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 .

3Q Boat Sales Highest Since 2008

Mon Dec 12, 2016

145383730494426.jpgRecreational boat sales rose less than 1 percent in the third quarter, but it was enough for the industry to record the highest sales for that quarter since 2008, according to Trade Only Today magazine.

Sales rose 1.1 percent in the main powerboat segments to 43,494 and 0.8 percent industrywide to 73,055 in 47 states that represent 97 percent of the U.S. boating market, Statistical Surveys said today.

“It’s slight growth,” said Statistical Surveys sales director Ryan Kloppe, but he said it’s growth nonetheless and builds on gains from previous years. “We’re still on pace for a 5 to 6 percent increase this year.”

The industry sold 72,496 boats in the third quarter last year, which is typically the second-busiest of the year.

In 2008 the industry sold 80,099 boats in the quarter, but just 64,301 in 2009. Sales then fell into the 50,000s for three years before rising to 61,174 in 2013 but continued to climb at a moderate pace since.

The industry’s uneven performance in the quarter characterized the 2016 boating business year with sales dipping 5.7 percent in July, then increasing 11.8 percent in August. Sales rose again in September, but only by 1.6 percent.