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 .
Fri Aug 5, 2016
RVIA has published the 2015 Survey of Lenders’ Experiences, a publication detailing the results of the association’s annual nationwide survey of financial institutions concerning their RV lending portfolios.
The report provides an in-depth look at key data from both the Wholesale and Retail Indirect RV lending markets and illustrates why RV loans continue to be an attractive product for financial institutions to include in their portfolios.
With the RV market strengthening and the dollar volume for RV lending also on the rise, the information shows that RV financing continues to be a profitable market for banks, especially when considering the delinquency rate for RV loans continues to be among the lowest of other consumer loans tracked by the American Bank Association.
In documenting the stability and potential profitability of RV loans, the 2015 Survey of Lenders’ Experiences is a helpful tool for industry members to use in educating banks and financial institutions about the RV lending market.
RVIA has mailed complimentary copies of the publication to dealer, manufacturer and finance contacts. Copies are available for purchase in the Publications store on www.rvia.org.
The2015 Survey of Lenders’ Experiences concentrated on the largest lenders in the Wholesale and Retail Indirect markets that together constitute approximately 80 percent of national lending activity.
The research was conducted by Robert Hitlin Research Associates under the direction of RVIA’s Financial Services Committee, chaired by Chris Renn of Huntington National Bank.