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 .
Wed Nov 28, 2018
Author: RV News Staff
RVIA’s RoadSigns newsletter for the winter quarter examines more of the reasons for the 11 percent downturn in RV shipments seen in Q3 2018 as compared to the previous year. The newsletter is authored by RV industry analyst Richard Curtin.
“Higher manufacturing costs for RV producers, higher inventory costs for RV dealers and higher prices for RV consumers” were reasons for the “mild downturn,” Curtin says. The decline is mostly apparent among conventional and fifth-wheel travel trailers and type A and C motorhomes.
Despite the year-to-year drop for Q3, shipments for that quarter are still higher for any year since 1972. Other positive signs include RV manufacturers being prompted to increase manufacturing quality, low interest rates even if they are increased slightly in coming months and the fact that there’s a new generation of RV buyers entering the market.
RV shipments are projected to total 479,000 units in 2018 and decline slightly to 453,200 in 2019.
The new edition of RoadSigns also includes features such as RV shipment forecasts by category, forecasting shipments for supplier industries and brief summaries of other economic factor forecasts.
A summary of the Curtin report is available here.