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
Charlotte, Mich.—Spartan Motors has reported third quarter net income of $2.7 Million, an increase of 147 percent over the previous year’s third quarter, with an increase of 9 percent sales, generating $0.08 per share, compared to a net loss of $5.8 million, or $0.17 per share, in the third quarter of 2015.
"Our solid third-quarter 2016 financial performance was primarily led by another strong contribution from our fleet vehicles and services segment that continued to help drive both revenue and profit growth," according to Daryl Adams, President and Chief Executive Officer of Spartan Motors.
"Our other businesses performed as anticipated during the quarter, and we are very pleased to see our improvement efforts continuing to gain momentum across all three of our business segments, as we achieved our most profitable year-to-date results since 2009,” Adams says.
“Our talented and dedicated team remained focused on delivering the operational efficiencies and improved processes that are part of our ongoing, multi-year turnaround plan for the Company."