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 .
Tue Mar 13, 2018
RVDA's RV Executive magazine reports that, according to a survey done in January by Robert W. Baird & Co., the index of RV dealer optimism about the prospects in 2018 is up four points, from 79 to 83, over the January, 2017 survey. Dealer sentiment looking ahead to the next three to five years was up more dramatically to an index of 81, compared to 70 a year ago. Baird, a Milwaukee-based investment company, in partnership with RVDA, surveys RV dealers quarterly.
In the survey, dealers also reported that sales of towable RVs increased slightly during the three months from November through January compared to the same period a year previously.
At the same time, the survey showed concern about towable RV inventories, with 42 percent of those taking part in the survey reporting they feel their inventories are too high, while just 12 percent said the inventories are too low. On the other hand, dealers of motorhomes were more neutral, with 54 percent saying inventories are "about right" and those declaring themselves with inventories too high or low being exactly balanced at 23 percent each. Dealers on average said their inventories stood at 118 days for towables and 111 days for new motorhomes.
Looking to the future, the surveyed dealers said 37 percent of them plan to increase their inventory of towables, 16 percent plan to shrink it, and 47 percent said they'd be happy if their retail sales simply equalled factory orders throughout 2018.