The RV Craze Is Officially Over

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[{"selector":"#anim-81727e1f-a5aa-433f-9956-24a1f837c71b","keyframes":{"opacity":[0,1]},"delay":200,"duration":750,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-12fdfdc4-d64a-404c-b2b6-b0aba081544a","keyframes":{"transform":["translate3d(-300.82645%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":750,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d2c31e50-c378-4ad6-9c9f-5ffe91a63fb8","keyframes":{"opacity":[0,1]},"delay":200,"duration":750,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7686f42f-2bfc-4a58-8573-96463a467c09","keyframes":{"transform":["translate3d(-462.68646%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":750,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1b9ede0b-b64d-4049-90d6-eb583644bf0f","keyframes":{"opacity":[0,1]},"delay":200,"duration":750,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d63bad4c-f2fe-4313-aeb4-86616ec3414e","keyframes":{"transform":["translate3d(186.15384%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":750,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-81fd5c94-080f-4bf2-86a2-21e0ca67f427","keyframes":{"opacity":[0,1]},"delay":200,"duration":750,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1cc397b8-a536-408a-b7af-35faa6099a8f","keyframes":{"transform":["translate3d(193.37017%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":750,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-33b0d857-a996-474c-b997-ce1d4a2b9741","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-da6545f6-c697-4a14-a909-cf25b1cb2793","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1176cef7-7876-4e5a-9abf-2733cd9f86c1","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f8487874-c62e-435b-810c-565bf82b46aa","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Total RV shipments through August are down 36% this year compared to the same period in 2021, with the biggest declines coming from travel trailers and other towable RVs. Mini motorhomes Camper vans Travel trailers Towable RVs +27.3% +14.5 -43.7 -41.5 Year-over-year shipments

$30.5B

[{"selector":"#anim-db32f00e-1291-4d38-ab2e-5b46a604d47e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-67.45850552446277%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-8d3621d2-5d11-487b-83ab-827a8e3164dc","keyframes":{"opacity":[0,1]},"delay":4000,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3620b03f-58f6-4768-9588-afb26f6aa598","keyframes":{"opacity":[0,1]},"delay":4000,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Weakening economic conditions, including rising interest rates, are likely to blame for the decline in an industry with annual revenue from sales and services of: Weakening economic conditions, including rising interest rates, are likely to blame for the decline in an industry with annual revenue from sales and services of:

[{"selector":"#anim-579d6dc4-d634-44ce-b464-798424059c3c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-75.90790728950626%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":200,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a1219296-0c25-484a-8a8c-611695e9cea3","keyframes":{"opacity":[0,1]},"delay":4000,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-47fe5454-103d-4e9b-8036-c29185afb053","keyframes":{"opacity":[0,1]},"delay":4000,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The U.S. RV market is dominated by four major companies, all of which are publicly traded: The U.S. RV market is dominated by four major companies, all of which are publicly traded: – Thor Industries / THO – Forest River (a Berkshire Hathaway company) – Winnebago / WGO – REV Group / REVG – Thor Industries / THO – Forest River (a Berkshire Hathaway company) – Winnebago / WGO – REV Group / REVG

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“

Gregg Fore, Chief Revenue Officer, RVBusiness

Gas Car Ban Ripple Effects Coolest EVs Coming Soon MORE FROM BARRON’S Nick Hallam DESIGN Courtesy of Forest River, Thor, Winnebago PHOTOS FactSet, RV Industry Association, RV Business DATA Anita Hamilton STORY

The RV Craze Is Officially Over

The RV Craze Is Officially Over

$30.5B

“

The RV industry faces a period of headwinds in the coming months — how long is anyone’s guess.”