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 .
Fri May 26, 2017
LINCOLNSHIRE, Illinois - Camping World Holdings, Inc. has announced plans for continued expansion in the state of Virginia, with the acquisition of Reines RV Center, with dealerships in northern and central Virginia.
"It's an exciting time for us, as we expand in the Virginia market with the wonderful people of Reines RV joining the Camping World family," Camping World CEO and Chairman Marcus Lemonis says. "We are elated to provide customers with top notch, convenient SuperCenters, across the state, that can fulfill all of their outdoor and RV needs, from thousands of accessories, to RV sales and service."
Camping World currently operates SuperCenters in the Roanoke and Winchester areas as well as Richmond with the recent acquisition of McGeorge's RVs and also in Thornburg with the recent acquisition of the Safford RV dealership. The Reines RV Center acquisition further expands the market footprint, increasing Camping World's current presence in the state of Virginia to six SuperCenter locations.
"Over the past 70 years, the Reines family and staff have been honored with many awards for sales and consumer excellence and we look forward to continuing their high standards of quality and service," Camping World Chief Operating Officer Brent Moody says. "This important acquisition reinforces our commitment to further expansion in the state of Virginia and our focus on increased market share with our country-wide expansion."
Reines RV President Lindsey Reines spoke about Camping World acquiring several other dealerships for a story about a week ago regarding longer lead times.
"Camping World has purchased two very large dealerships out here. There are a lot of rumors about dealers coming into the market area too," he said. "In the next year or two, we will see some significant changes as to who the players are. There's a lot of consolidation in our industry and a lot of very large dealerships coming into this Virginia market area. You have to be on top of your game and do the things you’ve done to be successful. There's nothing wrong with competition if you’re prepared for it."