If you’re a regular at Camping World or just follow the RV industry, you might have heard some chatter online. You could be wondering, is Camping World going out of business? It’s a fair question with all the economic ups and downs lately. Let’s look at the real situation, separate fact from rumor, and see what it means for you as an RV enthusiast or potential customer.
The short answer is no, Camping World is not going out of business. The company is publicly traded and continues to operate hundreds of locations across the United States. However, like any large retailer, it faces challenges. These include shifting consumer demand and broader economic pressures. Understanding these factors gives you a clearer picture of the company’s health.
This article will break down the financial headlines, explain what’s really happening with store closures, and offer practical advice for your next purchase or service visit. Our goal is to give you the info you need to make confident decisions.
Is Camping World Going Out Of Business
To directly address the big question, Camping World Holdings, Inc. is not filing for bankruptcy or ceasing operations. The company is actively managing its business through a strategic plan. This plan sometimes involves closing underperforming locations while opening new ones in better markets. It’s a normal retail practice, not a sign of imminent collapse.
Their latest financial reports show they are generating billions in revenue annually. While they have reported net losses in some recent quarters, they also maintain significant assets and are taking steps to improve profitability. The narrative of a total shutdown is not supported by the available public data.
Understanding the Store Closure Headlines
This is where a lot of the confusion starts. Yes, Camping World has closed several stores. But context is everything.
- Strategic Realignment: Many closures are part of a plan to exit less profitable leases or markets that didn’t meet expectations. They are simultaneously investing in new “SuperCenter” locations.
- Good Sam Club Changes: Some closures were related to smaller Good Sam retail locations, not the full-service RV dealerships.
- Post-Pandemic Adjustment: The RV boom during the COVID-19 pandemic was historic. The industry is now normalizing, and companies are adjusting their footprint to match current demand levels.
Current Financial Health Indicators
Looking at key metrics helps cut through the noise. Here’s what analysts and investors typically watch:
- Revenue: Still strong, indicating continued sales activity.
- Debt Levels: The company carries a notable debt load, which it is working to manage through asset sales and operational cash flow.
- Inventory Management: A focus for the company has been right-sizing its RV inventory after the pandemic surge.
- Service & Parts Business: This segment often remains stable even when big-ticket RV sales slow down, providing a steady income stream.
- Do Your Research: Never rely solely on the dealership. Know the make, model, and fair market value before you walk in.
- Inspect the Warranty: Understand who backs the manufacturer’s warranty. Is it the RV maker (like Forest River or Thor) or the dealership? Most manufacturer warranties are honored at any authorized dealer.
- Consider Financing: If you use Camping World’s financing arm, Good Sam Finance Center, ensure you understand the terms. It’s always wise to check with your own bank or credit union for rate comparisons.
- Pre-Purchase Inspection: For a used RV, always pay for an independent, third-party inspection. This is crucial for uncovering hidden problems.
- Schedule in Advance: Service departments, not just at Camping World, are often booked weeks or months out. Plan your maintenance early.
- Warranty Work: As mentioned, warranty repairs are typically handled by any authorized dealer for that brand. You are not strictly locked into the selling dealership.
- Parts Availability: Larger dealers usually have a good parts inventory, but supply chain issues can still cause delays for specific components.
- Keep Records: Maintain detailed records of all service work, regardless of where it’s performed. This is vital for resale value and any future warranty claims.
- Local Family-Owned Dealers: Often praised for personalized service and deep community roots.
- Specialty Service Centers: For complex repairs (like chassis work on a diesel pusher), a specialized shop may offer more expertise.
- Mobile RV Technicians: A fantastic option for repairs at your home or campsite. They can handle many common issues.
- Do-It-Yourself: For maintenance and minor repairs, a strong DIY skills can save you money and time. Invest in quality tools and use reputable online forums for guidance.
- Managing debt and improving profitability.
- Competing with a growing number of online RV sales platforms.
- Meeting the evolving needs of younger, first-time RV buyers.
- Maintaining a positive customer service reputation, which has been a point of criticism in some online reviews.
- Get it Inspected: We can’t say it enough. An independent inspection is non-negotiable for a used RV.
