RVIA Economic Impact Study

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 .

Navistar Financial Closes on $300 Million Floor Plan Transaction

Fri Oct 7, 2016

146548760912133.jpgLISLE, Illinois - A subsidiary of Navistar Financial Corporation closed a $300 million, two-year, 144-A securitized dealer floor plan transaction to support International Truck and IC Bus dealer inventory funding. The transaction will replace a $250 million deal from November 2014 that matures in October 2016, after which NFC will have approximately $1.05 billion in total wholesale funding capacity.

"This transaction should provide adequate liquidity to support the company's wholesale portfolio," Navistar President BIll McMenamin says. "Demand for the issue was very strong and allowed us to upsize the transaction from the $250 million originally planned to $300 million."

NFC, an affiliate of Navistar International Corporation, provides financing programs and services tailored to support equipment financing needs for International Truck and IC Bus dealers and customers.

"The quality of our portfolio and the strength of our dealer network have earned the ongoing confidence and support of our investors," McMenamin says.