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 .
Mon Nov 20, 2017
ORLANDO, Fla.—US Equity Advantage has entered into a partnership agreement with Brown & Brown Insurance, one of the nation’s largest independent insurance brokers, to provide its AutoPayPlus biweekly loan payment service to automotive and recreational vehicle dealers.
To facilitate the partnership, USEA has also completed an integration with American Guardian Warranty Services Inc.’s AGWS menu software selling platform used exclusively by Brown & Brown. AutoPayPlus is the first vehicle financing solution outside of the AGWS family of products to be offered on the AGWS menu, according to the provider.
A 10-year analysis by USEA analysts found that dealerships sell about one-half to two-thirds more F&I products on biweekly deals as opposed to standard retail deals. In addition, results from USEA’s top dealer groups reveal a 63 percent increase in per-vehicle financed income on AutoPayPlus customers.
“Auto dealers nationwide have found success with USEA’s AutoPayPlus biweekly payment service,” Brown& Brown Recreational insurance group head Mike Neal says. “Our recreational vehicle dealerships can expect even greater success using this strategy because of larger average finance amounts and longer loan terms.”
“Over the past 19 years, American Guardian has been proud to offer a full suite of F&I products that provide excellent coverage and value, while allowing for higher profitability for dealerships,” American Guardian Senior Vice President of Sales and Marketing Jon Anderson says. “Extended service contracts, appearance protection, warranty protection, and tire and wheel coverage are just some of the products that American Guardian offers.”
Dealers who take advantage of the AutoPayPlus service will also benefit from the high-touch support that USEA provides including unlimited in-store training and hands-on in-house dealer support designed to increase F&I sales performance and customer satisfaction, according to CEO Robert Steenbergh.
“We look forward to adding Brown & Brown’s dealers to our nationwide family and getting them up and running within 24 hours of signing an agreement with us,” Steenbergh says.