RVDA Survey of Dealers Concludes that Lack of Financing Opportunities are Hurting Sales Industry Wide

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Pedata RV Center recently participated in the RVDA Survey of Dealers regarding the State of RV Retail Financing. An update was sent out to survey participants in early December 2008 thanking dealers who provided information and concluding that the survey confirmed two things: 1) consumers are having a harder time obtaining RV retail loans and 2) the industry is losing potential sales due to lack of financing. The RVDA is actively searching for a solution to the problem.

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Hopefully having the issue documented by a reputable organization like RVDA will get things moving and we'll see an increase in financing opportunities. I haven't seen a decrease in consumers interested in purchasing. But I've definitely noticed a difference in the number of interested parties who are able to get financing for their purchase.

Early December 2008 marked the conclusion of the RVDA Survey of Dealers regarding the State of RV Retail Financing (for full survey data click here: http://www.magnetmail.net/images/clients/RVDA_VA/attach/StateofRVRetailFinancing1108SurveyPDF.pdf). The survey confirmed what many already believed to be true: the lack of available financing is leaving its mark on the recreational vehicle industry with a notable loss of potential sales. Consumers looking to purchase a new or used RV are finding themselves at a loss as they are unable to find available financing to suit their purchasing needs. Dealerships who participated in the survey received a quick update from RVDA thanking them for their participation and notifying them that the survey confirmed that there is a problem. Lack of financing is inhibiting consumers from making recreational vehicle purchases.

RVDA went on to assure participating dealers that they had already shared the survey data and conclusions with both the RVIA and The American Recreation Coalition as well as other organizations concerned with outdoor recreation. RVDA approached the other organizations with the purpose of forming a unified group to present the message that the need to present RV purchasers with available financing is critical to stimulate RV sales.

RVDA leaders hope to present the information in a way that will make clear the connection between the RV industry and the general state of the economy as a whole. They believe that government leaders need to look at the available information and recognize that by stimulating RV sales they can move towards getting the overall US economy back on track. For more information on RVDA's efforts to alleviate the problems created by lack of available retail financing click here.

Pedata RV Center (PedataRV.com), one of the dealers who participated in the survey suggested that the survey's conclusion upholds the trend they are noticing in their own sales. Clint Ethington of Pedata RV Center suggested, "Hopefully having the issue documented by a reputable organization like RVDA will get things moving and we'll see an increase in financing opportunities. I haven't seen a decrease in consumers interested in purchasing. But I've definitely noticed a difference in the number of interested parties who are able to get financing for their purchase."

Pedata RV Center:
Pedata RV Center is one of the largest RV wholesalers in the country. Their RV sales began 10 years ago and now reach throughout the US and Canada. Several years into the project, they began selling RVs direct to the public taking advantage of their low overhead and eliminating the middleman (and the typical middleman's markup).

For More Information:
For more information on Pedata RV Center or current trends in the RV industry contact Clint Ethington, General Manager, at clint (at) pedatarvcenter (dot) com or by phone at: 1-888-545-8314 or 520-807-0900. Visit Pedata RV Center online at http://www.pedatarv.com.

Contact:
Clint Ethington
Pedata RV Center
http://www.PedataRV.com
Phone: 1-888-545-8314 or 520-807-0900
Email: clint (at) pedatarvcenter (dot) com

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