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 .

CRVA Reports Wholesale Shipments Up 18 Percent

Tue Nov 22, 2016

145649648653340.jpgCRVA is has reported that wholesale shipments during the third quarter were up by 18 percent over the same period in 2015, highlighted by a 22 percent increase in Travel Trailers, 12 percent increase in Fifth Wheels and an 11 percent increase in Motorhomes (type A,B and C combined) for the quarter ending Sept. 30. While overall wholesale shipments remain down by 6.05 percent YTD, CRVA has seen a robust rebound in wholesale figures since April.

CRVA believes that a stable Canadian Dollar combined with low dealer inventory levels contributed to the increased shipment numbers during the last quarter, according to a press release.

“Retail numbers during the 2016 Winter/Spring RV Shows were definitely affected by our weak dollar that hit 1.45 versus the U.S. dollar in January," CRVA Executive Director Shane Devenish says. "The poor timing right before our show season led to our slow start this year but we have rebounded nicely.

“We feel that there is substantial pent up demand in the market today and now that the dollar has stabilized we believe that more consumers will come out looking at purchasing a new RV and the show season will be much more robust for dealers in 2017. We are also looking toward an improvement in Alberta Shipments after the tragic circumstances the region had to endure this year in Fort McMurray and the effect that this disaster had on Alberta’s overall economy so both of these factors figures to bode well for our members in 2017.”