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05-19-2008, 01:04 PM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Downturn in RV Industry
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"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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05-19-2008, 01:11 PM
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#2
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Full time employment: Posting here.
Join Date: Dec 2004
Posts: 699
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Was talking with a guy at a marina - he said "a lot of folks" are not putting their boat in the water because of the gas.
I do seem to think I'm seeing more boats / RV on side of road for sale.
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05-19-2008, 01:23 PM
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#3
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Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
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That article is, as you can imagine, all over the RV boards. As a potential (but by no means definite) RV upgrader in a year or two, we had all but abandoned the idea because of the cost of gas. However, at current levels the price savings upon purchase of a new or new-ish class A gasoline RV is thousands lower than it was, as in $10K lower or even more. For diesels, the savings are in the 10s of thousands.
That's 2500 gallons of $4/g gas which at 7 mpg means 17,500 miles. Most RVs are driven under 10k per year. So arithmetically, the savings probably more than offset the newly expensive gas cost for the average buyer.
Obviously there's more to the decision than fuel, but there are the numbers.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
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05-19-2008, 01:41 PM
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#4
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Recycles dryer sheets
Join Date: Apr 2005
Posts: 97
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There were still a lot of motorhomes on the road last weekend. We paid $4.49 per gallon for diesel, only needed 105 gallons.
Dave
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Born with nothing, still have most of it left!
Need to be on the road more!
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05-19-2008, 01:47 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,000
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This obviously doesn't work for the folks who are on a tight budget, but the current mindset of a lot of folks with high-dollar RV's goes something like this: "I paid $XXX,XXX to enjoy this thing, no way will I stop using it just because I'm going to be paying another $XXX per month for fuel."
Right Dave?
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Numbers is hard
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05-19-2008, 02:13 PM
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#6
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Recycles dryer sheets
Join Date: Apr 2005
Posts: 97
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The price of fuel can be hedged by purchasing energy stocks/mutual funds. Most commodities can be hedged to offset increases in consumer prices. You need to adjust your investments.
Dave
__________________
Born with nothing, still have most of it left!
Need to be on the road more!
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05-19-2008, 03:41 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,150
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I have a boat, but it will be the last one...
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No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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05-19-2008, 04:00 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Posts: 12,880
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This is a definite plus for us, with less of a summer traffic influx.
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Al
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05-19-2008, 04:35 PM
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#9
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Moderator Emeritus
Join Date: May 2007
Posts: 12,890
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I saw on CNBC today that boat repos have increased sharply in the past year(something like +200% if I remember well).
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05-19-2008, 04:38 PM
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#10
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Administrator
Join Date: Apr 2006
Posts: 22,923
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My brother owns an RV campground down in the Ozarks. He has seen a severe drop off in business over the past year.
__________________
Living an analog life in the Digital Age.
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05-19-2008, 05:43 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Posts: 2,487
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I'm going to check out the selection when I'm back in the states in a few weeks. I've been daydreaming an RV for some time now, and was thinking about buying in a year or so...maybe it makes sense to jump in now before the economy recovers...I like RiT's math, wonder if it will work on DW??
R
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05-19-2008, 06:28 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,000
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Quote:
Originally Posted by Rambler
I'm going to check out the selection when I'm back in the states in a few weeks. I've been daydreaming an RV for some time now, and was thinking about buying in a year or so...maybe it makes sense to jump in now before the economy recovers...
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I don't think you need to be in any rush. I expect prices will continue to drop for several months to come should gas and diesel prices continue to remain in the $4-5 level, something very likely to happen. You could save thousands more if you are patient.
__________________
Numbers is hard
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05-19-2008, 07:01 PM
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#13
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Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
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Quote:
Originally Posted by REWahoo
I don't think you need to be in any rush. I expect prices will continue to drop for several months to come should gas and diesel prices continue to remain in the $4-5 level, something very likely to happen. You could save thousands more if you are patient.
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I agree with that guesstimate.
The one exception might be if you can pick up a new 2007 - there are occasional models still around. I've seen a few Damons, Monarchs, Winnebagos and Forest River gassers. They were very aggressively priced.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
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05-19-2008, 07:42 PM
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#14
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,855
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Quote:
Originally Posted by Rich_in_Tampa
However, at current levels the price savings upon purchase of a new or new-ish class A gasoline RV is thousands lower than it was, as in $10K lower or even more. For diesels, the savings are in the 10s of thousands.
Obviously there's more to the decision than fuel, but there are the numbers.
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It's always better to upgrade your real estate at the pit of the recession downturn. Your sale may lose 20-30% but your purchase is also reduced by at least that much, and it's probably a bigger purchase to begin with.
Of course RVs depreciate a bit faster than homes, but I'm not sure if that's significant when gas prices are rising about 10x faster than the cost of electricity...
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05-20-2008, 04:05 AM
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#15
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Full time employment: Posting here.
Join Date: Oct 2007
Location: Montreal
Posts: 940
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Bet the sail boat crowd are having a bit of a chuckle down at the marina.
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"Second star to the right and straight on till morning"
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05-20-2008, 04:36 AM
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#16
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Moderator Emeritus
Join Date: Aug 2007
Location: Northern Illinois
Posts: 16,543
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I have the "prius" of boats. I should be able to get by with less than $20 in gas for the summer.
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05-20-2008, 06:40 AM
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#17
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,290
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Quote:
Originally Posted by Rambler
...I like RiT's math, wonder if it will work on DW??
R
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Didn't work on mine.
Just rolled her eyes and said "Nice try".
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When I was a kid I wanted to be older. This is not what I expected.
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05-20-2008, 08:30 AM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2005
Location: Chicago
Posts: 13,149
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Because you just stay at the dock and use it as a patio? Or do you have something magic to give you many cruising hours per gallon
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"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
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05-20-2008, 09:41 AM
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#19
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Moderator Emeritus
Join Date: Aug 2007
Location: Northern Illinois
Posts: 16,543
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The motor is so small you cant see it in the photo - its a 9.9 hp - and yes sometimes I cruise out to a fishing hole and use it as a patio for a few hours.
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05-20-2008, 11:27 AM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 6,496
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The fuel cost of transporting my kayak to the local lake has gone up. However since I always stop at the local greasy spoon for coffee and BS, after paddling, some of the cost already figured in.
Attendance at the "truth and veracity league" aka liars club is fun. Though kayaking has been rough what with it raining nearly every day for the past two weeks.
The trailer, oh yes getting it ready, putting on new brakes etc. State forest lands not far way for boondocking. Saves fuel by staying within a hundred miles or so.
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