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 Jul 5, 2017
In Michigan, the first half of the year was a slow selling season for luxury and high-end fifth wheels. However, the last month and a half, they have been making up for lost time, according to Larry Andree, the owner of A&S RV Center, which has locations in Auburn Hills and Midland.
“We were a little disappointed in the early spring, but the last 45 days, it’s all of a sudden been strong in the summer,” Andree says. “We’re almost out of them and it’s hard to get them.”
For type A motorhomes, Andree says he has seen a significant uptick, but the problem has been the availability in a busy selling season such as this. The lead times are out all the way to December, while the type Bs aren’t much better.
“The biggest challenge is getting inventory in a timely manner,” Andree says. “The manufacturers are in the same boat we’re in – it’s hard getting product in this time of the year. I originally thought we ordered too much (product), but we’re not going to have enough. We’ll probably have these products in October, November or December, so I’ll be able to get it when I don’t need it.”
Additionally, the used market is strong in the area in just about every classification of motorhome, Andree says. While the manufacturers’ lead times may be a problem, it is still proving to be a great year and a somewhat good problem to have when so many customers are excited about RVing.
“Every product we carry is doing well and up over last year,” Andree says. “You can’t pick one price point as being so much better than any other. Last year was our best year ever and we’re beating it this year.”