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 .
Thu Feb 1, 2018
NADAguides has released its year-end Market Insights Report for 2017, noting its web traffic was significantly higher across the board over the past year, indicating that consumers are highly interested in RV travel, according to a release by the Recreational Vehicle Dealers Association.
“Younger buyers will continue to support demand for camping and truck trailers, and, to a lesser extent, class C motorhomes,” says Lenny Sims, vice president of business development & strategy for J.D. Power. “Economic fundamentals continue to trend in the right direction, and the new tax code should further support demand in 2018
RVDA endorses NADAguides’ Appraisal Guide, which is owned by J.D. Power. To download the report, please visit the RVDA website.