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 .
Thu Oct 20, 2016
MILWAUKEE - REV Group has announced that it has chosen Wells Fargo Commercial Distribution Finance, part of Wells Fargo & Company, to launch a new program for dealer and distributor financing across the U.S. and Canada. REV Financial Services will provide SV and manufactured equipment dealers with a range of financing programs and access to a suite of online business tools that can help meet today's complex business requirements and simplify inventory management.
The benefits of REV Financial Services extend beyond flexible financing programs. Dealers can tap into resources tailored for streamlining day-to-day operations and help businesses grow with:
• Common operating platform for all North American REV dealers
• Pre-owned financing capabilities
• Opportunities for improved liquidity and enhanced cash flow
• Field service representatives deployed to complete onsite inventory inspections
• Dedicated sales and servicing professionals with extensive industry experience
Dealers using REV Financial Services also will have access to Wells Fargo CDF's industry leading digital tool Customer Online Management System (COMS). COMS is an easy-to-use system that accepts payments and offers inventory management tools. Those participating in the program also can use Dealer Insights, an online portal within COMS that delivers analytic and tactical reporting customized to a user's unique business such as inventory statistics, local demographics and financing options.
"We are excited to announce the launch of our program with Wells Fargo CDF," REV Group President and CEO Tim Sullivan says. "By joining forces with them, our extensive network of dealers can use top-of-the-line inventory financing solutions and analytics."
Headquartered in Milwaukee, REV Group is an industry-leading company with more than 20,000 vehicle sales per year. The company manufactures brands of buses, mobility vehicles, ambulances, fire apparatuses, recreation vehicles, terminal trucks and sweepers, and provides dealers with reduced borrowing cost options and larger credit facilities.
"REV Group manufactures 26 unique brands within the specialty vehicle industries, and their dealers require an enormous amount of information to run their operations," Wells Fargo President of the RV and SV Group Tim Hyland says. "This is a fantastic opportunity to strengthen our relationship with REV and give their dealers the tools, insights and analytics to help them maintain and grow their operations."