Large RV Dealer Reports Crippling Losses -- Can They Survive?
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- เผยแพร่เมื่อ 26 ก.ย. 2024
- In this video, we share with you recent news reported by LazyDays RV Center. LazyDays reported massive loses for first quarter of 2024. What does this mean for LazyDays, the RV Industry and RV consumers in general.
Full article is here: www.rvnews.com...
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Call Lazydays Knoxville on a Wednesday to put a deposit on an Rv. And told the salesman an rv inspector would be there on Thursday to inspect it. And he told me that as of Monday they no longer allowed outside rv inspectors. I said, Thank you very much ! I will not purchase an rv without one. And they lost a sale.
People need to run from any dealer that will not allow an outside inspection.
@@improvagility5516 if we all stand up to those dealer and manufacturers they will come crawling back to us
Shot themselves in the foot huh?
These CEOS should be fired. As soon as Joe came in office they should have started liquidations. INSTEAD they built TOTAL CRAP WAGONS to FLOOD THE MARKET JACKED UP PRICES to the MOON and gave crappy service to their customers. Anyone could have seen this coming 7 YEARS ago which I did and sold my Condo and moved into a full time RV. No surprises for me. I gotta brain and saw this coming. These CEO's are total clowns
Bought a used C-Class Jayco 31 from a south Baltimore dealer, paid cash. 2018 Ford 450 Super Duty chassis, 2019 ‘house’. LOVE IT! Horrible dealer. Horrible service dept. Salesman lied about stupid stuff, misrepresented the warranty. Great rig, use it A LOT. Just crossed 50K miles. Despise necessary ongoing interactions with the dealer…mostly, they tell me what they “won’t do”.
If the RV industry didn’t get greedy during C-19 they be in better shape. They been ripping us off the last few years. Prices need to come down still. Great video guys. Be safe.
Terrible build quality from the manufacturer and and terrible customer service from both the mfr. and the dealers.
Price is the least of the problems. It’s quality that needs to come up. Would be nice if prices came down also.
The reason why I won’t go to a dealer and buy another RV right now is plain and simple: 1) Poor quality 2) Poor customer service 3) Dealers deceptive practices and ridiculous fees for alleged work (PDI) they do or don’t and others miscellaneous fees.
Thanks for sharing.
Ditto, ditto, ditto.. I've been in the market for last 2 years and after far too many bad dealer and product quality experiences, I'm parked on the sidelines and have moved to finding other ways to spend my leisure and travel money...
Not to mention the icing on the cake of interest rates!!!
It's pretty amazing, Lazy days just opened a new location by me here in Fort Pierce where there was already a huge La Mesa and Camping world location. General RV moved in also. They must be out of their minds. 😆
There are many YTbrs like the couple from Vancaskeys who bought an (rv) van from an Arizona dealership and suffice it to say, they've named their van "Mr. Lemon" They've resorted to just fixing some of the problems themselves because the dealership is so hard to deal with. (no pun intended) The losses of the dealerships is cuz of greed and poor quality, ur right.
High prices ,poor quality ,poor dealer service ,high interest rates,high fuel prices ,sounds like the perfect storm
Having purchased motorhomes from two different Camping World dealerships and dealt with them after those purchases I won't shed one tear if they go out of business.
I don't know which is more insane. RV manufacturers that build coaches with spit and staples or buyers who think that an RV is a wise purchase. Until RV builders learn how to construct an enclosure that won't come apart in 6 months, they will always be in court fighting buyers who claim they bought a pig in a poke. If your that hell bent on getting an RV....rent one first, that should help cool your jets.
If you buy a new RV in North America, you end up signing a brutally comprehensive agreement with the manufacturer that hold them harmless for just about everything AND includes an ironclad arbitration clause. IOW, you ain't going to court, since you already agreed not to, no matter how bad they are screwing you. Manufacturers don't spend much time in court, since you gave away 99% of your legal protections when you signed the contract.
For more info. on this, see Steve Leto, a well regarded lawyer, who has a fantastic TH-cam channel. He truly thinks that ANYBODY who buys a new RV in North America is an idiot, making a mind-blowing mistake. He goes into great detail as to why you essentially purchase a piece of shit on a "where is, as is, it is what it is, get over it" basis, and anything done to rectify any of your displeasure is at the whim of the manufacturer. It is actually pretty stunning to learn.
Just buy a good used one! Our 5th wheel is several years old but we take good care of it and do the needed maintenance. We wouldn't trade even for a new one!
I was very keen to buy a new RV for retirement about 6 years ago but then all the problems started to hit……..poor quality, dealership shanigans, COVID, sky high prices……….so decided to bail on the idea and just travel staying in hotels.
Poor quality + poor service = out of business.
