Filed Under:Agent Broker, Personal Lines Business

Guess Who’s Back? The Recreational Vehicle

When our economy entered into the largest downturn since the Great Depression, one of the early casualties was the RV market. In late 2007 before the recession, sales of new and used RVs and trailers had hit an all-time high, and the average age of an RVer was 43-years-old.

Yes, you read that correctly─43. While most people in the insurance world believed that the spike in gas prices in 2008 caused the death of the RV business, in reality the evaporation of money for loans combined with the cautious nature of consumers who held back on buying big-ticket items was really to blame.  

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