RVIA Economic Impact Study

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 .

BlackBook Integrates Vehicle Valuation in AutoSoft DMS

Tue Jan 23, 2018

151553342561481.pngBlack Book, a division of Hearst Business Media that provides industry-leading used vehicle valuation and residual value forecast solutions, announced a partnership agreement with Autosoft, Inc., a leading national dealer management system (DMS) provider, according to a Black Book press release. Under the agreement, Black Book will integrate its vehicle valuation data into Autosoft’s DMS offering for dealers around the country.

With the integration of Black Book’s data, Autosoft’s dealer partners have access to accurate vehicle values when working with a customer during the trade appraisal process, avoiding what can often become adversarial relationships with customers, the release states. “The trade appraisal process is one of many critical components in completing a vehicle purchase from a franchised or independent dealer.

“Results from a recent Black Book survey showed consumers feel a vehicle trade-in quote that’s far from expectations is the second-most likely scenario to kill a possible deal,” the release continues. “Many consumers cited specific frustrations with the valuations they often receive from a dealer. Thirty-six percent of those polled said their researched quote was $1001 - $1500 apart from the dealer’s offer; and another 27 percent said their quote was more than $1500 apart. Nearly half (47 percent) said they need the dealer’s offer to be between $501 - $1000 of their research quote for it to be acceptable.”