I once owned an RV, a 5th-wheel toy hauler that could best be described as a rolling trash bin. I bought it "new" from a dealer in 2008 and it was heavily discounted, I assume due to the ongoing financial crisis. I paid cash, I am a boomer and learned not to finance toys. Of course, I also bought a dully diesel, a Ford F-350, to tow it. The build quality of this Thor trailer was so bad that things started breaking inside a month. The dealer was no help, I was now the enemy. Overall, a horrible experience. I parked the trash bin and waited out the market until 2013 and finally sold it, Nowadays I ride my Honda Gold Wing and stay in 2-3 star (Super 8, Hampton, etc.) hotels. The hot water is plentiful, I get forty mpg instead of six. Honda dealers honor the warranty w/o discussion, not that you ever need it.
As I explore our big country, I see field after field of towable RV's and sometimes even motorhomes and i always wonder why? Why so many unsold units and who floorplans (finances) these units? For me, never, ever, again.
I canceled plans to purchase after watching TH-cam videos opening up my eyes to the poor build quality control and the reports of bad treatment by dealers once they push you to take delivery and drive off the lot. What good is an RV that must spend weeks/months at the dealership for remediation. I wanted a 23 or 25 foot Airstream and learned that they are now owned by Thor and quality has taken a dump as a result. I'm retired now and had dreams of exploring America. I even purchased an SUV with 8700 pound tow rating in anticipation only to be sobered by so many TH-cam videos testifying to issues with customer dissatisfaction. Whereas my dream is dashed, I'm grateful for the honesty and candor of others who took their time to share their horror stories via the internet so that the rest of us would not fall victim to the shady industry from manufacturers to dealership chains.
It isn’t exactly breaking news that Thor owns Airstream. Thor has been owned Airstream for over 40 years. Airstream is the company that launched Thor. Just remember that negativity sells on TH-cam. Don’t believe all the negative hype. There are plenty of good quality RV’s on the market.
check out Oliver trailers, they are much higher quality according to reviews and are molded fiberglass - just two models though
Oliver, Bigfoot or Escape will serve you well. Not huge trailers, but they won’t fall apart and hold value. We’ve had our Escape for 3 years…not a single problem and looks as god as the day it was born.
Look into Oliver, maybe?
Buy an Oliver. Buy once cry once. Actually made to last.
I would love to buy a 45' diesel pusher production coach and can well afford it; current market conditions are not a concern. My issue is that I don't trust the entire industry from dealers, manufactures to parts suppliers. I have watched the horror stories of camping world (Dealer), Lippert (Parts suppler), grand design (manufacturer) and so on and have come to the concussion that these companies collectively are on the same path of customer last, once you purchase and hand over the payment then you are on your own. If I am going to spend nearly a million dollars, I want to know that everyone involved has my back and until have that assurance I will book my travel at resorts where I know for certain they do! Seems the resort industry and RV industry has been on opposite paths for years; the resort industry cares about the user experience and the RV industry could care less. Just my opinion from what I see.
Unlike some making comments here you truly get it. I wanted to get into a class c and have the cash to do it but I refuse to subject myself willingly to a bunch of con artists and thieves. Sorry that is harsh but it's true. Thanks for making the honest factual comment.
The entire RV sales structure are SCUM 👺 Often, so is maintenance... Keep your money in your pocket ❗
@@pbshooter100 💯
Yea a mil for a crapshoot!?!?!? enjoy the resort!
@@LJ-jq8og It's not even maintenance. If the frames are under engineered for the weight and vibration of what they're supposed to do, then the basic structure of the RV is unmaintainable and unrepairable. You can't really fix a broken frame.
Even if inflation drops to 2 percent. It will take years for salaries to catch up from the past few years.
As for lazy days a friend of mine was an employee in northwest indiana store. He said the service and sales was atrocious. He was a rv tech for over tens years and when lazy days bought the facility he was there two years and bailed. Horrible management, untrained sales and service, he couldn’t deal with it. Sad.
My son was a tech for a hot tub retailer. Lazy Days offered him a full time job as an Rv tech with zero experience or training.
@@deanhockenberry9268 That is illegal in Canada, they have to have a certificate from one of the RV tech schools...
@@minimaxmiaandme.4971 In the US anyone can open an automotive repair shop with no certification or training and the same holds true for the recreational vehicle industry. I went through tech school and tested to be an ASE certified master automobile technician. I’ve known and worked with guys who were also certified technicians but it became clear the head knowledge couldn’t make its way to their hands. Some level of competence should be required.
