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 .

RV Industry Growth Accelerates Beyond Projections in 2016

Tue Jan 3, 2017

When Thor Industries and Jayco Corp., both based in Elkhart, Indiana, joined forces in July, it became the biggest story in the recreational vehicle industry world in 2016.

Yet, the acquisition was just one example of RV companies looking for ways to keep pace with rising demand.

An association forecast committee, working with the director of consumer surveys for the University of Michigan, projected RV shipments would reach 395,000 this year and, as of mid-December, they exceeded 400,000.

The forecasting now expects 2016 shipments will come close to 420,000. For 2017, shipments are projected to reach 438,000.

Additional Information: http://kpcnews.com/business/latest/kpcnews/article_bedd1350-0167-5104-a91b-9595daba551c.html