It’s a Buyer’s Market for Boats, RVs and Other Pandemic Toys

[DrQ]

It’s a Buyer’s Market for Boats, RVs and Other Pandemic Toys​

They say that the second-happiest day in a sailor’s life is when he buys his boat. The happiest is the day he sells it.​

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Buyer’s remorse isn’t universal, and it often takes a while to set in, but the Covid-19 pandemic saw more than its share of regrettable big-ticket purchases. Extra cash and a desire for social distancing pushed sales of recreational vehicles, boats, motorcycles and snowmobiles to multiyear or all-time records. Then the cost of living increased, remote working got harder and, crucially, the interest rates to finance shiny, new playthings surged.​

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“The whole business is based on a monthly payment,” says Marcus Lemonis, chief executive of Camping World Holdings, the world’s largest RV retailer.​

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The result: Overflowing dealer lots at a time when plenty of lightly-used versions sit in driveways and marinas. That sounds like awful news for companies that struggled with pandemic supply-chain issues only to see demand for their recreational wares collapse once those problems got ironed out. It depends, though: Some are making lemonade out of lemons.​

 

[SteveinHNL]

I've occasionally thought that an RV would be a good thing to timeshare.

 

[simpsontruckdriver]

I've occasionally thought that an RV would be a good thing to timeshare.

You can rent an RV at RVShare.

TS

 

[DrQ]

I've occasionally thought that an RV would be a good thing to timeshare.

There is SO much maintenance involved in RVs and Boats, you are better off renting. With Timesharing, you still own.