January towable retail sales declined 49.2%, according to the latest report from Statistical Surveys Inc.
The results came on top of December’s survey that showed towables declined 39.9%.
According to the Grand Rapids, Mich.-based firm, in January:
- Travel trailer retail sales decreased 48.1% to 3,496 units.
- Fifth-wheel trailers fell 50.2% to 1,947 units.
- Folding camping trailer sales fell 49.3% to 285 units.
- Recreational park trailer sales fell 60.4% to 111 units.
January was the eighth straight month that retail sales have outpaced wholesale shipments, indicating that RV dealers continue to lower inventories aggressively.
Thor Industries Inc. continued to maintain its market position with 28.2% of the travel trailer market and 40.2% of the fifth-wheel market share. FTCA Inc.’s Coleman Camping Trailers brand held 38.9% of the folding camping trailer market. Chariot Eagle Inc. gained the top spot in recreational trailers with a 15.3% market share.