Mostly it seems like the credit freeze.
Banks across the united States are allowing for part of the lending resolutions for the fifth wheel rv industry. It has been stated that there are more than 7,000 Banks and Credit unions scattered across the United States, representing an enormous potential as a source of money for purchasing an RV.I personally just financed two jet skis at 5.5% and it merely took a couple moments to qualify for the loan. Another source for lending is smaller credit unions, which appear to have deflected many of the fiscal troubles that big corporate banks found themselves in.The Fifth Wheel industry and certain groups are hooking up with credit unions to supply both retail and wholesale financing, which is desperately essential. Based on my sources within the industry RV manufacturers are seeing a 30% step-up in gross revenues compared to 2007. A big problem for many RV manufacturers is securing a serious flooring source to buy new RV’s.Mostly it seems like the credit freeze is beginning to melt and credit unions are beginning to lend again, this is positive news for those that have been eagerly awaiting to purchase a rv. The timing could not be better - RV dealers are practically giving away their RV’s to the likes of which haven’t been seen in more than 30 years. If you are in the market to purchase a travel trailer now is the time.