A new survey conducted by RVDA and Baird found RV dealers’ outlook on current conditions softening.
The February survey found dealers remained positive on the current outlook, with a 55 score out of 100 (above 50 being positive). However, the 55 score is a 14% drop from the 64 score dealers reported in January and December. Current condition outlook is down 18% from November.
The three- to five-year outlook score also softened in February. Dealers again remained positive on the outlook, with a 53 score. However, the sentiment dipped 10% from a 59 score in January and December.
It was unclear when the survey was conducted. Russia invaded Ukraine on Feb. 24, with the war helping send commodities prices such as oil, steel, copper and aluminum soaring since.
RVDA is dedicated to advancing RV dealers’ interests through education, member services, industry leadership, and market expansion programs that promote the increased sale and use of RVs and enhance the positive image of the RV experience. RVDA is based in Fairfax, Virginia. For more information on RVDA, visit www.rvda.org.
Baird is a privately held financial services firm with a history of serving partners since 1919. Its broad equity research coverage includes the RV, marine, and powersports industries, with an emphasis on understanding the entire RV ecosystem. www.rwbaird.com.
