This week, Congress focused heavily on the outdoor industry by holding hearings on recreation in both chambers. The House Committee on Small Business held a hearing..
Used RV prices have begun their annual seasonal decline according to a new report from Black Book. The latest monthly RV Market Commentary report breaks down sales of used motorhomes, fifth wheels and travel trailers. For motorhomes, including type A, B and C units, the average selling price was $46,293, down $2,068 (4.2 percent) from the previous month.
RV wholesale shipments posted a year-to-year decline of 12.9 percent in the 3rd quarter of 2019, narrowing the pace of losses ranging back to January.
General RV Center has opened a new location in Ashland, Virginia. Located at 12500 Harley Club Drive, the Ashland Supercenter was built on property adjacent to General RV’s former dealership.
Total RV shipments ended October with 38,972 wholesale shipments, down 10.5 percent from the 43,568 units shipped last year, according the RV Industry Association’s October survey of manufacturers. Towables totaled 34,866 units for the month, a decrease of 10 percent compared to last year.
The Federal Reserve probably should not have started to raise interest rates in 2015 on a mistaken assumption that inflation would rise, Federal Reserve Board Governor Lael Brainard said Tuesday.