Although their attitudes were not as buoyant as a year earlier, RV dealers generally had an upbeat outlook as of early March, despite concerns about higher fuel prices and interest rates, according to the quarterly survey by A.G. Edwards & Sons Inc., a St. Louis, Mo.-based investment firm.
The 45 randomly selected dealers who were surveyed believed, on average, that total sales will be up 7.1% this year.
The sharp rise in fuel prices that occurred in early and mid-March made Jeff Graff, associate analyst at A.G. Edwards, believe the dealers might have been a little too optimistic.
Graff, as of mid-March, was forecasting a 5% sales increase for the industry this year.
For more details, see the May edition of RV Business.