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 .

Ball State Economist Says Acquisition Shows Health of RV Industry

Mon Jul 11, 2016

ELKHART, Indiana — The announcement that Thor Industries bought Jayco last Friday sent shockwaves throughout the recreational vehicle industry, the largest of which were felt in Elkhart County.

Thor Industries, the world's largest RV maker, bought Jayco for $576 million. Little will change for Jayco and its employees, as the company will operate as a subsidiary of Thor with the existing management remaining intact.

For the RV industry, however, the move puts nearly 50 percent of the North American RV market in the hands of one company, according to Statistical Surveys, an RV industry analyst. Some area residents and industry insiders are questioning whether having one company control nearly half of the market is a good thing for the industry and Elkhart County.

Additional Information: http://www.elkharttruth.com/news/business/2016/07/11/Does-Thor-own-too-much-of-the-RV-industry.html