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What's driving skyrocketing demand for boat, RV loans

Oct 07, 2020 - American Banker

Sales of recreational vehicles have accelerated so much since the economic shutdown, which has put many antsy travelers on the road instead of in the sky, that dealers like Niel's RV in Los Angeles can't keep up.

"Getting inventory has been very difficult," said General Manager Scott Rogers, who estimates that sales at Niel's are up 40% this year. "Dealers have just a ton of orders."

That trend has been welcome news, too, for banks that finance consumer purchases of motor homes, camp...