Specialist motorhome insurance brokers rely on the success of the recreational vehicle market as a whole in order to grow and expand their businesses, as without a steady amount of sales there isn’t sufficient demand for motorhome insurance products. Furthermore, it’s not just the motorhome market in the UK that brokers need to keep an eye on, as the US and UK markets are closely linked, with some of the most popular recreational vehicle brands being American. Continue reading
These days, advertising the fact that you are selling your motorhome is extremely easy as there are a number of websites dedicated to advertising second hand vehicles including motorhomes, campervans and caravans. However, this doesn’t always mean that actually selling your motorhome is any easier; in fact, it can actually be much harder due to the fact that you have to compete for attention against thousands of other people also selling their motorhomes. So here Victor Millwell look at the difficulties you could encounter whilst selling your motorhome and how you can solve them: Continue reading
The motorhome has changed so much over recent years that current models are now just a shadow of their predecessors. With interest in motorhomes and motorhome holidays increasing, manufacturers have been creating harder, better, faster, stronger models in order to gain their share of the market. Here, we look at some of the newest and most advanced motorhomes available now: Continue reading
This past year has seen quite a few ups and downs for the motorhome industry, however as it comes to an end it looks as though there will be mostly positive movement in 2014. Recent news has revealed that the UK’s economy has entered into recovery, meaning that the current deficit has reduced and soon most people will have access to larger amounts of disposable income.
The improving economy is just one reason behind the positive predictions for the motorhome industry in 2014, as the popularity of the motorhome holiday has also been rising steadily over the past few years. We have also seen the motorhome itself develop massively recently, with models becoming more luxurious and technologically advanced. So what does this mean for 2014? Here are our predictions: Continue reading
Towards the end of last year there were huge number of mergers and acquisitions in the motorhome market and it was clear that many firms were struggling to stay afloat in tricky conditions. A drop-off in consumer demand was coupled with a rise in input prices for companies and many motorhome manufacturers and retailers were finding it difficult to meet their wage bill and begin to pay off their borrowings. There has been good news today however, as Yorkshire based RS Motorhomes – a family manufacturer who have been trading for over 25 years – received a sizeable investment from venture capitalists Seneca who will hope to turn the business around and reclaim their investment.
RS have been struggling to match the demands of consumers and they expect to increase their production output to about seven motorhomes a month. This should reduce the waiting times for customers and broaden their appeal. An investment from a venture capitalist will also see potential for expansion in different areas. It has been floated that RS could look into leisure transport and equestrian vehicles to boost sales in the future.
This merger is good news also for the sister industries of the motorhome world. Motorhome insurance providers are reliant on the demand for new motorhomes to bring them new custom and it’s promising that there are buyers who are willing to invest in motorhome manufacturers, especially those based in the UK.
This is one of the first transactions we’ve heard of this year, but this is the sixteenth time that RS have had to be bailed out in twelve months. These sorts of figures show that motorhome manufacturing market in the UK is far from stable and that there are likely to be all sorts of deals and sales throughout this year while firms try to stay afloat.
Motorhomes have always been about families, whether that’s bringing the family together, spending some time with the family, or sometimes just playing happy families! This is true not just for motorhome users, but many manufacturers, dealers, and servicing outlets. One such name which is celebrating 25 years in the business this week is Meridian motorhomes, based on the South Coast of England.
The Meridian name has been associated with quality service and great after-sales care for some time, and the family-run model is one that many dealers in the motorhome industry try to emulate. When buying something as personal as a motorhome, it helps to have someone who really is knowledgeable about the product and, better still, someone who has had knowledge passed down through the generations.
Equally, in this economic climate there are many motorhome owners who have become disillusioned with big-name industries, and the press that large corporations have been getting recently also doesn’t help with the image of larger, more commercial dealers. Family firms have a certain authenticity about them that can really help them to sell motorhomes not just once, but many times over.
This effect has even been seen in the motorhome insurance sector. While it’s much harder to find a family run insurer, many customers are switching away from larger, more well-known corporations, realising that they will get better service and a better deal elsewhere. The scale of some of the smaller companies means that though they can’t serve so many customers at once, those that they can serve usually get great treatment.
The motorhome will always be a purchase for all the family and it could be that in the coming years we see more and more dealers, manufacturers and insurers priding themselves on well thought out and personal service.