About the RV Industry Getting Clobbered

Up here in BC and Alberta dealers are totally out of stock on almost every better rv and camping trailer. Only some shitty Jaycos and FRs collecting dust. But then we have never been as blessed as you guys regarding inventory.

Honestly, I have never looked at RV stocks. But I find this post interesting because I was driving home from Florida a few weeks ago and passed a large RV dealer (maybe in Tennessee?) and couldn't believe how much inventory they were sitting on - just "seemed" to be a lot. And if demand is slowing and financing more challenging, could be more pain ahead.
 
The best camping trailers imo are Lance, bar none. Twice as expensive as most models by mass producers but worth every penny. I know of guys with Lance truck toppers that are 30 years old and have never leaked ever.

We are living in abnormal times so your hunch on used units losing lots of value is currently incorrect. I hear of many dealers in the US and up here in Canada not negotiating an inch and certainly not giving any discounts even on 2020 and 2021 models. Anything in good condition from 2018 and newer is priced sky high in the secondary market. 2022 models are just now trickling in....

If you're gonna own one, go with Thor. $THO.

It's solid, they've been paying a healthy dividend for the last 15 years (currently 2.3%), the payout ratio is north of 10%, and there's a huge backlog on Airstreams.

As @newwurldmn pointed out, the price of these things falls off a cliff when when you drive a new one off the lot, but the one exception to that rule is in fact an Airstream. Try to find a used one for cheap. No such animal.

THO is down almost 50% from its 52 week high, and as I recall the CEO bought a ton of it around $105.


Lol. Great minds... I always think the same damn thing. I drive by one pretty regularly and I always look over and just scratch my head. There's a lot of money just sitting there doing nothing that's for sure. This one's right next to the interstate too and I swear I don't think I've ever seen anyone out there walking around on the lot. Big place. That said, they don't sell Airstreams.
Go with $THO>>> $77
 
As a trader I've learned not to let the fundamentals bias what I see on the chart. Price is determined by how investors perceive the fundamentals. I trust that the institutions who pay a lot of people a lot of money to disect all the data available are seeing something that we are not seeing. I'm quite happy to wait until thses stocks start to trend up before I commit any cash. The only thing I might miss is if the value gets low enough for someone to make a buy out offer.
 
@vanzandt spoke/recommended WGO when it was at ~$17. I was like , naaaaah.

WGO could easily end up at $40. Pro bois playing games. No rational reason is needed, some stupid story and down we go.
 
upload_2022-4-24_11-54-59.png
 
Many Covid road warriors are packing it in and heading back to a roof (a stationary one) over their head. Seniors likely to continue to be a key demographic and family weekenders.

But discretionary spending will decrease the higher and longer the price at the pump stays elevated.

As I said previously cheap can get cheaper.

Oh and down here in South Florida there is plenty of inventory and this state might be a bigger market than Cali, though not sure of that? Second biggest if not.
 
Up here in BC and Alberta dealers are totally out of stock on almost every better rv and camping trailer. Only some shitty Jaycos and FRs collecting dust. But then we have never been as blessed as you guys regarding inventory.
I just looked up which ones have the highest resale value, and friggin' Jayco is number 1. Airstream is #2. I never would have thought Jayco's would be #1.
Thor make both btw.

There's a company out there that's like an air bnb of cars, ie people will let you rent their cars. I wonder if anyone has started one of those with RV's yet? I mean for most people, the damn things sit parked in their driveway or at a storage facility 90% of the year anyway. Rent em out.

Imo, there's only one way to go with these things anyway, if one must hit the road. >>> A Prevost.
 
Forgot the name but such service does already exist.

Can't believe such study re Jaycos. Must be unfairly biased. There is no way in the world Jaycos retain value better than airstream. Perhaps as biased as motorbiskuit, a car and truck website that perennially shits on any non US car makers and somehow always finds faults with Toyota trucks and Chevy always ends up better value for them despite the brand being confronted by much higher loss of value and costs to repair.

I just looked up which ones have the highest resale value, and friggin' Jayco is number 1. Airstream is #2. I never would have thought Jayco's would be #1.
Thor make both btw.

There's a company out there that's like an air bnb of cars, ie people will let you rent their cars. I wonder if anyone has started one of those with RV's yet? I mean for most people, the damn things sit parked in their driveway or at a storage facility 90% of the year anyway. Rent em out.

Imo, there's only one way to go with these things anyway, if one must hit the road. >>> A Prevost.
 
Can't believe such study re Jaycos. Must be unfairly biased. .
Ya know I thought that too. I was 100% sure Airstream was #1, so I didn't just look at one review, I looked at like 1/2 dozen from different unbiased sites. It would appear Jayco is #1.

I bet however if they researched RV's that were 10 years old or greater, no one would even come close to Airstream. A friend of ours kid & his wife drove all the way from CA to Knoxville to buy a used one. They toured the country in it, kept it for a few more months, and then sold it out there for some ridiculous amount.


I'll see your picture and raise:

upload_2022-4-24_11-39-56.jpeg
 
Ya know I thought that too. I was 100% sure Airstream was #1, so I didn't just look at one review, I looked at like 1/2 dozen from different unbiased sites. It would appear Jayco is #1.

I bet however if they researched RV's that were 10 years old or greater, no one would even come close to Airstream. A friend of ours kid & his wife drove all the way from CA to Knoxville to buy a used one. They toured the country in it, kept it for a few more months, and then sold it out there for some ridiculous amount.



I'll see your picture and raise:

View attachment 282999
I need industry average of those ratios to reply
 
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