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RV Expansion to Continue into Seventh Year in 2016

The RV industry’s shipments will reach 375,100 units in 2016, a 1.6% increase above the projected 2015 total of 369,100, according to a new forecast from RVIA.

The forecast was prepared by RV industry analyst Dr. Richard Curtin and released at RVIA’s National RV Trade Show, held from Dec. 1 – 3 in Louisville, KY.

“This is an exciting time for the RV industry,” said RVIA’s new president, Frank Hugelmeyer. “Shipments are now surpassing pre-recession levels, and we have a bright future filled with opportunities for sustainable growth.”

The forecasted total for 2016 is more than double the industry’s 2009 recession low, and results from innovative RV designs, a deep-seated preference of consumers for the RV lifestyle, and an improving economy.

“The favorable RV outlook is based on continued gains in jobs and wages, as well as low inflation,” said Curtin. “Slowly rising interest rates are anticipated across the forecast horizon, but are not expected to have much impact on RV sales. Record growth in sales of light trucks and low fuel prices will help boost towable sales.”

RVIA forecasts growth will be strongest among conventional travel trailers and type C motorhomes. Shipments of towable RVs will rise to 326,600 units in 2016, an increase of 1.4%. Motorhome shipments will climb 3.4% to 48,500 units in 2016. 

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