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 .

Thor Industries Distances Itself in First Place After Acquisition

Mon Jul 11, 2016

ELKHART, Indiana — The chief executive officer of Forest River Inc. made a bold prediction about two months ago at the RV Industry Breakfast in Elkhart.

Pete Liegl predicted Forest River and Thor Industries Inc. would grow to each account for 40 percent of recreational vehicle sales nationwide.

Though both Elkhart companies are growing, they're no longer neck-and-neck competitors. Thor's recent $576 million purchase of Middlebury-based Jayco Inc. has cemented its position as the industry's largest RV manufacturer; Forest River, owned by Warren Buffett-led Berkshire Hathaway, has become a distant second.

Additional Information: http://www.southbendtribune.com/news/business/rv-industry-s-consolidation-has-perks-for-buyers-sellers-and/article_0b05e23b-5bef-505b-8aa2-b387e273dbef.html