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 19, 2016
Because of the recent acquisition of Jayco, Inc. by Thor Industries, Derald Bontrager, president and CEO of Jayco, Inc., has resigned from his position as RVIA Chairman of the Board, effective immediately, to comply with RVIA bylaws that prohibit a member company from having two voting members on the Board of Directors.
RVIA’s First Vice Chairman Bob Parish, vice president with Wells Fargo, will fulfill the chairman’s duties until the Board elects a new chairman and Executive Committee at the September meeting in Burlington, Vermont.
Thor President and CEO Bob Martin, who is running for reelection in the association’s August elections, will continue to serve as Thor’s official representative to the RVIA Board of Directors. Bontrager plans to remain active on the RVIA Board as a non-voting Past Chairman Emeritus.
“Derald has been a wise and insightful voice within the industry and RVIA for many years,” RVIA President Frank Hugelmeyer says. “We appreciate his leadership as chairman and look forward to his continued participation in the association.”
Thor acquired Jayco on July 1 for $576 million, bringing together two of the top five manufacturing companies in the industry under one umbrella. The acquisition had been in the works for months before it was finalized, while talks had happened for more than a year between the two Indiana-based companies.
Bontrager was elected chairman of the board in 2014 and has served on the RVIA Board and on the Executive Committee since 2009, holding the positions of first vice chairman, second vice chairman, secretary and treasurer. He also has served as chairman of the Audit Committee and as a member of the Go RVing Coalition, Public & Legislative Affairs Committee, Public Relations Committee, RV Service Training Council and Strategic Planning Committee.