RV Shipments Expected To Rise To 491,200 Units In 2018
According to the Recreational Vehicle Industry Association, RV wholesale shipments are expected to reach 479,700 units by year-end 2017, an 11.4% increase from the 430,700 units shipped in 2016, and climbing an additional 2.4% to reach 491,200 units in 2018. These projections were presented by industry expert, Dr. Richard Curtin in the RVIA’s Fall issue of RV RoadSigns newsletter. This would make 2018 the ninth consecutive year of expansion for the RV market, eclipsing the previous record of five growth years between 2002-2006.
“The favorable RV outlook is based on continued modest gains in jobs, incomes and household wealth with relatively low levels of inflation, unemployment and interest rates,” said Dr. Curtin, who is the Director of the Surveys of Consumers at the University of Michigan and who has conducted RV industry market research for almost 30 years.
Towable RV shipments are project to rise to 419,500 in 2017 and to 429,300 in 2018. Motorhome shipments will also see gains, growing to 60,200 units in 2017 and 61,900 units in 208.
Dr. Curtin’s 2018 projections are based, in part, on the strong performance of the RV industry through the first half of 2017. RV wholesale shipments reached 256,430 units, up 13.3% over the first six months of 2016. Year-to-date totals for towable RVs are up 13.2% to 223,644 units with motorhome shipments up 14% to 32,786 units.
The continued growth in the RV industry confirm’s Jackim Woods & Co’s predictions that mergers and acquisitions activity in the industry will remain strong throughout 2018.
For more information on RV market data and research, visit the “Market Data and Trends” section of www.rvia.org.
Jackim Woods & Company RV Industry White Papers
For additional information on Recreational Vehicle industry mergers & acquisition or how to value an RV dealer, please download one or more of our recreational vehicle white papers.
- 2017-2018 RV Manufacturing Mergers & Acquisitions Outlook
- 2016-2017 RV Dealer Mergers & Acquisitions Report
- How to Value an RV Dealer