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 Apr 5, 2017
Huntington Bank has expanded its RV & Marine Finance business by nine states to 26 and grown its dealer network by 40 percent since acquiring the capability with the acquisition of Akron, Ohio-based FirstMerit Bank in August 2016.
Tom Wirth, the managing director of Huntington RV & Marine Finance, served as the company's Auto Finance product and strategy director with the responsibility for dealer outreach and product and service innovation, before he was named as managing director and senior vice president. The company serves more than 1,400 marine and RV dealerships in the midwest and southeastern United States.
Before Untington, Wirth served as indirect line of business manager and national retail executive at U.S. Bank, where he helped grow auto, RV and marine finance assets under management to $25 billion.
He has served as vice chairman of the Consumer Bankers Association auto finance committee and has been involved with the Association of Consumer Vehicle Lessors legal committe and is a past member of the National Vehicle Leasing Association.