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 Nov 3, 2016
Milwaukee, Wis. – ARI Network Services has acquired Auction123, a provider of software and services to help dealers manage and feed inventory information to online marketplaces and improve sales and leads.
Auction123 serves the automotive, power sports, recreational vehicles and marine markets. Terms of the transaction were not disclosed.
“The acquisition of Auction123 will accelerate ARI’s growth in our existing vertical markets, introduces ARI into the automotive dealer market and is consistent with our strategy to grow the business both organically and through strategic acquisitions,” ARI President and CEO Roy W. Olivier, says. “We are excited about the opportunity to cross-sell our other products into Auction123’s base of more than 1,200 dealers.”
Founded in 2001, Auction123 has provided online marketing solutions, inventory management and website development for dealers. Their web-based software offers integration of dealer management systems, the dealer’s website, eBay Motors, Craigslist, Facebook and other third-party classified websites.
Auction123 will maintain its headquarters in Weston, Florida.
“We expect the Auction123 acquisition to generate incremental revenue of more than $3 million for the remainder of our fiscal 2017 and be accretive to adjusted EBITDA,” according to ARI CFO William A. Nurthen.