Tom York on Business: Camping World Buys 2 Local RV Dealerships Amid Dip in Demand
A Camping World dealership. Image from company website
Illinois-based outdoor recreation retailer Camping World Holdings said it is acquiring family-owned RV Solutions here in San Diego. The deal includes two landmark outlets, RV Solutions and Airstream of San Diego — along with a repair center in El Cajon.
The acquisition should be final early next year, according to a news release. Terms were not disclosed.
The locations will operate as a Camping World RV SuperCenter.
Camping World, a public company, has locations in 42 states
The acquisition comes at a time when buyer enthusiasm for RVs — which exploded during the COVID-19 pandemic — has greatly waned over the past year.
One market researcher said sales are down year 20% as of October compared to the year ago figure.
As a result, sales—and the company’s stock price — have fallen considerably.
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