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Board Approves FY2011 Budget with Lower Seal Cost

The RVIA Board of Directors moved at their Sept. 21 meeting in Park City, Utah to approve a $12.1 million dollar budget for the upcoming fiscal year that holds the line on membership costs for dues and show space rates while reducing the cost of seals to manufacturer members.

The new budget includes a $5 reduction, down to $20, in the RVIA seal price effective Jan. 1, 2011.  This is the third reduction in the seal price since the Board raised it to $35 in July 2009 to ease pressure on the association budget caused by the reduction in show and dues revenue triggered by the economic downturn. Similar $5 reductions occurred in April 2010 and July 2010.

The Board also instructed staff to continue monitoring and reviewing shipment volume every 90 days to determine the need for future seal price adjustments.

The new $20 seal fee taking effect in January will apply to all member manufacturer vehicle types. The Go RVing per unit assessment of manufacturer members remains 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.

During their meeting, the RVIA Board also approved recommendations from the ad hoc China Committee to continue efforts to capitalize on the potential of the RV industry developing in China by pursuing strategic activities to make the Chinese RV market more U.S. product friendly. Such efforts may include hosting a reception for Chinese visitors at the National RV Trade Show; working to hold RV standards and regulatory workshops in China; promoting the RV lifestyle and organizing trade missions with China; pursuing a reduction in tariffs and duties imposed by China on U.S. RV products; and developing more information for members on how to conduct business in China.

There were also several presentations made to the Board, including an update on RVDA activities from RVDA Chair Debbie Brunoforte; a presentation on the national economic and RV market outlook from Dr. Richard Curtin; and a report on activities centered on the developing Chinese market from China Committee Chairman Wilbur Bontrager.

 


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