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RV News: What’s the Latest in the RV Market?

RV News: What's the market?

RV News: Overview of the RV Market

Here is the latest RV News. With the current pandemic still requiring many people to keep their distance from one another, recreational vehicles such as motorhomes and boats have provided an escape from the closed-off indoors. Recreational vehicles (RVs) allow people to travel the country in more comfort and style than that offered by an average truck or car, and all while remaining socially distanced.

For those itching to explore the outdoors but are also taking extra precautions to stay distant from other people, a motorhome is a great investment because it offers a lot of flexibility to travel four multiple days or weeks while staying protected from the elements and other people. Imagine beautiful autumn woods or stunning lakeside views from inside a warm RV any time of the year.

The RV market is hot right now; motorhome sales boomed throughout 2020 and 2021 and are projected to continue growing in 2022. If you’re looking to sell your RV, this is a great time for it, and if you’re looking to buy, prices are high but travel is popular and more and more locations are offering storage and hook-ups for your vehicle. Interested in watching the RV market some more? You can keep up with the latest RV news by subscribing to our email newsletter.

RV News: Where Can RVs be Stored?

When opting to buy a motorhome, many people wonder where it can be stored when not in use. On the road, motorhomes can be parked in a campground, state park, truck stop, or RV resort. At home, however, while some may be able to store it long-term on their own property, most will have a need for an RV storage facility, where both covered and enclosed storage options are available.

RV News: Who Owns RVs?

RVs, especially motorhomes, are great for anyone who loves to travel and sleep overnight in beautiful locations, but doesn’t enjoy the hassle of setting up and taking down a tent. RV owners are frequently retirees, young couples (or singles) without children, or people who are able to work remotely. It’s also common for families with children to opt to buy a motorhome, especially in this day and age where the comforts of home and technology are difficult to leave behind for a camping trip in the woods.

Some people prefer to rent RVs rather than buy them, which has led to the recreation of RV resorts and RV storage facilities. Those who leave RVs in the care of someone else for a few months of the year are known as that person’s tennants. If you’re an RV resort or storage facility owner who is looking for additional benefits you can offer to tenants, we’re proud to say that we’re also well connected with trusted industry leaders in the RV storage protection field, such as RVGapCoverage. We can help you determine what type of protection is best for you and your tenants, and help you set up a coverage plan with RVGapCoverage that can earn you extra revenue too.

RV News: Most Popular RVs

Popularity

Travel trailers, also known as towable units, are still leading as the most popular type of motorhome. A travel trailer is towed behind another vehicle, such as a car, and provides a more comfortable, more protected place to sleep compared to the average tent. When it comes to convenience, travel trailers are hard to beat for their small size and the fact that your car can join you on your trips around the countries. Large motorhomes may have lots of interior space, but are difficult to maneuver in traffic. A travel trailer is ideal when you want to set your trailer up at a campground or national park and still use your car to drive around a nearby town and pick up some groceries.

Reliability

When it comes to reliable motorhomes, Entegra, Airstream, and Winnebago, to mention a few, have your back. All three have been around for many years and are as durable as their brands. These manufacturers are highly experienced and provide a wide range of recreational amenities to go along with your purchase if you desire. Their popular models are easy to shop around for, making it easy to find replacement parts or someone knowledgeable enough to repair a problem if you run into any issues on the road.

Is This a Good Time to Buy an RV Storage Facility?

Demand for RVs is still growing, for purchases and rentals alike. It is anticipated that 2022 RV models will be sold for all-time high prices, and motorhome sell prices are not expected to fall any time soon. RVs may be expensive right now, but demand tends to be higher than supply. Those who intend to get their mileage out of a motorhome in the next few years, will find it may still be worth buying while they’re available. December and January are the best time to buy an RV since demand is lowest during the winter. Montana is the cheapest state to register an RV in, while Arizona, Texas, and Florida are the cheapest states to buy RVs in.

Moreover, not all hope is lost for those stressing about the strain an RV purchase may place on their wallet. As more and more businesses open after the pandemic and people return to work, there’s a high chance that some people who rushed out to buy motorhomes will realize that a life of travel and camping may not be for them. Because of this, some people are abandoning their motorhomes, or selling their RVs for lower prices than new motorhomes straight off the lot. Interested parties wil continue watching the market long enough and are sure to find the motorhome that’s right for them, even if it is gently pre-owned (and pre-tested on the road).

There’s no better time to build an RV storage facility than now. To keep an eye on the RV news, the market, subscribe to our newsletter, attend one of our events, and consider becoming a member of Toy Storage Nation.

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