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 Aug 11, 2017
Recreational vehicles, caravans, campervans or motorhomes - whatever size they are and whatever you call them, they are back and picking up a new generation of eager fans just wanting to hit the road.
Europe has seen a resurgence in leisure vehicle purchases, with consumers once again opting for these "big-ticket items" after the euro zone debt crisis of 2013 and the financial crash of 2008.
The latest numbers from the European Caravan Federation show the European motorcaravan and caravan market did exceedingly well in 2016, registering its highest sales in seven years, according to a story by CNBC. A total of 170,064 leisure vehicles were newly registered in Europe in 2016, according to the ECF, a robust gain of 10.6 percent and a trend, it says, that reflects the continued popularity of caravan camping and travel in Europe as a whole.
In the first quarter of this year, Germany - the largest market for leisure vehicles - saw a 6 percent year-on-year rise with 14,366 new registrations, whereas Great Britain showed a 6.6 percent rise with 9,770 new vehicles registered. This comes as car sales in both countries remain weak, with Germany seeing just a 2 percent rise in the first half of 2017, and the U.K. seeing a contraction.