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 15, 2016
The 2016 RVDA Convention/Expo held at Bally’s in Las Vegas last week was up 13 percent in attendance from last year and provided an exciting time for the industry and a successful convention, RVDA President Phil Ingrassia says.
With 698 dealers in attendance, a 13 percent increase from 2015, while the show attracted 1,352 total attendees, a 4-percent total rise in attendance, Ingrassia says the success of 2016 in the RV industry has been contagious and attracted more people to the show.
“I thought there was certainly a good vibe at the show,” Ingrassia says. “Part of that is it’s been a good year for the majority of the dealers and our partners as we head to our best year since 1977. That was very positive.”
The fact that the 2016 presidential election was held during the first day of the trade show also created a unique excitement – or discouragement – among the attendees depending on which side of the political line they stood.
“I thought that the election created a lot of excitement when people were watching the returns roll in. I thought that certainly added some excitement to the week in Vegas,” Ingrassia says. “It just made it a unique thing to have a national election while we were all together at Bally’s.”
With the main focus of the convention being education, speakers from various F&I, training and other focus groups held seminars about things from increasing sales and profitability, effective communication, dealing with a new demographic in millennials and other various topics.
Keynote Speaker Ryan Estis spoke about embracing change in a world that is becoming more technologically based and being able to roll with the punches the changing world throws at them to remain competitive and relevant in a world that leaves the stubbornly stagnant behind.
“I think, overall, the education workshops were really focused on future success in the dealerships,” Ingrassia says. “It’s an event that dealers, organized and put it on themselves. Our committee put in a lot of work to have the topics there that dealers want to learn more about. That is a little unique for us. To have the dealers actively involved - that’s an important part for us.”
After several years being held at the Rio, last week’s event was the third straight year held at Bally’s, and another convention next year will be the fourth straight. The 2017 RVDA Convention/Expo will be held Nov. 6-10 at Bally’s and Ingrassia and his team already are preparing for that as the industry continues its hot streak.
“We’ll have an after-action meeting to find out what they liked, what they didn’t and how we can improve for next year,” Ingrassia says. “Being up 13 percent in dealers and 4 percent overall shows that dealers are looking for continuous improvement, so we’ll get ready for 2017 and keep the ball rolling. We’re always striving to improve.”