Buyers’ Market Strong at McMahon RV Show
Light rain and even lighter attendance at the McMahon RV show in Pomona, Calif., on Sunday (Jan. 2) did not discourage Dianne Stewart, a saleswoman with more that 27 years of experience, according to the Inland Valley Daily Bulletin.
“If they come in the rain, they want to buy something,” said the Redlands woman while pacing around some 225 RVs parked at Fairplex since Christmas.
It’s a buyer’s market out there – with more than 100 recreational vehicle dealers going out of business around the state last year, their bank-repossessed inventory is up for grabs at steep reductions, according to Mike Lankford, a vice president of Irvine-based McMahon RV, which is hosting the show until Jan.9.
“This way we are able to bring discounts to our customers,” Lankford said. “Savings are about $25,000 to $30,000. It’s going great. We sold 100 RVs in the first week.”
Deann Rankin of Hacienda Heights agreed.
“It’s a good time to buy anything right now, if you have the money,” Rankin said while touring a new RV on sale for $79,000, down from $120,000.
Krista Gump of La Verne said she was looking to purchase an RV because the interest on payments is tax deductible – the Internal Revenue Service considers boats and RVs second homes as long as they feature sleeping, cooking and bathroom amenities.
“In this economy, it’s the best thing to do,” Gump said. “If you take a trip to Hawaii you can’t write that off. People don’t realize that.”