The February numbers are in—and the RV industry is doing even worse than I expected.

Let’s quickly talk about how these numbers are calculated. The percentage increases or decreases are a result of comparing shipments from February 2026 to February 2025. And keep this in mind—2025 was already a weak year for the RV industry.

Now here’s where things really stand.

All towable RV categories are now in double-digit negative territory. The only exception is truck campers, which are up 3.6%—but even that is down from last month.

  • Travel trailers: down 14.5%
  • Fifth wheels: down 13.1%
  • Pop-up campers: down 18.7%
  • Truck campers: up 3.6%

There’s no way to sugarcoat it—February was a rough month.

And looking ahead, I expect things to get even worse before they get better. Rising fuel prices will likely impact next month’s numbers even more. Add in high interest rates and ongoing quality complaints across the industry, and you’ve got a combination that’s hard to overcome.

If you think it’s not that bad, take a look at what’s already happening—Winnebago Industries and Thor Industries have both started laying off workers.

Even before fuel prices became a bigger issue, this was already a buyers’ market. These new numbers just confirm that reality.  Are you serious about buying right now?  This would be the time to do it.

What About Motorhomes?

The motorhome side tells a slightly different story—for now:

  • Class A: down 1.8% They have been struggling for over a year.
  • Class B: up 17.2%
  • Class C: up 24.8%

But don’t read too much into that yet. Motorhome sales volumes are relatively low—often under 1,000 units per month—so it’ll take a few more months of data to see a clear trend. I predict they will all be in negative territory shortly.

What This Means for Buyers

If you’re in the market for a towable RV, you’ve got leverage—real leverage.

Dealers know what’s happening. Inventory is building. Shipments are dropping. This is exactly the kind of environment where strong negotiation can save you serious money.

Final Thoughts

I’m usually pretty good at reading where the market is headed—but right now, there’s not much guesswork involved.

The trend is clear.

One last thing worth noting: once again, the CEO of the RV Industry Association had nothing to say about shipments. That’s unusual—and it probably tells you everything you need to know about how these numbers are being viewed inside the industry.