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 .
Tue Jul 25, 2017
FORT LAUDERDALE, Fla. - Ocean Bio-Chem, Inc., the parent company of Star Brite and Star Tron products, has announced record net sales for the second quarter and the first six months of 2017.
For the second quarter of 2017, net sales were about $9.9 million, compared to about $8.7 million for the second quarter of 2016, an increase of about 14 percent or $1.2 million. For the first six months of 2017, net sales were about $18.3 million, compared to about $15.5 million for the first six months of 2016, an increase of about 18 percent or $2.8 million.
"We are pleased to be able to announce these record results," Ocean Bio-Chem CEO and President Peter Dornau says. "In the case of our six months results, this is the fifth consecutive year net sales reached record levels for the first six month of the year. Our performance underscores the continuing success of our investment in advertising and marketing efforts, which has facilitated increased brand awareness and acceptance of our high-quality Star brite and Star Tron products.
"Our second quarter net sales were also exceptionally strong, with net sales approaching $10 million. These results reflect increased purchases of both Star brite and Star Tron products by several of the company's major customers.
"In the third quarter, the company will continue to invest in advertising and marketing to support our Star brite, Star Tron and Performacide products, as well as new product initiatives."