RVIA Economic Impact Study

The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.

Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .

RVIA Projects RV Shipments To Increase for Eighth Straight Year

Mon Jun 27, 2016

WATERLOO, Iowa — The Recreational Vehicle Industry Association was projecting wholesale RV shipments to total 396,400 units by the end of 2016, an increase of 6 percent over the 374,200 units shipped in 2015.

The Fairfax, Virginia-based trade group said 2017 will mark the eighth straight year of growth for the industry with shipments predicted to reach 404,800 units. Both of these yearly totals are well above the quarter century-record of 390,362 units in 2006.

Towable RVs are expected to reach 345,500 units in 2016 and 352,300 units in 2017, representing 87 percent of all shipments for those two years. Meanwhile, motor home shipments are projected to represent 13 percent of all shipments over the forecast horizon — the best performance for that vehicle category in a decade — on shipments of 50,900 units in 2016 and 52,500 units in 2017.

Additional Information: http://wcfcourier.com/business/local/ag-economy-weather-affect-rv-sales-in-area/article_e04807ac-53a6-52ae-92c8-43905263cc08.html