Camping World, the claimed nation’s largest RV dealer, just released its financial report for the second quarter of 2025. For RVers, the big takeaway is this: The company sold more RVs, trimmed its costs, and expects continued strength for the rest of the year.
Camping World financial results indicate that could mean more selection and lower costs for buyers bold enough to deal with the company. While there’s great news for stockholders, things may not be so good for RV repair customers. Read on.
Second quarter Camping World financial results
From April through June, Camping World brought in $2 billion in revenue, up 9.4% compared to the same period last year. The bright spot was RV sales. The company sold 26,696 new units and 18,906 used units during the quarter, adding up to 45,602 total RVs sold. It’s an increase of more than 7,800 units from last year. Both new and used RV sales grew more than 20%, showing that interest in the RV lifestyle remains strong.
Interestingly, even as unit sales went up, prices went down. The average price for a new RV dropped by 10.6%, while used RV prices dipped slightly, by 1.2%. That could be welcome news for some, especially as inflation and interest rates have kept many buyers cautious.
While the lower selling price reduced profit margins on new vehicles, the company still managed to increase its overall gross profit, thanks in part to better performance in the used RV market and gains in finance and insurance services.
900 jobs cut, 16 stores shuttered
Camping World says it’s getting smarter about how it manages inventory and staffing. CEO Marcus Lemonis pointed out that the company has restructured its operations, cutting more than 900 jobs and consolidating 16 stores. It’s a far cry from previous times, when Lemonis constantly crowed about increasing the number of CW outlets. The move has allowed the company to increase productivity at its remaining locations—meaning each store is now selling more RVs than before.
Another bright spot for the company came from recent legislation. A new law called the One Big Beautiful Bill Act allows dealers to immediately deduct interest on inventory loans for travel trailers and fifth wheels. Camping World estimates this change will save them $15 to $20 million in taxes for 2025. That extra cash will be used to pay down debt, which strengthens the company’s financial position heading into the second half of the year.
Watch out if you use Camping World for repairs
For RV owners, there are a couple of other developments worth noting. Camping World shifted some of its service labor toward reconditioning used inventory, which could lead to faster turnaround times for getting pre-owned RVs road-ready. But if your rig is in a Camping World repair shop, the move may not bode well for your repair turnaround time.
The company also exited its RV furniture business last year, which had been dragging down profits. That move, along with a focus on higher-margin parts and accessories, helped boost profits in the product and service department.
Good Sam roadside assistance claims cut profits
The company’s Good Sam division took a hit, though, with higher-than-expected roadside assistance claims cutting into profit margins. Still, overall earnings improved significantly. Net income more than doubled, rising 146% year-over-year to $57.5 million. Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization)—a key measure of profitability—climbed 35% to $142.2 million.
Despite trimming its store count to 201 locations, Camping World leadership says the company is better positioned than ever. It’s optimistic about hitting a mid-term goal of capturing 20% of the new and used RV market, and plans to continue expanding into new regions where it sees growth opportunities.
Want to go deep into financial-speak? You can read Camping World’s spin on its second quarter financials here.
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RVT1220b
Thank you for the news, Russ and Tina! Theoretically, fewer outlets means reduced RV service. That is, insofar as one bought an RV from these
crooks, er, … CW, then one now has fewer available service departments. Add to that reassigning service techs to refurbishing used units, and getting an RV serviced at a CW becomes even more difficult than their reputation might imply. Have a great day and safe travels!Camping World’s store inventory for parts and accessories has been depleted to 1/4 of what they used to have. No wonder folks go to other online services. Better service, price and selection.