Americans’ Split Attitudes On The Economy Revealed By Soaring RV Sales In The Face Of $5 Gas

Gas prices might be nearing an all-time high, but wanderlust is proving to be a more powerful force than budgeting.

RV shipments were up 19% in 2021, according to the RV Industry Association. And they’re continuing to increase in the first part of 2022.

In April, the most recent data available, total wholesale RV shipments were up 10.1% compared to the 2021 figures. Year to date, shipments are 14.1% higher.

“RVing remains a great travel option for people looking to experience the freedom of travel while also providing them greater control over travel costs,” said RV Industry Association President & CEO Craig Kirby in a statement.

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It's the latest in a string of examples that show the disconnect with Americans' feelings about the economy (nearly three-quarters say they are cutting back on restaurants and entertainment, or putting off planned purchases) and their actions. While most expect inflation to continue rising, spending hasn't slowed at the same pace, a possible after-effect of the pandemic's isolation.

Despite rising prices, the travel industry is experiencing a revival after two rough years. Pent-up demand to travel freely has consumers ignoring price tags to indulge in “revenge travel” and “bleisure” trips. And with an RV, they’re able to take the whole family along.

Read the full article from Fortune here.