Super common story with a lot of the big mega-dealer chains that buy out the family stores. It takes 2-3 years until everybody competent, and or ethical, has enough of the horror, and finds a job somewhere else. By then it's just a shell of what the place once was, and run by a corporation who is only concerned with their real mission statement, which is, "Who can we screw, out of what, and how much can we get?"
I was looking to upgrade from my 2017 class a to a class a diesel but the dealership wanted to give me pennys for mine and wouldn’t budge on theirs. So I walked.
Sorry to hear.
I’ll give you pennies for it. Screw those guys.
I chuckle when people are shocked that we are still running our 1996 Vectra. Why would we buy new?
We are in the Sacramento, CA area. We just bought a 2020 Lance 1475S. Prices are much lower than they were a year or so ago. We just got back from our first trip in this new to us towable. The camp ground we visited was not crowded. Looks like it's going to be the best camping season for us in the last few years...
@paulbarber1077 we are in the Sac. area as well and just returned from the Santa Cruz area. The CG we stayed at was about 20% - 25% full. I think a lot of the so-called "Newbies" that bought during COVID, finally realized RV ownership is not for everyone and have sold or repo'ed their rigs.
Covid newbies are quitting. Good news.
@@briantrlak5875 I like your reference to them... Most whom we encountered were snobbish and I thought I can't wait until they find out the RV life isn't always as glamorous as the RV stealerships made it out to be. We did run into some nice Covid Newbies but for the most part, most were snobs.
$$$$$ is why. 150 to 400k for an RV. SOMETHING THAT LOSES VALUE WHILE YOU ARE BUYING IT.
Dealerships got greedy when they thought the bump from Covid would never end. Quality on the low to mid end needs to improve.
I agree. The RV (as well as Auto Dealers) brought much of this on themselves with the "Market Adjustment" markups and deceptive sales practices. Especially during the COVID period.
These CEOS should be fired. As soon as Joe came in office they should have started liquidations. INSTEAD they built TOTAL CRAP WAGONS to FLOOD THE MARKET JACKED UP PRICES to the MOON and gave crappy service to their customers. Anyone could have seen this coming 7 YEARS ago which I did and sold my Condo and moved into a full time RV. No surprises for me. I gotta brain and saw this coming. These CEO's are total clowns
YESS!!!!
I’ve been saying for a while that the rock bottom is not here yet. This is just the beginning of the storm. The RV industry needs a major shake up due to overpriced and mediocre products. The better ones will survive, but let the ones that make substandard products fall and go out of business.
I don’t know, was just offered 58% off a new Winnebago class C….2024. Don’t see how there would be more than that.
Spot On!
@@tedtime8665 it’s a number game, they inflate the retail and then give you so called big discounts
I agree we are just in the beginning stages of a multi year economic slowdown. Interest rates are too high. Most big ticket items are not selling except as always for those whom are wealthy. At least 2 or more years of pain on the way.
@@bobmartens1089totally agree
The way they treat buyers and owners it's not much of a surprise. Nice used RVs of all kinds all over the place, and they wonder why. By the way, don't trade your old RV in, sell it outright and save yourself a bunch of money.
Not to mention if you hang onto it and it turns out that your new rig is spending more time in the shop than in a camp site, you have your old one to keep you going.
This is especially the case for those that are living in their RV full time.
Another very informative video. I read an RV article where author said you need to buy a gently used low mileage coach built before 2008 to get a quality built coach. I put off purchase after witnessing an owner go off on rep at the Tampa RV show about all the issues he had with his brand new coach from that manufacturer. The manufacturer was I thought to be a highly reputable and high quality one. Looking forward to the rv show video. Thanks again for your videos.
The worst thing I have ever done was buy a new RV from a dealer in Texas. It was a piece of junk and I ended up getting rid of it at a huge loss. Don’t do it. You will regret it.
We got our Entegra Vision xl in 22 and was built 07/21-you feel so fortunate to not have had a bad experience and our RV has been wonderful. Currently sitting in a new park in new Braunfels, Texas (Camp Landa) just texted my salesman to thank him again for getting us into this. No problems.
You do know that your salesman had nothing to do with the quality of your RV right?
Great to see you with your family. Have a great weekend.
Always awesome content and informative😎 Sadly greed is killing the market! Dealerships were gauging customers and laughing it out, now they expect us to run and bail them out with subsidies and government grants. Share holders made their money, now they are off to another victim/profit!
I've been looking for an older Newmar Kountry Star.....Lazy Days just happen to have one that fit the bill......I messaged them said I'd be interested but it would have to be about $10k less.... following day they emailed me a quote at the price I wanted 😆. That tells me things are not good.
