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 .

Thor Industries Looking Outside Elkhart for Workers

Wed Jun 14, 2017

145382602566676.pngELKHART, Indiana — Thor Industries, Inc. is roaring into the fourth quarter of fiscal year 2017 – which ends July 31 – showing third quarter sales of $2.02 billion.

But that growth is too much for the Elkhart area to handle, so the RV manufacturing giant is setting its sights outside Elkhart for expansion due to a shortage of workers locally, according to a story by The Elkhart Truth.

Third quarter net income sat at $111.3 million, a 41.6 percent increase over the same period during fiscal year 2016, while gross profit increased 45.5 percent to $293.8 million. Company officials say the significant increase in income and sales is mainly attributable to strong towable and motorized recreational vehicle sales, along with the addition of Jayco in June 2016.

Additional Information: http://www.elkharttruth.com/hometown/elkhart/has-thor-industries-outgrown-elkhart-booming-sales-have-company-expanding/article_9a2f13ef-3b54-58d4-8664-a0f313ce82cb.html