IDS 2024 RV Industry Trends Report

This drastic reduction from previous years points toward a stark reality: over 250k units fewer in the market, which can be attributed to varying market conditions and excess inventory in some dealerships.

Another factor to consider here is the "age" of the inventory.

Some manufacturers still have 2022 models in their active inventory. They opted against the usual model change during the mid-year of 2022, thus extending the '22 model year. Consequently, dealerships may find themselves in a unique scenario – hosting three different model years ('22, '23, and '24) concurrently on their lots.

What This Means For Dealers:

Growing Interest in Non-Motorized RVs Consumer-friendly pricing is driving demand for trailers, fifth wheels, and camper trailers, seeing a rise in adoption due to their cost-effectiveness and simpler maintenance. They offer a diverse product range with varied pricing options compared to motorhomes. Eco-Conscious Add-Ons As the world becomes more environmentally conscious, there's a heightened interest in off-grid add-ons. Customers are seeking solar panels, inverters, and other sustainable solutions, but the key here is affordability. People want eco-friendly solutions without the hefty price tag.

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