Worked for Lazydays as a service manager they had coaches there over 2 years that didn’t get fixed. They used to damage them when in for service, they’d go into the body shop and damage them again afterwards. I’ve seen them get damaged 3 times and go to the body shop for 9 months or more. They wouldn’t do anything for the customer even though it was LazyDays fault. They had no training for technicians and would hire anyone with a pulse. Worked there over a year and never met the General Manager. It was a joke and no one cared. My first day, my boss told me he wanted to tell me not to come to work there.
With exception to some of the folks that work for Lazydays that company can rot in hell as far as I’m concerned, they are the epitome of what is wrong with the industry
I tried to by two different RVs from them over the last decade, but in the end they just wanted to play games. A motorhome that had badly out of date tires on it. They refused to do anything but put Chinese truck tires on it. More recently, a nice travel trailer that was reasonably priced, but we sat down with the salesman who "made a mistake" and learned that his quote was $6K low. Sorry, but you wanted to play games, and I wanted to buy a product from a legtimate, honest seller. I moved on and gave somebody else my money.
RV’s sitting on dealer lots for years may be subject to “lot rot”.
Imagine a $400000.00 sitting for years, Tire rot can cost $10000.00 and up, I hope consumers realize that and not just look at the so called discounts
Yea rot is a thing. I'd think twice about buying a 3 year old "new" RV
@@pbshooter100absolutely. They are not designed to sit exposed without regular maintenance / cleaning
A little known problem is that after 2-3 years, a lot of manufacturers will only honor the core warranty of systems and structure. Cosmetic issues, roof leaks due to a lack of documented inspections and service, fading colors, broken trim etc... are then not part of the warranty on a "new" rig.
Tobyhanna! Spent many, many wonderful weekends there. Enjoy!
RVing isn't cheap. The cost fuel has especially increased and my grandson said after helping me setup "grandpa, this is work".
Economy , interest rates , credit debt , inflation!! This is not hard to understand why people are not buying a very expensive completely discretionary item.
My wife and I were truly in the market and planned to purchase Q1 of this year. After visiting numerous dealers, we simply had to walk away and make other plans. Until quality of build changes significantly, I believe it's silly to sink one dollar into anything so poorly made. As a proud American, it's a shame to see the lack of pride being put into these products. HORRENDOUS items and i'm a bit frustrated with everyone saying "that's just part of RV'ing". Really, accepting poor quality, poor service, constantly breaking items shouldn't be "part of anything". How about, let's do better. If a consumer accepts inferior cheap products, that's what manufacturers will make. I sure hope we're at a point where the RV industry is waking up and trying to improve. Rant over....
from what I've gleaned from YT videos, AVOID ANYTHING W/ SLIDES, as they all eventually seem to become nightmares
At this point, that advice is about as valuable as "don't buy anything with rubber tires". 95% of everything has a slide now.
@@kerrykerry5778not really
@@stanmarcusgtv Sorry, but you don't get your own facts. No slide units are generally limited to a small percentage of lower cost travel trailers, and motorized units destined for the rental market. Most product lines within brands offer slide only floorplans, in everything from their basic double axle travel trailers, thru fifth wheels and their motorized products.
Now this is based on owning eleven RVs in the last 25 years, ( the majority with trouble free slides) and spending the last few months shopping for another one. Big difference between experience and being a YT watcher.
@@kerrykerry5778 you really shouldn't give anyone advice
We just bought a Harney Renagade from Lazy Days just nirth of Denver in a new dealership they have three dealerships right in a row on I-25 . The coach has has great woodwork and was maintained with all the receipts and manuals nice price . We drove it home to Florida from Denver no problems . Nice coach from the Safari family.
Good video, and Welcome to the Poconos! As a mobile mechanic and welder.. I would be scared to buy some of these 5th wheel campers and tow behinds.. repaired, so many rear suspension collapsing issues and frames breaking its ridiculous already!
You two are a great couple, this is why I and my wife, watch your exploits as we are campers also, just on a permanent site. And yes, at your age, we used to travel all over the country!
To you 2 lovely people---------------->what you are seeing is caused by multiple inputs.
People who pay attention and themselves RV see the prices, the quality, and say no. They see the price of fuel and cringe. And then they see the price of camping unless they own their own lot. Travel is a joke for the middle class as far as RVing. When you travel on the road and either get happy at 70 bucks a night, or stay at a Flying J or comparable, you have to asses what you are doing.
The RV industry as whole, has priced themselves out of the market, and with the quality issues, everyone laughs.
Let me tell you Izzy and MJ------------>I have a permanent site in a Yogi. I have neighbors all around on basically 5 sides, and only 1 of them says that they will buy another RV when theirs dies. The rest of us hope we can sell our lots; and if people are dizzy enough to buy in to this industry, maybe at a profit.........but if not, we got our use.
