RVIA’s June 2023 survey of manufacturers found the industry continuing to throttle down wholesale RV shipments as summer began.
RVIA reported 24,095 wholesale RV shipments in June, a 46.4% decrease from June 2022.
The June total is the lowest level since January, when RVIA reported 20,405 wholesale RV shipments.
RVIA President and CEO Craig Kirby said higher shipment levels are on the horizon.
“Our latest RV shipment forecast shows that shipments should begin to recover later this year and into 2024,” Kirby said, “as consumer confidence increases and the ongoing interest in camping and RVing turns into increased RV sales.”
Through the first six months of 2023, RV wholesale shipments total 164,830, down 49.2% from the first six months of 2022.
As the industry continues inventory de-stocking, June’s shipment levels will be surpassed by retail registrations, if retail trends in the past quarter hold.
From March through May, retail registrations averaged about 39,000 a month, according to Statistical Surveys Inc. Retail has outpaced shipments over the past quarter, with wholesale RV shipments averaging 31,335 a month.
In June, towable RVs, led by conventional travel trailers, totaled 20,6770 wholesale RV shipments, down 48.3% from June 2022.
Motorhomes totaled 3,425 wholesale RV shipments, down 30.8% compared with June 2022.