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 Nov 1, 2016
The 2016 RVDA Convention/Expo is about to kick into high gear, as 10 percent more pre-registered attendees are signed up for the week-long show in Las Vegas next week.
RVDA President Phil Ingrassia says more than 600 dealers and RV industry personnel are registered, including those from Canada, which is another percentage climb for a show that has been steadily gaining traction over the last few years.
"As the business has improved and dealers have added personnel, companies are in better shape and want to train and develop their people," Ingrassia says. "That's what we're aiming at. This is a convention by dealers for dealers, which means we have a convention/expo committee that helps formulate the education program. We take a lot of feedback as to what dealers want to see at the convention."
The RVDA Convention/Expo will be held from Nov. 7-11 at Bally's in Las Vegas, during a time in which the RV industry is hitting unprecedented highs and nearly every industry show is setting attendance and sales records. The 10 percent increase from last year at the RVDA Show is another indication of the strength of the RV industry. But Ingrassia says the real challenge comes in how the industry sustains that activity. The seminars and trainings that will be happening at the show are designed especially to address the industry growth and maintaining the current interest among customers.
"We are seeing record shipments and sales," Ingrassia says. "We are having the best year since 1977 with a projection of more on top of that. We've seen these numbers before, but it's dipped in the past. Can we sustain them? We want to make this the new floor and grow from that. Some of the workshops are aimed at that. We want the motivation to keep it going and be profitable. You can sell a ton of stuff, but if you're not doing it in a profitable manner, you can't sustain that."
While in Vegas for the convention, Election Day will pass on Nov. 8, in which a new U.S. president will be elected, Ingrassia says it has the potential to shake up some consumer confidence, despite the outcome. But it's the responsibility of the dealers and those in the RV industry to try to keep the confidence at its current level.
"I think a lot of people will be relieved to have this very contentious election over with," Ingrassia says. "No matter which way it goes, the majority of people will have their say. That should help keep consumer confidence on an even keel. Will we continue to have contentious debates in Washington over whatever? Yes, we will. But keeping consumer confidence at this level and improving it and continuing to have a strong market is the goal. Consumer confidence is a key driver to whether we will have a good year. I think a lot of us will say 'Well, it's settled.' We may not be happy with it, but that's the way it's going to be."
In addition to several new seminars directed to new and up-and-coming management dealers, the RVDA also has revamped its new mobile app, which will allow dealers and show attendees to plan their schedules in advance, taking a look at all of the offered seminars, as well as complete an evaluation online. The app is available on RVDA.org as well as through the Apple store.