Industry Analysis & Industry Trends
The Recreational Vehicle Dealers industry fared well after the recession, with consumers leaning toward cheaper road trip vacations. RVs allow vacationers to save on hotels and travel, making them a cheap alternative for those still recovering from the recession. Revenue is expected to grow slightly faster in the five years to 2020... purchase to read more
Industry Report - Starting a New Business Chapter
The industry experiences moderate barriers to entry. Hopeful entrants must secure contracts with vehicle manufacturers and adequate capital for inventory and storage space. Additionally, hopeful entrants must sign manufacturer franchise agreements, which must be renewed annually at the discretion of the manufacturer.
RV dealers need reliable financing arrangements for inventory financing and customer loans. Most RV dealers purchase inventories on credit and usually secure loans to finance customer purchases. Interruptions in these credit flows can disable RV dealers, which occurred in the onset of the recession. During this time, turmoil in financial markets drove many financiers into bankruptcy, paralyzing the operations of their RV dealer customers... purchase to read more