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 Sep 9, 2016
Navistar International Corp. has released its third-quarter statement, in which the revenues and earnings both declined year-over-year amid soft truck demand and the continued expense of warranty work from a problem with the company’s diesel engines.
The Lisle, Illinois truck maker reported a net-loss of $34 million, up 21 percent from $28 million in the same period a year earlier.
Revenues in the quarter fell 18 percent to $2.1 billion, reflecting lower year-over-year sales of trucks in the heaviest Class 8 weight segment, the company said Thursday. Sales of such trucks, which make up the largest portion of the market, plunged 42 percent in the quarter.
Additional Information: https://www.trucks.com/2016/09/08/navistar-loss-widens-truck-sales/