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RVIA Boosts Seal Price to $35 to Cover Budget Shortfall

RVIA’s Board of Directors capped an intense week of activity at Committee Week by approving an increase of the RVIA seal price to $35 to help address the growing pressure on the association’s budget caused by the reduction in show and dues income due to the downturn in the RV market.

“This decision was given very serious consideration by the RVIA Executive Committee and Board of Directors,” said RVIA President Richard Coon.  “There was overwhelming support for the action to avoid any further program cuts or staff reductions that would have compromised RVIA’s mission to promote and protect the interest of our membership and the RV industry.”

 

Two rounds of program and staff cuts in September 2008 and February 2009 saw a $3.2 million lowering of the RVIA budget and the loss of nearly 25% of association staff.  More cuts would have been needed in the fiscal year 2010 budget due primarily to a severe decrease in association revenue caused by the declines in exhibit space reservations at the association’s two RV shows.  The wholesale National RV Trade Show is currently down nearly 35% while the consumer California RV Show has seen a nearly 70% reduction in demand for show space.

 

“The increased seal cost is needed to cover a significant shortfall in RVIA income.  This will not yield a net increase to the very conservative budget we’ve operated under for the past year.  In fact, even with the new seal revenue the association will be operating with $2.5 million less than we did in 2008,” explained RVIA Chairman Jim Sheldon.  “From the Board of Directors’ perspective, the increase was essential to preserve the viability of the association. We did not want to suffer any further reductions in services at this critical time when the industry needs RVIA the most.”

 

The $30.95 seal fee increase will apply to all member manufacturer vehicle types and, added to the existing $4.05 cost, brings the total now to $35.  In addition to the RVIA seal cost, the per unit assessment for Go RVing remains in place at the current levels of $46 for folding camping trailers and truck campers; $61 for travel trailers and 5th wheel travel trailers; and $74 for motorhomes.  The new seal cost will take effect on July 1, 2009.

 

In other actions, during their meeting on June 11 held in Washington, D.C. at RVIA’s Committee Week, the RVIA Board:

 

RVIA’s Committee Week 2009 drew 170 attendees to the Willard InterContinental Hotel in Washington, D.C. where the association’s standing committees, Go RVing Coalition, the RVIA Executive Committee and RVIA Board of Directors met to prepare for the upcoming fiscal year.

 

 

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