Higher inflation and lower retail registrations have not soured dealers’ sentiment on current conditions, the latest survey conducted by RVDA and Baird found.
However, dealers’ future outlook turned sharply lower in April.
The April Dealer Sentiment Index found dealers’ three- to five-year outlook plummeted to a 39 out of 100 (any number above 50 being positive).
The score fell 28% from the 54 registered in March. It is the first time, Baird research found, the three- to five-year outlook has been below 50 dating back to the survey’s initial research in July 2006.
The April current outlook rose a point from March to 57, the second consecutive month of improving sentiment in the current outlook.
RVDA is dedicated to advancing RV dealers’ interests through education, member services, industry leadership, and market expansion programs that promote the increased sale and use of RVs and enhance the positive image of the RV experience. RVDA is based in Fairfax, Virginia. For more information on RVDA, visit www.rvda.org.
Baird is a privately held financial services firm with a history of serving partners since 1919. Its broad equity research coverage includes the RV, marine, and powersports industries, with an emphasis on understanding the entire RV ecosystem. www.rwbaird.com.
