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 Jan 26, 2018
Winnebago (WGO) and Thor Industries (THO) plunged in heavy volume Friday, extending recent losses as an analyst raised concerns over dealer inventories, according to a story in Investor’s Business Daily. However, both stocks had bounced back more than 2 percent this morning.
The website reports that Northcoast Research lowered both stocks to a neutral rating from buy due to concerns that dealer inventory is at an "unsustainable level" for 2018. This despite numerous industry indications the RV market will continue to grow, following two years of more than 15 percent in the OE market.
“Winnebago fell 8.4 percent to 44.86 in afternoon trade on the stock market today. On Thursday, shares tumbled more than 8 percent, losing sight of their 50-day moving average. Thor Industries plunged 8.8 percent to 136.10, joining Winnebago below its 50-day line,” IBD says.
“If a stock breaks below the 50-day line in heavy volume after a long run and can't rally back, it's often a signal that buying demand is drying up and the stock's run is ending,” IBD adds.