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 .
Tue Jul 5, 2016
ELKHART, Indiana — The $576 million deal Elkhart-based Thor Industries Inc. has struck to buy Jayco Corp. can be seen as a vote of confidence in the future of the recreational vehicle industry.
That was the top take-away from Friday’s announcement by the companies in the opinion of Seth Woolf, a research analyst with Northcoast Research, an independent institutional equity research firm in Cleveland.
Thor is a $4 billion company and one of the industry’s largest, with 10,500 employees. It reported earnings of $200 million for its 2015 fiscal year ended last July 31.
Additional Information: http://kpcnews.com/business/latest/kpcnews/article_04754761-1cc2-58f4-906f-0aa735a4de2f.html