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 11, 2016
The 27th Annual Fall Detroit Camper & RV Show ended Sunday, with the Michigan Association of Recreational Vehicles and Campgrounds feeling even more optimistic about the industry going forward.
The show brought in just under 13,000 people to the show, a greater-than-average number of attendance, according to MARVAC Executive Director Bill Sheffer. However, it didn't quite reach the anticipated number of 15,000.
“We were up slightly from last year,” Sheffer says. “About two and a half percent. We had great weather here. There was no inclement weather and was in the ‘60s all week. People may have made decisions that kept them away from the exhibition which was indoors. When you have a little bit of precipitation, you usually have a higher attendance.”
Another reason Sheffer pointed to the attendance not meeting the anticipated 15,000 was the upcoming election in just less than one month. Sheffer says people could be sitting back and anticipating what’s going to happen before buying an RV.
But with still more in attendance than the previous year, Sheffer says the show was a success, as evidenced by the mood and feedback he received from the dealers exhibiting at the show.
“It was a great selection of product,” he says. “We had 286 new recreational vehicle sin the display area. I think the mood of the dealers, from what I gathered on Sunday night, was that it was a strong show, a lot of interest. A lot of people will make purchases within the next year.”
The Suburban Collection Showplace, where the Detroit Camper & RV Show was held, will be undergoing a construction project that will add another 90,000 square feet to its show space, bringing the building closer to 300,000 total square feet. That will allow the show to expand its size and attract even more attendees to the event, if all of the other indicators show that such an expansion is right, Sheffer says.
Going forward, MARVAC and the other Michigan dealers have the Louisville show to prepare for as well as five shows held from January through March, starting with the Battle Creek Show in January. Sheffer says the show will give all of the dealers and those in the association momentum going forward for the show season.
“It gives them a strong push into the fall and the winter shows,” he says. “It’s an opportunity to participate in those shows and participate in a lot of sales. We’re pretty comfortable with what we did and we look forward to a good year.”