March Motorized RV Sales Fall 31%
Record-high gas prices and a turbulent economy continued to take its toll on motorized RV sales in March as the sector extended its string of double-digit declines this year, down 31%.
“We sound like a broken record but nosing to further larger declines is not shocking with consumer confidence at multi-decade lows, with home prices falling and with fuel prices in new-high territory,” noted John Diffendal, an analyst with BB&T Capital Markets, of the motorhome retail environment.
According to data from Statistical Surveys Inc., overall motorized sales totaled 3,202 units in March versus 4,633 a year ago while registrations for the first quarter fell 24.8% to 8,632 units from 11,483.
March Class A motorhome sales plummeted 33.2% with 1,888 units sold compared to 2,826 in 2007. For the three months, registrations decreased 25.5% to 5,453 units from 7,315 the year prior. March March Class A diesel registrations fell 32% while Class A gas declined 34%.
The Class C retail sector showed a 27.3% decline in March with 1,314 units sold versus 1,807 in 2007 while year-to-date registrations dropped 23.7% to 3,179 units from 4,168.