-
What happened to the RV market in 2008, 2009
What happened to the RV market in 2008, 2009. How much the prices drop of Prevost class A RVs during the 2000 recession of 2008, 2009. 2010
-
5 Replies
-
Suggest you add a signature to your profile so folks know who you are.
-
What happened to the entire economy during those years?
Easy borrowing, purchases made with zero down payment for houses, cars, RVs, etc. and then when the economy burped when payments could not be made lenders ended up with repos, stuff was dumped into the market, and prices plummeted.
In Prevost world converters were stuck with product built on spec, and they dumped inventory. People were buying coaches at prices that were a steal. Converters learned quickly and some stopped production, some were still producing but at exceptionally low levels and solely for orders.
A number of converters did not make it.
-
I think the OP is Dr. G from New Jersey.
Some of the Class A manufacturers went out of business. Monaco for example was a HUGE manufacturer. Filed bankruptcy. Former high end salesman told me the bankruptcy was really big. The carcass (banking term) was traded around and is now owned by The Rev Group.
Liberty, Marathon, Millennium, and Featherlite survived economic downturn as Prevost converters as Jon indicated. Volumes were low, I suspect some of the contracted buyers couldn’t consummate the deals and the converters got hung with unexpected inventory.
Prices of used coaches were soft. But many of the owners were in a position they could hold their coaches through the downturn. We bought in early 2014 as prices were firming.
-
Bluebird was a casualties of that era.
-
Yes I got my H345 during that time it has not lost much value
Log in to reply.