Recession fears aren't slowing down RV industry's surge, area dealers say

The industry barrels past most talk about downturns and recessions.


  • By Brian Hartz
  • | 4:50 p.m. August 18, 2022
  • | 0 Free Articles Remaining!
  • Travel-Tourism
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Sales of big-ticket luxury items, such as boats and recreational vehicles, surged during the COVID-19 pandemic, even to the point that order backlogs became an issue for some dealers. 

Tampa-based Lazydays Holdings Inc. (NASDAQ: LAZY), the nation’s largest RV dealer, saw a 90% increase in sales between May 2019 and May 2020, though that boom was preceded by layoffs and a freezing of pay increases and matching 401(k) contributions. The company posted $373.6 million in revenue in the most recent quarter, up $50.8 million over the second quarter of 2021, according to an earnings report. 

 

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