Just for your information, 4 of us as couples are middle class, 1 is kinda wealthy, and the couple who is financially challenged; well they are the ones who would buy again. Tells you who they are pandering to, doesn't it!
💰🔥💰🔥💰🔥👎👎👎👎⚖️⚖️ think about it when is the last time you’ve ever heard of an RV dealer that actually took care of their customers when was the last time you seen an RV dealer do a complete pre-delivery inspection on the coaches that they sell before they place them on the lot for sale. I’ve gone up a couple of big ones in court and guess what the attorney that represented those RV dealers was not happy that I was on the opposing side. I even caught an RV dealer submitting fraudulent documents to court as evidence regarding a case against them. The document had signatures on fabricated documents, and I prove to the judge that those documents were fraudulently submitted to court as evidence with forge signatures on them trying to win the case against them.
Consumer should never go to an RV show to look at the RV guess what there’s a good chance you’re gonna leave after you sign a contract not before you sign a contract to purchase a pile of junk I think everybody wants to buy an RV should buy a used one for the individuals that have the documents to prove they’ve taken care of the coach so they need to sweat for a long period of time the American RV need to stop buying from RV dealers for at least five years
Thays what happens when you sell junk rvs from junk manufactures and dont want to perform repairs and make people sing junk contracts so they can't sue you or the manufacturer for the built-in defects
It is truly interesting that just back three to four years ago when COVID was upon us, people still wanted to go on vacation. Since hotel rooms were questionable, RV's made it the choice of many. Us veteran RVers at the time were worried about finding camping reservations due to the influx of new RVers entering into the arena. Some of us knew though that a good portion of this new influx would quickly realize RVing is a lot of work. Most people going on vacation want to pack a suitcase, get a ride to the airport, hop on a plane, rent a car and veg out at a hotel pool with full service. Rving is certainly not that. RV Sales and shipments had to be affected after COVID was over and people wanted to have a carefree vacation without work.
There is something to that sure but I highly doubt it's a prime reason for sales to fall of a cliff into outer space.
The item is the vehicles, trucks are so expensive just themselves then you add the RV. I was looking at a truck camper thinking it seems there would be less things to break or need fixing all the time. I would love a class A but then you have to pull a vehicle which is just something that can go wrong. Just don't no at the point. Want dealer ship can you trust.
Good episode. Thanks. From reading the comments, it seems like the problem is less interest and inflation than poor quality and service, although those things certainly are an issue. I hate to see people lose their jobs over poor management, though - and people WILL lose their jobs, mostly through no fault of their own (I'm talking techs) but from greed, poor products and mismanagement.
Most RV purchases are made with disposable income. With the price of a dozen eggs going from .99 to 2.99, among other things disposable income is slimmer than previously enjoyed. So inflation high, interest rates high, quality dropping, coupled with questionable sales practices people stay away in droves. My self included.
I live down by Quartzsite AZ, the market down here this last winter was pure junk, Brand new motor homes and trailers came in full of busted parts, slide outs not working ect, the prices were just nuts. People are not going to buy junk for prices based on pure greed. Half a million for a unit that you then have to send right to the shop for massive repairs... Nope people will buy old busses and and used rigs. Some will build there own rigs before they drop that much money on trash.
Precovid we looked at a smaller travel trailer. It was $10,000. The same trailer now is $25,000-30,000. I also see people selling the $10,000 trailer they bought for $15,000 or more.
From what I’m reading on various forums the quality of the build and after sales service by the dealers is suspect.
Food, Fuel, Insurance, Taxes, for starters. Then the interest rates and depreciation on poorly constructed RV's.
Sad part of the RV's I would be willing to pay 5,000 for better quality, however one of the best fifth rv's are costing around 80,000. The ones that are around 50,000 new are glued together with particle board and serious issues. which I looking at at a used Montana for around 50,000.
That’s sad with LazyDays! They just bought out a dealership here a year ago. I hope they don’t go out of business. Too soon! I so wish that the quality of Rvs could be better and the service at the dealerships as well could be better. Thank you Izzy and MJ! Great video as always even if it’s sad news.
They will eventually go bankrupt. John North the CEO was the worst decision ever to hire him, but he has no problem showing up in a Demon Hellcat 170
@@lindstrandfamily7983
Thank you so much for this information! i appreciate it.
We are looking at Alliance for our next purchase. Started the process with Blue Compass. Have 3 floorplans in mind. Have researched them extensively and have a price that we are willing to pay for out the door on each after trade.
Will see how it goes.
Awesome Video, thanks,,used prices are almost same as New lately..2015's at $25k for a 35ft travel trailer. Smh. New for a 2024 Salem 30vc view is $40k if you call a Indiana dealer , Michigan $49k. I'll drive 400 miles for 9 grand
Hi guys, thanks for the reminder to check if I was still subscribed.... I actually had been unsubscribed somehow.
