SOURCE: Recreation Vehicle Industry Association

Recreation Vehicle Industry Association

June 01, 2016 09:00 ET

As President Obama Visits Elkhart, Indiana, "The RV Capital," Recreation Vehicle Industry Impacts Entire U.S. Economy

2016 Shipments on Track to Hit Nearly 400,000, Spurred by Increased Interest in RV Lifestyle, Innovative Designs and Younger People Jumping On Board

RESTON, VA--(Marketwired - June 01, 2016) - Shipments of recreation vehicles (RVs), long considered a reflection of the economy's overall performance, are humming at an annual projected rate of 396,400 units to be shipped in 2016, with the 400,000 mark expected to be easily surpassed next year.

The announcement was made by Frank Hugelmeyer, president, Recreation Vehicle Industry Association (RVIA), whose research team has tracked monthly, quarterly and annual shipments for decades.

The latest numbers are released at an important moment for the RV industry, as President Obama today visits Elkhart, Indiana, home of a significant number of RV manufacturing facilities, and a place where he also visited in 2009, during the depths of the Great Recession.

"That year (2009) the RV industry shipped 166,000 vehicles -- a low point in the history of an important manufacturing sector in America," said Hugelmeyer. "Now the outlook is very different and, in fact, it couldn't be brighter as 22 million people prepare to take an RV trip this summer. Not only is Elkhart -- the RV capital -- back, the RV industry overall is performing at an outstanding clip and making an enormous impact on the entire U.S. economy."

The Recreation Vehicle Industry Association will issue the results of a first-ever study that estimates the economic contributions made by the RV industry to the U.S. economy at a media event on Tuesday, June 7 at the Mayflower Hotel in Washington, D.C. in conjunction with the industry's annual gathering. The study calculates the economic impact on a national, state and congressional district basis and includes details on jobs, wages and benefits, and taxes paid by the industry and its employees.

The RV market is benefiting from increasing demand from baby-boomers, as well as millennials and GenXers. Innovative designs at all price points and an increased interest in active, outdoor adventures is also capturing an expanding market and continuing to boost sales. Continued modest gains in jobs, incomes and household wealth, and relatively low levels of inflation, unemployment, and interest rates, are additional factors influencing the favorable RV outlook.

Total RV shipments to retailers were reported at 40,064 units in the April survey of manufacturers conducted by RVIA, 4.5% greater than this same month last year. Year to date, total RV shipments have reached 148,259 units this year, the best start to any year since 2006 and the second best start since 1977.

For the month, towable RVs provided the largest unit gains rising to 35,050 units. Meanwhile, motorhome shipments, representing 12.5% of all RV shipments in April, showed the largest percentage gains, rising 16% to 5,014 units.

The Recreation Vehicle Industry Association (RVIA) is the national association representing approximately 400 manufacturers and component suppliers producing 98 percent of all RVs made in the United States.

For more information on RV market statistics and research, visit the "Market Data and Trends" section of www.rvia.org

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Contact Information

  • CONTACT:
    Kevin Broom
    Director of Media Relations
    703-620-6003, ext. 304
    kbroom@rvia.org