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 .
Mon Dec 5, 2016
A survey completed by members of the Recreation Vehicle Aftermarket Association revealed that even though the past 12 months, net income after taxes has been higher than they were during the previous 12 months for more than 63 percent of the responders, a general feeling of uncertainty for the next 12 months is prevalent among more than half of the responders.
The feeling of uncertainty could be attributed to a new administration taking over the white house and very little political history to predict what President-Elect Donald Trump will do as he steps into office early next year.
RVAA President Susan Carpenter wrote a letter to the members of RVAA, saying the exciting year only looks to get better.
"The industry is strong and growing, and that includes the aftermarket," Carpenter says. "The majority of us (64 percent) saw our net earnings increase over the past year, according to the recent RVAA 3-Minute Survey. This data is encouraging, but I’d like to see that percentage grow even higher. More and more consumers are investing, or reinvesting, in the RV lifestyle. It’s an opportunity for the aftermarket, and all of us. Continue to focus on innovation, efficiency, training and customer service – and we’ll all succeed.
The projections for 2017 points to another increased year for the RV industry - an eighth straight if that were to happen.
"According to our survey, more than a quarter of you say business conditions will be better in 2017," Carpenter says. "But there will be things to watch that may impact our businesses, including a new administration in the White House, unlike we’ve ever seen before. Your RVAA leadership will continue to focus on how to make our trade association as valuable as possible for each member, and how we keep the RV aftermarket strong and relevant in such dynamic times. Looking ahead to 2017, our goal is to continue to implement our Strategic Plan to reach new heights and grow as an organization. We are excited about announcing a new partnership with RVDA soon, which will provide benefits for respective members of both organizations."