1) I would definitely be interested to hear what steps the manufacturers are taking to ensure they are selling their RVs to reputable dealers. Because this is definitely not happening.
2) Also, when there are so many unreputable dealers out there now, are the RV manufacturers going to take steps to sell them direct from the factory/manufacturer? That would certainly help mitigate losses due to buyers not wanting to put up with the unreputable dealers. I personally found one unreputable dealer recently in NH when I had attempted to walk through what I thought was the Brand and Model RV I wanted to purchase. I even called in advance and the salesperson with whom I had previously coordinated a day/time, didn't know where the RV was on the lot when I got there, and didn't have it pulled out of its spot so all of the slides could be opened! He didn't seem all that concerned that he wasn't prepared (this was almost a $200k RV)! I left with absolutely no interest in returning!
3) Even the newer, significantly more expensive brands are experiencing quality issues (the Brinkley Model G 3500 was the RV I thought I wanted to buy - but am now having second thoughts as a result of my experience at that particular dealer (and also saw a few quality issues just stepping in the RV even though the slides could not be completely extended). What will it take for the RV manufacturers to wake up and start fixing their quality issues? Their losses will continue to grow as buyers' and owners' experiences continue to be communicated to the public (thank goodness for that communication - I have really learned a lot)!
I still want to sell my house and purchase an RV to work remotely, travel and enjoy new experiences before I retire. I'm sincerely hoping that I either win the lottery so I can work directly with a custom RV manufacturer, or can just afford to buy an RV regardless of the issues, or the RV industry finally wakes up and smells the coffee and starts building quality RVs again! 🤞🤞🤞
I think the customer service at alot of these dealers has a lot to do with it. I know they are not all bad, but I've been very disappointed with some of the sales staff at a few places. Probably going to try a private seller. Not the cure all, but it's exhausting sometimes. Thanks for letting me vent.😊❤ Take care.
RVs are purchased and operated with disposable income.
The last three years that disposable income has been wiped out.
The Rv trend is over
Exactly!
#VoteForMagaNomics
Have a wonderful time in the Poconos. Hope they correct themselves and clean up the manufacturers and dealers.
RV Makers and Dealers did this to themselves......Price Gouging.....Poor Quality and Customer Service.....Consumer Horror Stories. Good companies get lumped in with the grifters.
Love my 2017 Jayco 5th Wheel!!!!
I've been repeating this since Q said it, 1950's prices are finally almost here! SILVER 31.67....n o w.
Smart people are not buying RVs made after 2018 and are not signing those ridiculous contracts that absolve the dealer of all responsibility.
Until quality goes up and warranties are not bogus dont buy
Yep, bought 2019 C-Class Jayco 31. GREAT RIG! Now 50K miles…love it! Salesman lied about the warranty, service dept is awful-they mostly tell me what they “won’t do”.
Pride, accomplishment, hard work in the entire RV industry, left the building a long time ago!
Norm interest rates is not 2%; closer to 5-7% if not more over 30-40 years. Going forward rates will more than likely be 3-5% when the Fed lowers their rate. I remember when the "norm" was 12-15% in the '80s. So norms are ambiguous at best. So look looong term which stating "norms".
I would have gladly bought a class B when I first began planning to become a nomad last year. After seeing truly countless videos on what an absolute dumpster fire the RV industry has become, I decided to do my own conversion. I’m a woman in her fifties and it’s going to take me awhile, but no way was I buying a $150K van that had random holes in the roof totally unpatched and hidden under the AC shroud, cabinets falling off the wall on the drive home from the dealer, etc. Not saying I’ll do everything perfect myself, but at least I won’t be spending a mountain of money for the supposed privilege of buying junk slapped together by apparent chimps using cardboard and duct tape that waits six weeks for repairs at the dealer.
Layoffs coming for Lazydays RV most likely. Service will be worse than it already is. Once again, the Customers will suffer. Buy used from Smaller Companies people. Get an Inspection, if it passes hit the road and have a blast. Read Lazydays Complaints. Not good.
My experience with Lazy Days service in Houston was exceptional. Much like my buying experience 25+ years ago from them.
One of the main reasons RVs are not selling is because of the greedy campground owners who have jacked up their prices Sky High and added more sites to where you can't hardly open your slides, I know this is one of the main reason we sold our RV. Also the poor quality of the new RVs they are so poorly built even our last one had a number of issues and the warranties are just about worthless.
Remember that insurance rates and property taxes are increasing in significant amounts. These are both significant expenses for campgrounds. Additionally, interest rates have potentially hit them if they have variable rate loans or have taken out new loans.
