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 .
Thu Feb 2, 2017
Brevard, North Carolina - SylvanSport’s worldwide presence grew more than 500 percent from 2015 to 2016. For 2017, the maker of the award-winning GO camper continues its dealer expansion and support through partnerships with Wells Fargo Bank, Bank of America, Ally, HSBC, Northpoint Capital and Bank of the West.
Offering dealer floorplanning through some of the world’s largest banks, SylvanSport can now provide more flexibility for their ever-growing dealer network, according to a company press release.
“We’re very pleased about our new relationship with these major financial institutions”, SylvanSport President Tom Dempsey says. "It’s a validation of our past performance, and even more so, the prospect of an exciting future.”
"This really takes us to another level in terms of what we can offer our current dealers, as well as, opens up possibilities for new dealers,” Vice President of Sales Earl Hunter says.
With its outdoor adventure background, SylvanSport brings a young, active consumer persona to the RV industry. According to the Outdoor Industry Association, outdoor recreation provides $650 billion in direct consumer spending each year, providing more than 6 million direct jobs in the United States. Within this industry, there has always been a gap between the outdoor adventure enthusiast and the recreational vehicle market. SylvanSport has positioned itself as a leader in bridging this gap by creating a new hybrid market category.
“GO, our flagship product, is the perfect gateway to bring a younger, more active customer into the RV dealership," Dempsey says. "As this population looks to get off the ground while they camp, but still want to bring all of their toys with them, GO is the ‘first step’ to RV-style camping. And, with our new partnership with Wells Fargo and other banking partners, we will make our product line accessible to more dealers and introduce an even greater number of outdoor enthusiasts to this segment of the market.”