Some products appeal to certain demographics more than others, and when it comes to big-ticket items, it's no different.
One product on many peoples' wish lists – especially those in the golden years of retirement – is RVs and motor homes. According to a report form the Recreational Vehicle Industry Association, sales for these types of items is expected to surpass 307,000 units during the course of 2013, marking a 13 percent year-over-year gain.
With RV and motor home sales expected to spike by year's end, companies that offer these vehicles should consider the benefits of inventory financing to ensure they have plenty of stock to offer the public. The last thing a company of this nature wants is to deny someone's dream of hitting the open road as well as miss out of a sizable sales opportunity, as some high-end options retail for close to $100,000.
During the course of the recession, sales rates on these types of homes plummeted, falling an estimated 58 percent between 2006 and 2009, the report said. Luckily, as the economy levels off and aging Americans gain more confidence in their nest eggs, the sales rate is expected to surge most notable between people between the ages of 55 and 75 years old.
Missing out on the sale of an RV, motor home or any other type of product can hurt a business bottom line, so don't get caught flatfooted. Instead, consider the retail inventory financing options provided by Crossroads Financial and keep the shelves, or parking lots, stocked.