The Class A motorhome market has plateaued while the towable market continues to expand, according to a survey of 45 RV dealers conducted by investment firm A.G. Edwards & Sons Inc.
The survey was conducted June 14-15, according to Jeff Graff, the A.G. Edwards analyst who follows several RV companies.
A.G. Edwards had been forecasting a 5% increase in Class A motorhome shipments during the second half of this year, but it now believes the Class A market will be flat the remainder of this year and all of next year.
However, matching the shipments volume of 1999 would be no disaster because last year was the best for Class A motorhome builders in more than two decades, according to the Recreation Vehicle Industry Association.
“Dealers are indicating towable demand has been outpacing motorhomes throughout the current quarter with motorhome retail sales tracking down 2.5% relative to a 4% increase in towable units,” Graff wrote. “Our survey participants have lowered their full-year unit-sale expectations to an average increase of just 7.6% relative to 13.8% in our March survey.”