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 .
Wed Jul 20, 2016
The RV industry in Illinois is off to a great start in the summer of 2016, with several products continuing to trend upward from the previous year.
With the summer months, the family units and models are the ones jumping off the parking lots, such as the bunk houses and travel trailers.
Fourwinds RV in Peoria, Illinois is one dealership that has seen the sale of RVs increase from last year, and owner Pete Koyak says the trend he’s seeing is a focus on the family.
“We have been very busy. Last year was a really good year as far as people purchasing RVs and this year we’re up over that,” Koyak says. “We are seeing the continuing growth of people wanting and buying RVs. Right now in summertime, you get a lot of families buying. The demographic is a lot of the younger families in that 30-40 age range with kids.”
Koyak also says it seems the summer months push family vacations and bonding more than any other time of the year, because the family is home more often and has more time to do things together.
“There’s a growing trend for people to want to have more concentrated time together as a family,” Koyak says. “Rather than everyone on their iPods and cell phones and all that. Camping gives you that throwback – they remember camping as a kid and they want to relive that a little bit and share that with their kids and it gives it more of that family bonding, hanging out in campgrounds. You’re interacting with each other rather than gadgets.”
Richard Flowers at Larry’s Trailer Sales in Mulkeytown in the southern part of the state says he is seeing a focus on customers buying the low-end motorhomes and trailers, rather than splurging on anything elaborate and expensive.
“In our market, we trended toward the lower end products sold better,” Flowers says. “It’s been the stick and tin regular ones. They took the frills out of them and (the customers) love them.”
However, the cheaper trailers have hurt the used RV business, Flowers says. When customers see a new RV without the gadgets and gizmos at only a fraction more of the cost than a used RV with all the bells and whistles, customers have stayed away from the used to buy the new.
On both trends seen throughout the northern and southern parts of the state, Koyak says RVs have never been a necessary item to have. But it’s been obvious over the past couple of years that they are things people are wanting more and more, helping the RV industry grow throughout the state.
“Nobody needs one of these. It doesn’t get you to the grocery store or get the kids to school,” Koyak says. “But thankfully, they want them and there are benefits. The big one is family bonding in a world where we’ve become so distant from each other. Text, email, it’s so impersonal that this is away to not let go of those family values that we all grew up with before technology became such a major factor. These RVs have everything we need and, yes, a lot of them are gadgety, but it slows down life a little bit, which is fantastic.”