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 Dec 6, 2017
REV Group has announced it has established a joint venture with China’s Chery Holding Group in Wuhu to manufacture RVs, ambulances and other specialty vehicles for distribution within China and select international markets.
Chery and REV will initially focus on RVs, with six models, and ambulances, with three models. The joint venture will also explore the development of other types of specialty vehicles. These products will be sold in China and internationally through Chery’s existing distribution network, according to a story by Stockhouse.
This joint venture will combine the strengths of REV, an industry leading specialty vehicles manufacturer in North America, and Chery, a leading auto manufacturing conglomerate and the largest exporter of passenger vehicles in China, servicing 6.5 million customers worldwide. The joint venture will bring together expertise in technology, manufacturing, marketing and management to develop a leading specialty vehicles platform.
“This is the culmination of two years of extensive research and study of the China market,” REV Group CEO and President Tim Sullivan says. “Several individuals on our management team have extensive experience in China and we wanted to make sure we got it right. This is a significant step in our strategy to move our REV products into the international markets. We absolutely chose the right partner and we couldn’t be more enthusiastic about the future of our relationship with Chery.”