Nice hotels in the areas are sometimes cheaper too than a campsite
@@edclearwater9891 that is exactly what we found we could stay in a really nice hotel for what a campground cost when we calculated in the cost of diesel to get to the campground vs the car. Most of the nicer hotels also included a nice breakfast and sometimes a light meal with wine/beer in the evening.
Good point.
@@sgriffith2353Greed as well
Love listening to you two.
Would love to cross paths with you one day on the road.
We have a Jayco Class C, MFG 2021, wish we'd kept our 2014 Fleetwood. It was definitely a better built machine. Its only drawback was how bad the E350 handled on the road. Looking back on it, should have put money into a suspension upgrade. Got talked into this 24B. I made a list of about 40 items which we ended up fixing most on our own.
Have zero sympathy for shady dealerships and none for the MFG who are pedaling this pressed board junk.
Thanks for watching!
We have our 1st travel trailer. Bought it at the worst time during the pandemic. Honestly, we like ours. No need to buy another at the moment. I think people who wanted an rv bought one and are still considering it on the newer side. Side note. We are early 60's. Most of our friends are more into buying lake houses than rv's right now.
Lol, Izzy, "clowns"! I love the sound of sleeping, snoring pups, what's more heartwarming than that!
Shocking but not surprising. RV prices have increased dramatically over the past few years, interest rates are much higher, and the widely publicized lack of quality all conspire to impact sales. I have to imagine Lazy Days isn't alone, that the other big chains will be reporting similar losses (CW?). It's the smaller mom and pop RV dealers that I worry most about, the big chains may have the financial wherewithal to survive an economic downturn, the smaller dealers maybe not so much. We could see a consolidation of dealerships, which may not be good for the consumer. And if the RV pipeline is experiencing a slowdown, manufacturers must also be impacted. Hard times for the RV industry, but for all goods that are dependent on disposable income.
Looking forward to your videos on the Music City Expo!
Thanks!
Folks...A fantastic and informative video. Cant wait for your reporting in June from The Nashville RV show. But Please...like all of from New Jersey use the phrase..."Imporant"...please don't stop using that word. From a guy having lived in New Jersey for over 40 years...Say it like it is. Its "Imporant"! That's the way folks from the east coast in NJ say it. Never change and many thanks for all of your wonderful videos.
Thank you!
Leo's RV Center in Gambrills Maryland allow third-party inspectors (not owned by the big guys). Very fair and respectful, will negotiate. Know what you want to pay before reaching out to a dealer. Consider purchasing a used RV (~2 years old) as they are "broken in" and are much less expensive. Good luck out there.
Yes we like Leo’s.
if you buy a RV built in 21-22 and later, you're likely going to have it parked at a dealer longer than parked in a parking lot waiting to be used 3x/yr.
Interest rates will be higher for longer than we realize. Since 2008, we basically had very low interest rates. Now we are back to a stag inflation scenario. High interest rates and a stagnant economy. A good time to shop for a quality purchase.
Among the lots I'm watching up here (Canada) I'm seeing a wild variation in RV discounts this spring. A local dealer has discounts on 2024 RV's I'm eyeing that are around 33%, though I see more typical posted discounts posted elsewhere for similar trailers. The 2024 trailer advertised 38% below MSRP reminds me how important inspections are. Something too good to be true...
Where do you live? I am not seeing any discounts at all....They hike up the tag price and then slap on a discount card...
I'm extremely anxious to see all the videos from the show y'all spoke about. We're going to be in the market to trade our Monaco in on something newer, but I don't know what to get. I only know I never want to get a trailer. We've had 2 in the past and I don't care for them.
You video has heart and thank you
Thanks for watching.
I see people who are retired , paying 200k-450k for these falling apart garbage RVs, I question the lack of common sense.
been looking at the 1973-77 GMC as they look cool and seem well built, but... they nearly 50 years old and parts can be hard to find. So was looking at newer used but nothing in my price range as I would have to factor in storage cost in addition to coach and insurance.
And a shoutout to Liz Amazing for exposing them. 😊
Great show. Have a great weekend.
Thank you. Same to you!
Came back from Michigan to Illinois and drove by Lazy Days in Indiana and the lot was totally empty, dealership had closed.
Thanks for letting us know.
Alot of industries are in the hangover stage. Good!
Don't feel sorry for Lazy Days. They artificially raised profits and pricing during covid. They need to stop selling junk and using deceptive sales tactics. Try a high level of customer service and customers may come back to you.
It looks to be a buyer's market and they are marking down the F600 Super C's we were looking at by a ton. Glad I didn't buy one last year, the resale is in the dumper.
I would love to purchase a Class B RV, however the quality does not match the inflated prices. Now days it seems like it’s only about the profitability. Very little in the way of customer service and delivering a quality product.
