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October motorized sales fell 48% in year-over-year comparisons as consumers continue to curb spending in the face of a weakened economy.
According to Statistical Surveys Inc., Grand Rapids, Mich., registration information from Florida, California, Idaho, Georgia, Maine and Vermont were delayed and not included in the monthly report. Florida and California represent two of the larger market share regions, which may have resulted in overstated declines.
Overall October motorhome sales dropped to 1,690 units compared with 3,252 a year ago while year-to-date registrations retreated 39.5% to 25,610 units from 42,320.
Kathryn Thompson, analyst with Avondale Partners LLC, noted that conditions aren’t likely to change heading into 2009.
“While comparisons do begin to ease more meaningfully in November, given the overwhelmingly negative feedback we received at last week’s RVIA show in Louisville, Ky., we do not expect any near-term relief for RV retail sales declines,” said Thompson in a note to investors.
Class A sales were down 49.4% in October with 1,043 units sold versus 2,063 the previous year. For the 10 months, the Class A segment decreased 42.5% to 14,875 units from 25,855 in 2007.
The Class C market also suffered significant declines for the month, dropping 45.6% to 647 units sold from 1,189 the year prior. Year-to-date, Class C registrations were down 34.8% to 10,735 units compared with 16,454 a year ago.