2022 RVing Saw a Mixed Bag of Positive and Negative Influences
There were many positive changes in the RV industry but some of these positive gains were offset by new negative influences. For example, RV ownership now exceeds 11 million households, more than at any other time in history. Camping and outdoor recreation has never been as popular and RVers are enthusiastic about their RVs and their recreational opportunities. However, this has resulted in more pressure in the outdoor hospitality industry and some of the most popular destinations have seen campsite availability shortages.
Another positive change in 2022, saw supply chain constraints and labor shortages ease as RV manufacturers caught up with back orders and began to fill the pipeline with new models. Unfortunately, there are still some lingering shortages of key components which continue to challenge manufacturers and service facilities, but the overall health and stability of the RV industry is better than it was in 2021.
At the same time, however, new financial pressures are impacting RV sales. Interest rates on big ticket purchases (houses, cars, boats, RVs) are higher than a year ago, inflation worries and an underlying concern about a pending recession are worrisome undercurrents in the minds of RVers and these financial concerns have had a chilling effect on new and used RV sales.