The RV industry is on the road to recovery, according to the forecast of an economist who analyzes trends for the Recreation Vehicle Industry Association. Speaking at the National RV Trade Show in Louisville, Kentucky, last month, Dr. Richard Curtin of the University of Michigan said economic conditions are improving.
He said wholesale RV shipments in 2009 should amount to 159,500 RVs, once final figures are in. That’s down 40 percent from 2008 and the lowest total since 1982. But, Curtin said, RV shipments have been increasing lately, and they should rise in 2010 to 203,500 units, a 27 percent gain. He expects the largest percentage gains to be in travel trailers and Class C motorhomes, but believes that the increase will extend to fifth wheels, camping trailers and other motorhomes as well.
Curtin cited a strengthening stock market, slowing job losses, higher productivity, increasing home sales and rising manufacturing hours as reasons for optimism. But, he said, the economy is still suffering from weak consumer confidence, anemic consumer spending and high unemployment.
Richard Coon, RVIA president, told attendees at the trade show that the industry is positioned for recovery. He said, “We have survived the Great Depression, numerous recessions and market downturns, fuel crises, acts of terrorism and wars. But we have endured. Why? Because RVs are woven into the fabric of America. Americans loveResearch Campgrounds, Plan RV Safe Routes & Turn your phone into an RV GPS.
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