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 Aug 1, 2017
Unemployment’s low. The stock market is at all-time highs. Economic forecasts are up. The economy seems pretty good right now doesn’t it? It is. But it’s not those metrics that should convince you. It’s this one: sales of recreational vehicles.
Ask any economist and you’ll be told that when luxury items are selling, it’s an indication that the economy’s good. The RV industry got hammered during the last recession, of course, because who had the money to buy one? But now, RV sales are good. How good?
According to the Recreational Vehicle Industry Association, shipments will reach 472,000 vehicles this year, the highest annual total since data has been collected and a 9.6 percent increase from last year. Projections are even higher for 2018, according to a story by the Washington Post.