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 Aug 3, 2016
The recreational vehicle industry is robust and poised for a bright future, according to several industry stakeholders in Elkhart County and beyond.
RV dealer sales are one way to track the RV market. Pam Argostino is the general manager/president of Camp-Land RV, a large family-owned RV dealership serving the Northwest Indiana-Chicago area for 50 years. Her dealership has experienced an uptick in sales with the improved economy.
From 2010 to 2014, the dealership was inching its way back, with sales increasing each year. In 2015, the dealership surpassed pre-recession numbers, with sales up almost 15 percent over the previous year.
Additional Information: http://www.nwibq.com/business/rv-industry-resurgence/