RVs — along with boats, ATVs and other outdoor vehicles — sold like hotcakes during the pandemic as people poured their vacation funds into goods that could be enjoyed closer to home. But now the sector is going through a market correction, with sales down around 20 per cent last year.An RV purchased by Alan Hong in 2020 is pictured alongside a tent and camping chairs. Hong says he enjoyed using the RV, but is now ready to spend his vacation time travelling internationally.
People aren't just putting off buying a new RV. Some are getting rid of the one they have altogether.Chris Perera owns BoatDealers.ca and RVDealers.ca. He says used listings of both are on the rise. "Right now what we're seeing is a buyer's market," said Perera, who also owns BoatDealers.ca and says a similar trend is unfolding in that sector.Jason Huntley is an RV owner who's been trying to sell his current model for about a year. Huntley has bought and sold many RVs in his decades-long camping career, and has had one listed online for about a year. He said this is the longest it's ever taken him to make a sale.