RVIA Economic Impact Study

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 .

Truck Sales Headed for 10 Million Mark

Mon Nov 7, 2016

Automakers are on pace to sell more than 10 million light trucks in a single calendar year for the first time, according to a story by Nick Bunkley in today’s edition of Automotive News.
Car sales, however, are on pace to fall below seven million this year for the first time since 2011 and only the fourth time since 1962.

So while it's increasingly unlikely that 2016 will beat last year's record for total light-vehicle volume, the article states, sales of the big vehicles that generate the bulk of many automakers' profits are at an all-time high. With gasoline prices expected to remain low and SUV sales still rising, 2017 could be even better for the bottom line, according to the article.

"I think it looks a lot like '16 with more movement towards trucks," AutoNation CEO Mike Jackson says. "The only restriction has been installed productive capacity. ... And that is certainly good for the industry overall to have. It's more profitable for the manufacturers on the truck side than on the car side."

Through October, overall new-vehicle sales were 0.3 percent short of last year's record-setting pace. But light-truck sales were 7.1 percent higher than in the first 10 months of 2015. At that rate, trucks would account for 10.6 million units out of 17.4 million units. (Industry sales totaled 17.47 million units in 2015.)

Light-truck sales have more than doubled since 2009, when 4.7 million were sold.
Car sales, on the other hand, fell 9.7 percent through October. All nine car segments tracked by the Automotive News Data Center were down in the first 10 months of 2016.

Additional Information: http://www.autonews.com/article/20161107/RETAIL01/311079966/truck-sales-on-pace-for-10-million-mark