Source: Barron's
RV shipments for the month of June were 36,524, down 10% Y/Y. Through year-to-date June 2019, shipments were nearly 216,000, down 20% Y/Y.
RV shipments were white hot in 2016 and 2017. The logic went that the industry was enjoying the benefit of favorable demographics and also attracting millennials who wanted to enjoy the RV lifestyle. The wealth effect from rising financial markets also helped.
Industry sales began to crack last year, falling 4% Y/Y, and so did the fortunes of certain RV-related names. Some experts theorized RV manufacturers stuffed the sales channel