Most likely lazy days isn't discounting more as they can claim a higher value on the books than actual value. If they liquidate the losses become real where right now they can hide it on paper.
Bought a Jayco(6th one and last one). Graphics were bubbling . Was told it is not part of the bumper-to-bumper warranty. Had other issues that I fixed. Pretty disappointing.
I was recently shopping hard for a used travel trailer. I looked at several 4-5 year old Jaycos. As a previous owner of several of their products, I was stunned. I saw two very lightly used, one owner units that were literally falling apart. Wow, no danger of me buying another one.
If it's camping world. No loss
It would be a huge loss to the manufacturers
@@EndlessRVing
Yeah but, whose fault is that?
Certainly not the customers
that have been defrauded by
poor manufacturing policies.
I watched Liz Amazing's recent video
and thought, it's almost as if the RV
industry is being run by mafia.
@@scotttovey the Mafia would have at least a quality product.
@@kckettridge
"the Mafia would have at least a quality product."
Not if their purpose is to suck the company dry of prophets and leave it in shambles.
@@scotttovey well, that is true.
Canada is still overpriced. Interest rates are too high and quality is not there. So we are waiting it out to buy our class B. Thanks for all the info. You guys are amazing.
Like your LU cap, I’m from the area of LU college
cool!
Called Lazy Days Knoxville, spoke with a salesman, he said he’d call me back. I waited two days for him to call me back then bought our RV from Acworth RV in Atlanta.
Perfect way to lose $22 million in revenue
It is only going to get worse as people learn that even the companies once known for top end RVs are producing crap. More and more reports of people with brand new units having serious problems and manufacturers ignoring them and/or failing to fix problems. Many reports of people whose warranties are expiring, and they have yet to be able to use it. I would not buy new right now.
Not losses..lost profits ..they are writing against a banner year and higher budgets..the industry needs adjust its profit expectations
I can say this, after buying a lemon RV I'd be VERY hesitant to buy one again (at least a new one) even though I liked living in one.
Sorry to hear.
I have no sympathy for the rv industry. Profit above quality and service will ultimately kill this industry. Consumers have finally woken up to the fact they have been screwed for years. We can only hope the quality manufactures don’t price themselves out of the market.
The Inflation Rate does Not Include Fuel, Rent and Food. If you add them in the real inflation rate for the Biden years is closer to 50% than 5%. Most people don't have money for what is a luxury item for them.
I knew old man Wallace when he open the small original Lazy Days and he was a top notch guy. I was a wholesaler and he still was very fair with everyone. That attitude carried over when he created the huge expansion. When the investment company took over, the bottom line was all that mattered and now you can see it in the poor sales and service. Stick with good, reputable family owned dealers and stay away from new RVs.
When the product you sell is flashy garbage it’s still garbage until the industry decides to sell quality. They will continue to go down by the way it reminds me they weren’t too kind to the consumer during the lockdowns were they?
Not surprising over priced trailers ! You can build your own !
From what im seeing their not dropping the prices too much on 2023's. And people with used 2021's and 2022's are asking way too much because they paid full price.
I can foresee a future where RV dealers have to be less greedy and sell their current stock at vastly discounted prices or they will go bankrupt. We are in a very difficult situation worldwide and people are buying properties for far less than the cost of owning an RV. You can buy a Chateau and a small village in France for $500,000-$1,000,000 and the rental income will be completely offset any mortgage. A 8-10 bedroom home with every amenity and a pool is about $400,000-$500000. You can buy a cottage with land for $100,000 all highly desirable and the rental income will be fully repaid in 3-4 years. Basically you can become a multi millionaire just buying good properties in both France and Italy for a fraction of the price of an RV. It’s all happened in the past few years and it’s definitely affecting the market of the RV dealers and manufacturers throughout America. Spend $200,000 plus on an RV and your expenses start before you leave the lot. Add that to your depreciation and it’s a recipe for how to loose your money the fastest. People are wising up and are currently in Europe buying properties that fund themselves and they are becoming seriously rich in the process.
I would love an RV however due to the lack of responsibility that dealers take and the ever increasing cost of owning a decent RV guess what I’m doing? I’m off to France to view several properties all under $500,000 and each one with an income far higher than any loan or mortgage. People are looking for investment opportunities and vacation homes due to the political situation in America and diversity of their quality of life. Sorry guys but this is exactly what the industry is up against. Americans are already pushing up prices in the south of France as they are stunned by how cheap the properties are. With the Olympic Games about to start and foreigners flooding to France and booking holidays in Italy it’s going to affect the economy of the RV industry drastically.
Good fortune my friends 🤍🕊️
Thanks for reading that article...