RV manufacturers have scaled back on production as demand normalizes after a period of boom.
Wholesale RV shipment numbers reflect the calculated management. RVIA’s July 2022 manufacturer survey found total shipments ended the month with 29,647 units, down 33.4% compared with the 44,537 units shipped in July 2021.
Statistical Surveys Inc. reported retail registrations in June slowed to 46,821, down 32% from June 2022. Manufacturers’ intentional decline in wholesale shipments brings retail demand and wholesale shipments closer to alignment.
“This shipment report aligns with the RV Roadsigns Forecast that showed strong shipments through the first half of 2022, followed by an expected decrease in the second half of the year as dealers across the country manage through their inventory and plan out for 2023,” RVIA President and CEO Craig Kirby said.
Through July, 2022, RV shipments are up 2.5% compared with the same point last year with 353,478 wholesale shipments.
Towable RVs, led by conventional travel trailers, ended July down 37.4% from July 2021 with 25,355 shipments.
Motorhomes finished July up 6.6% compared with July 2021 with 4,292 units. Type B and Type C motorhomes both increased shipments from July 2021.
Park model RVs finished July up 45.6% compared with the same month last year, with 380 wholesale shipments. To date, park model RVs are up 7.5% with 2,607 shipments.
“While below last year’s record July production, this month’s numbers are in line with typical July shipments,” Kirby said, “and with consumer interest in RVing still strong we are confident that 2022 will be one of the RV industry’s best years for total shipments.”
Click here to go to the report.