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 Sep 6, 2018
Author: RV News Staff
RV Retailer, LLC signed an agreement to acquire ExploreUSA Supercenter. Scott Chaney (formerly CEO) and Brian Booker (formerly president) will continue to lead ExploreUSA and will retain an ownership-stake in the business. Information on if their job titles will change as a result of the acquisition has not been released.
ExploreUSA is the No. 2 volume RV dealer in Texas. It sold approximately 5,000 RVs in 2017. ExploreUSA retails new and used towable RVs from nine store locations in the Dallas-Fort Worth, San Antonio, Houston and Austin markets. The company also provides service, parts and customer financial services to its customers.
"We are excited to partner with Scott Chaney, Brian Booker and the entire ExploreUSA management team to continue its run as a premier RV towable dealer in Texas," said Jon Ferrando, president and CEO of RV Retailer. "We also welcome ExploreUSA's 340 dedicated associates to the RV Retailer family. They provide an exceptional experience to the thousands of customers that purchase and service their RVs at ExploreUSA every year. We will continue to operate the business under the ExploreUSA retail brand name.
"We are excited to add the high-quality, premium RV product mix offered by ExploreUSA in excellent markets across Texas,” Ferrando said. “ExploreUSA's exclusive focus on towable RVs perfectly complements our Motor Home Specialist business in Texas, the largest volume motor home dealer in the world. Combined, ExploreUSA and Motor Home Specialist are expected to generate approximately $500 million of revenue in 2018."
RV Retailer, LLC was founded in 2018 by Ferrando and John Rizzo, together with Redwood Capital Investments, to create a leading recreational vehicle retail company in the United States with a focus on providing an outstanding experience for RV customers in new and used sales, service and parts, and customer financial services.
"I look forward to partnering with Jon Ferrando and the RV Retailer team as we look to continue growing ExploreUSA," said Scott Chaney, CEO of ExploreUSA. "Collectively, we are in a great position to capitalize on significant growth opportunities for the business while providing excellent career opportunities for our associates. I also look forward to continuing our outstanding relationships with our valued RV manufacturer partners."