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 Mar 5, 2018
Author: Jeff Thomas
Eight years after leaving a distributing deal with another industry giant, the Colorado-based founder of Let’s Go Aero, which holds the Intellectual Property (IP) to Lippert Component’s Inc. popular Jack-It Bike Carrier, figures he’s gotten his mojo back.
“Gaining market share and growing the SKU count are the best ways to protect a patent, and we are pushing our VRack inventions into new markets and onto new vehicle surfaces,” says Marty Williams, the founder and chief inventor at Let’s Go Aero in Colorado Springs. “We are working with LCI on a number of new bike transport and storage solutions that use the VRack design.
“Jack-It achieved success because a very talented team at LCI believed in it and simply presented it to a market that was waiting for it,” Williams says.
LCI was in concurrence about the launch of Williams' first product, which took less than six months. Jack-It was first presented to LCI on Jan. 20, 2016 and saw its first sale in June of the same year and sold about 40,000 units last year.
“It was one of the smoothest launches I’ve ever seen,” said says Jarod Lippert, vice president of marketing and public relations for LCI.
Lippert is planning to expand Let’s Go Aero’s easily recognizable V-shaped bike carrier line this year, including a system that turns the Jack-It carrier into a modular solution. The Bump-It system will allow the bike carrier to quickly and easily be moved from the RV tongue to the ball hitch of a towing vehicle.
“The Bump-It was just finalized (in testing) and I’m getting a game plan around photography and slogans, but it’s a natural for anyone who owns a Jack-It,” Lippert says. “This way, they can park their camper and take their bikes and vehicle somewhere else to ride.”
Today, Let’s Go Aero still conducts testing of its products, some of which also are manufactured for sale by the Colorado company. The Lippert brand products are manufactured, marketed and distributed by the Elkhart, Indiana, company.
However, bike accessories for RVs and other vehicles in Lippert’s aftermarket segment are not the only Let’s Go Aero design under consideration. The companies also are exploring ways to combine Aero’s Gear Cage cargo carrier and LCI’s carrier tray technologies with a focus on OEM integration—a product also expected to be released this year.
Williams says the affiliation with Lippert dates back a number of years, to when LCI was first exploring how to enter the aftermarket segment. The relationship, and LCI’s expertise in aftermarket products, jelled over the years until formal agreements were finalized in 2016 with testing of the Jack-It line.
“It’s been a fun ride with Lippert. Was I concerned about the IP (intellectual property)? It definitely crossed my mind,” Williams says. “But what are you going to do? You pick the right team, the right legal counsel, but in the end the documents are for when everything goes south. At the end of the day it comes down to trust.”