- Review the Paperwork: Read every line of the sales contract and warranty documents. Don’t feel rushed.
- Know Your Rights: Familiarize yourself with your state’s lemon laws for RVs, as they can vary from car laws.
- Join an RV Association: Groups like the Family Motor Coach Association (FMCA) or Escapees RV Club offer resources, advocacy, and discounts on services.
- Maintain Meticulous Records: Keep a dedicated binder for all receipts, manuals, and service records.
What Does “Going Concern” Mean?
You might have seen alarming headlines about an auditor’s “going concern” notation. This is a technical accounting term. It means there are conditions that raise substantial doubt about the company’s ability to continue operating within the next year. It’s a serious flag for management and investors.
However, it is not a prediction of failure. It’s a warning that requires the company to disclose its plans to address the issues, which Camping World has done. Their plans include cost-cutting, inventory reduction, and potential asset sales. The market will be watching closely to see if these measures are successful.
What This Means for Your RV Purchases
If you’re in the market for a new or used RV, you should shop smartly regardless of a company’s financial news. Here’s a step-by-step approach:
What This Means for RV Service and Repairs
Your relationship with a dealership often continues long after the sale, especially for service. Here’s what to keep in mind:
Exploring Alternative RV Dealers and Service Options
It’s healthy to know your options. The RV industry has many great dealers beyond the big national chains.
Building a relationship with a trusted mechanic or dealership is worth it’s weight in gold when you’re on the road and have a problem.
The Future of the RV Industry and Camping World
The RV lifestyle remains incredibly popular. Demographic trends, like the aging of the Baby Boomer generation and the growth of remote work, continue to support long-term demand. Camping World’s future hinges on its ability to adapt.
Key challenges they need to navigate include:
Their survival will depend on excuting their turnaround plan effectively. For consumers, a competitive marketplace is generally a good thing, leading to better prices and service.
Practical Tips for Protecting Your Investment
Whether you buy from Camping World or elsewhere, protecting your RV investment is key. Follow these steps:
Frequently Asked Questions (FAQ)
Is Camping World shutting down?
No, Camping World is not shutting down. The company is undergoing a restructuring that includes closing some stores and opening others. They remain one of the largest RV retailers in the country.
Should I buy an RV from Camping World given the financial news?
You can, but do so with caution. Ensure you understand the warranty coverage, secure financing you’re comfortable with, and absolutely get an independent inspection for a used unit. Their large inventory can be an advantage, but don’t skip your due diligence.
Will my warranty be honored if Camping World closes a location?
If you have a manufacturer’s warranty, it will be honored at any other authorized dealership for that brand. If you purchased an extended service contract through a third-party provider (like an aftermarket warranty company), that contract is also independent of the dealership. Always check the paperwork to confirm the provider.
Are Camping World’s prices competitive?
They can be, especially on new models where they have volume buying power. However, you should always get quotes from at least two other dealers for the exact same make and model. Negotiation is expected in the RV industry.
What are the main complaints about Camping World?
Common complaints in customer reviews often focus on service department delays, high pressure sales tactics, and issues with the quality of pre-delivery inspections on new RVs. Experiences vary widely by location.
What happens to my scheduled service if my local Camping World closes?
You will need to reschedule at another location. Contact Camping World’s customer service for help transferring your appointment. For urgent warranty work, contact the RV manufacturer to find the next closest authorized service center.
Is the Good Sam Club affected?
The Good Sam Club is a separate membership organization offering discounts on camping, fuel, and services. It is a key part of Camping World’s business model and is not going away. Changes have mostly affected standalone retail stores, not the club itself.
In conclusion, while Camping World faces real financial hurdles, the company is not currently going out of business. They are in a period of significant adjustment. For you as an RVer, this means being a smarter, more informed consumer. Focus on the fundamentals: thorough research, independent inspections, and understanding your warranty coverage. The RV lifestyle is about freedom and adventure, and that’s not changing. By making careful choices, you can ensure your own journey stays on the road, no matter what happens with any single retailer. The open road is still calling, and with the right prep, you can answer it confidently.