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 .

Millennials Hit Road in New Generation of RVs

Mon Dec 5, 2016

This fall, one of the hottest things in outdoor gear wasn’t a new drone or motorized skateboard. The tech tastemakers — from Outside Magazine to Gear Patrol —collectively drooled over a recreational vehicle. That’s right, an “RV” — specifically the Airstream Basecamp, a $35,000 teardrop of aluminum that can be towed behind a Subaru.

The aerodynamic, riveted pod comes with one massive panoramic window, solar power, Italian cabinetry and a Bose Bluetooth speaker system. It’s an RV made for Instagram, not cousin Eddie, and it’s been in high demand since hitting dealerships in September.

The Basecamp and a crowd of models like it have pushed an already brisk business to historic highs. Americans are expected to buy about 420,000 homes-on-wheels by the end of the year, more than since Gerald Ford was president (That was the mid-1970s, millennials). The Recreation Vehicle Industry Association expects sales to increase by another 4.4 percent next year. In short, the mood was giddy last week when the country’s RV dealers gathered for their annual trade show in Louisville, Kentucky to check out the newest models and place orders for the spring.

Additional Information: https://www.bloomberg.com/news/articles/2016-12-05/millennials-hit-the-road-in-a-sleek-new-generation-of-rvs