Oil prices threaten industry growth
Time : 2024-08-24
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Despite the surge in camper ownership, rising fuel costs have cast a shadow over the long-term growth of the sector. With oil prices reaching record highs, many RV owners are reconsidering long-distance travel, especially in states such as California. Industry experts warn that persistently high oil prices could slow market growth. RV manufacturers have begun exploring more energy-efficient designs, including hybrid and electric models, to attract environmentally conscious buyers and mitigate the impact of volatile oil prices.