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 .
Fri Jan 11, 2019
Author: RV News Staff
Used RV prices continue to fall in January, according to vehicle industry pricing analyst Black Book.
For type A, B and C motorhomes, the average selling price was $43,132, a decline of 1.3 percent from December. In addition, auction volume was down 9 percent from December and the average model year was 2011. A year ago, the average selling price for motorhomes was $46,718.
For towables, including travel trailers and fifth wheels, the average selling price is $12,593, a decline of 3.5 percent from December and auction volume is down 5 percent from December. The average selling price of a used towable last year at this time was $13,325. The average model year sold was 2010.
“As we move further into winter, RVs are continuing to exhibit typical seasonal behavior,” Black Book Director of Specialty Markets Eric Lawrence says. “Both towables and motorized units are down slightly this month, but their rate of decline has slowed. This is the time of year that many dealers take a step back from active buying and selling and focus on completing any improvements to their stores so that they can be up and running when the first spring customers come through their doors.”
For more details, click here.