickly, and we have more WTB ads on the site now than we have ever seen.
Old 05-27-2020, 10:36 AM
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I sold my little 19 foot bay boat with 115hp Etec on it for cash in 6 hours. I had multiple offers within 2 hours of posting on CL.
Old 05-27-2020, 10:38 AM
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Seeing the same in PWCs. Picked up a Sea Doo for the kids to play around on when we take to boat out and waited a day to pull the trigger. The showroom was nearly wiped out and they had to get a new load of trailers for the rest of the stock. Went back a week later for an adjustment and they were cleaned out. Production couldn't keep up. Sales guy said it was the best March and April he could ever remember seeing.
Old 05-27-2020, 10:38 AM
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Another story just released..

https://rv-pro.com/news/scared-ameri...c0MTQzNzE1MAS2

Scared Americans are Buying up 'Covid Campers'

May 27, 2020
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RV PRO StaffFloor traffic at Mike Regan’s two RV dealerships outside Austin, Texas, is up 30 percent compared with last May. And the reason is fear.

Cooped-up Americans desperate to get out after months of lockdowns are dreaming of doing something – anything – that resembles a vacation. But a majority of them worry a second wave of the coronavirus is coming and think politicians have pushed too fast to reopen. Unsurprisingly, when it comes to getting out of Dodge, the close quarters of an airline cabin are a no-go.

That’s where the “Covid Camper” comes in.

This report was originally written by Jeff Greene for MSN.com.

After a six-week hiatus, Regan said business has been so brisk that he may not have enough trailers and motor homes to meet demand.

“The minute the campgrounds opened on May 1 and the governor turned everyone loose, our business went through the roof,” said Regan, whose sales at his Crestview dealerships were down about 50 percent just last month.


Old 05-27-2020, 10:47 AM
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Originally Posted by THT Mod 11 View Post
Boat sales on this website are similar. Boats for sale that are priced reasonably are selling quickly, and we have more WTB ads on the site now than we have ever seen.
Tell me about it!! I have been eyeballing the Boat Classifieds for the last two months. Every time I see the type of boat I am looking for, it has a WTB next to it.

RVs... I went to an RV store three weeks ago to get a replacement faucet. Got to talking to the two salesmen there. They have been seeing some the best sales in recent memory.
Old 05-27-2020, 11:50 AM
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Think of all the people with cash from vacations that never happened or where going to happen, or the reduction in monthly entertainment/dining expenses the past couple of months, or the higher take home pay many are experiencing from bonus unemployment benefits and most people who have been cooped up wanting to finally make transactions that had been postponed. or the fact that many of the 75% that lost their job where not the ones to be running out and buying high ticket items anyhow.

And then there is the free money aspect.

Old 05-27-2020, 11:52 AM
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The boulder of debt is pushed to a higher point on the cliff, with no end in sight.
Old 05-27-2020, 12:20 PM
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Dealers have no boats to sell. New ones are are gone for the most part, new boats are 2-3 months out and the used market for boats that aren't junk is slim pickins.
Old 05-27-2020, 12:21 PM
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Originally Posted by homeby51 View Post
I don't get it. With 25% of every worker being laid off, where is the money coming from? Surprises the hell out of me....

Let's see what happens when that $600 juice of unenjoyment ends in July.

Then we will see how strong the economy is.
Old 05-27-2020, 12:27 PM
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I have been trying to sell a 2019 travel trailer under blue book for 4 months. Way below!! No luck in Michigan. I inherited it. Have tried facebook, craigslist, rv trader etc. 2019 KZ Connect 241 RLK. 16900. Brand new condition, still has plastic on mattress.
Old 05-27-2020, 12:27 PM
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In the same vein. This morning sitting in the barber chair (South Dakota) the guy sitting in the next chair said the same thing about new cars, all time record month! Works for a large Ford dealer that's been here for a long time, can't keep inventory even close to demand!
Old 05-27-2020, 12:36 PM
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Put our 23' up on Boat Trader two weeks ago... Ad went active on Tuesday evening. Boat sold that Thursday morning.

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