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 Oct 4, 2016
CLEARWATER, Florida – Newcoast Financial Services, LLC has announced that industry veteran Ed Arienti has joined the Newcoast team as Director of RV Operations. Over the last three decades, Arienti has run specialty finance businesses for Bank of Boston, Deutsche Bank, E*Trade Financial, GE Capital and Ally Financial. During those tenures, among other responsibilities, Arienti managed Ganis Credit Corp and Thor Credit Corp.
“We are pleased to welcome Ed to the team. He brings extensive financial knowledge, skills and experience that will strengthen our already successful team,” Newcoast President Jim Kelaita says. “Ed’s experience encompasses product management, strategic planning, sales, sales management and P&L management. However, his primary area of concentration is in the RV industry providing financing solutions to manufactures, dealers and their customers.”
Arienti is recognized as an industry leader in the middle market commercial lending and direct/indirect consumer lending with a focus on recreational industries. He holds a B.A. in Accounting from Villanova University and an M.B.A. from Long Island University.
“Today’s indirect lenders seem to deliver financial services all from the same play-book,” Arienti says. “I firmly believe that Newcoast is uniquely positioned to assist dealers in closing sales that would otherwise remain unfulfilled. The Newcoast team possesses deep skill sets and exceptional relationships with banks that exceeds what the RV industry is currently aware of.”
Ed Arienti and the Newcoast team will be at the RV Dealers International Convention and Expo in Las Vegas, November 7–11, in booth #123. For more information, contact Jim Kelaita at Jim@newcoast.com or call 727-450-1160.