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 Oct 4, 2017
Unit sales for Thor Industries were up more than 50 percent in the third quarter, while the company’s stock hit an all-time high last week.
Motley Fool Money Radio Show Host Chris Hill and Million Dollar Portfolio’s Matt Argersinger spoke about the company’s growth and some of the reasons why the stock rose so much, according to a video on Motley Fool’s website.
“Part of that is, they made an acquisition about a year ago, that's helping,” Argersinger says. “But still, backlog of orders, up more than 100 percent. And I would have to believe that lower gas prices are having somewhat of an impact on the RV industry. I looked at it, gas prices peaked in 2012. They've fallen about 50 percent since then. And really, 2012, 2013 was the inflection point for Thor's business, where sales really started taking off. So you can see a fuel sensitive vehicle like an RV, that's a major consideration. But, I have to say, the growth looks great, they have a growing dividend, stock is less than 20X earnings.”