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 Dec 4, 2018
Author: RV News Staff
RV dealers in Pennsylvania will provide a $30,000 surety bond to hold RV shows, exhibitions and rallies starting next month. The new requirements are part of a new law that passed the Pennsylvania legislature in October.
A surety bond is already required to be an automobile or RV dealer in Pennsylvania, but the new law extends that to RV dealers for off-premise activities such as rallies, exhibitions and shows. Dealers who have already posted one bond don’t have to post an additional one. The law will mainly affect new RV dealerships and dealerships that are currently licensed as some other type of dealer (e.g., automotive) but want to conduct RV-related rallies, exhibitions and shows.
The objective of the law is to guarantee that dealers putting on rallies, exhibitions and shows will make appropriate payments and follow applicable rules. If they don’t, the bond provides a fund against which claims can be made by those who believe they have a financial grievance against the dealer.
Applying for a bond involves the bond provider examining both the business and personal financials of a dealership and its owners to determine the bond price, which is generally 1 to 3 percent of the $30,000 bond amount.