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 Buyers Getting Progressively Younger

Thu May 11, 2017

Nashville - When you think about motor homes, do you think about millennials? Driving an RV is no longer a goal for retirement, it's freedom for the young. It's a tiny trend that has big companies like Winnebago taking notice.

Millennials are not moving around the country in giant motor homes, instead these happy campers are opting for tiny RVs. According to the Recreational Vehicle Industry Association, the fastest-growing demographic is 35 to 44-year-olds, according to a story by News Channel 5.com.

A decade ago, that number was 49. And now, thanks to smaller rigs and tiny tows, that average age may dip even lower thanks to social media buzz and hashtags, like "van life."

This trend comes as no surprise to Phil Simpson, manager of Bankston Motor Homes in Nashville. He said smaller RVs don't stay on his lot long.

Additional Information: http://www.newschannel5.com/news/no-longer-for-retirement-now-millennials-are-hitting-the-open-road-in-rvs