Why are RV so popular right now?

Camping proves to be the best avenue to get away, but still maintain some safety. Motorhomes, RVs, and other types of camping vehicles offer the freedom we seek and still allow us to practice social distancing. So, it’s no surprise sales of campers have gone sky high this year.

Are RVs becoming more popular?

Millennials have been renting and purchasing more RVs than ever before as road trips continues to be a bright spot during the coronavirus pandemic. According to new data from RV rental platform RVshare, 73\% of millennials both this and last year reported they were “likely to take an RV trip in the future.”

Why is everyone selling their RV?

In the industry, the rush of new buyers that went RV shopping last year are known as “COVID buyers.” Tired of being locked in, restricted from their normal vacation travel and aware of the need to stay socially distant, they started buying up RVs from dealer inventory.

Are RVs still popular?

Since May 2020, purchases and rentals of RVs in the U.S. have been booming, especially among first-timers. In fact, almost 80 percent of RVshare’s 2020 bookings were made by new users. —75 percent of travelers said RVs are a great choice for spontaneous travel and a quick getaway.

How is the RV industry doing?

The North American recreational vehicle (RV) market was valued at USD 26.7 billion in 2020. The market is anticipated to reach USD 35.7 billion by 2026, at a CAGR of about 5\% during the forecast period (2021 – 2026).

Will RV prices come down in 2022?

Higher Inventory Coupled with the expectation of an increase in used RVs, inventory should be considerably higher in 2022 than it was in 2020 and 2021. This would naturally drive RV prices down.

Is 2021 a good time to buy an RV?

RV Sales Are Booming in 2021 Due to the pandemic, RV sales are at an all-time high. Dealerships expect 2021 to be a record-breaking year. That’s splendid news for dealerships and manufacturers, but not so much for consumers. From June 2019 to June 2020, there was a 10\% increase in RV sales.

Are RVs still in high demand?

In the topsy-turvy pandemic economy, RV demand is at a record high, with manufacturers set to ship upwards of 543,000 units in 2021, easily besting the previous record of 504,600 units shipped to dealers in 2017.