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 .
Wed Dec 21, 2016
The RV industry in California is on its way to having one of the best years it has had in more than a decade.
With the snowbird season in full swing now that winter is officially here, California Recreation Vehicle Dealers Association Executive Director Terry McHale says the economy, the industry excitement and other factors are creating a perfect storm for the continued rise of the industry throughout the state.
“The economy is in full swing and full recover and I think people are optimistic about the idea that it’s a good time for families to use that discretionary money to go out and enjoy opportunities,” McHale says.
The industry in California represents the second highest economic output of any state in the nation, second only to the RV headquarters of Indiana. According to the RVIA Economic Impact Study, California brings in $2.2 billion in total economic output per year and is responsible for 13,319 direct jobs.
With a new administration about to take office, McHale says the future is still a little unknown, but with the way things are going in the industry, it is anything but bleak.
“It’s going to be interesting to see what happens with the tax structure in the U.S. to see how that impacts California with the new administration,” McHale says. “We’re looking at having an opportunity of opening up a lot of recreation sites that have been closed in the past because of the drought. I think it’s going to be a fascinating time for our country. There are an array of issues and I’m looking forward to how California responds.”
Even with the fall of the Canadian dollar, the snowbirds have continued to move south for the winter, inhabiting the states of California, Arizona and others in the southwest. McHale says he hasn’t seen any drop off from number of Canadian RVers; instead, he has seen an increase to the RV business in the winter months.
“There’s a great deal of competition for the dollar and we’re very proud of not just the value but the idea that to invest not just your money but your family equity in RVing,” McHale says. “I think the drought was a deep concern. We’re very pleased to note that the reservoirs are filling up and we’re hopeful that will continue.
“This industry contributes billions of dollars to the California economy. Not just sales, what we do to encourage people to go to parts of the state. We’re proud of what this industry does.”