Latest RV Shipment Forecast Shows 2022 Expected To Be Second Best Year On Record
RV wholesale shipments are projected to top 549,000 units by year-end 2022, according to the Summer 2022 issue of RV RoadSigns, the quarterly forecast prepared by ITR Economics for the RV Industry Association.
“Our latest RV shipment forecast shows that inventories at dealer lots have normalized at a slightly faster rate than initially expected due in part to RV manufacturers and suppliers working to get units built and to dealer lots ahead of the summer travel season,” said RV Industry Association President & CEO Craig Kirby. “RVing remains a popular option for consumers who are looking for the freedom to travel while also controlling their costs. The continued popularity of RVing means we are on track to reach the second-best year for RV shipments, maintaining our industry’s 40-plus years of long-term growth.”
The new forecast projects 2022 RV shipments to range between 537,800 and 561,900 units with a most likely year-end total of 549,900 units, an (-8.4%) decline from the 600,240 shipped in 2021. Despite the headwinds of high inflation, rising interest rates, high prices at the pump, and waning macroeconomic momentum, the forecast shows income is trending well above the long-term trend as workers enjoy an advantage in the exceptionally tight labor market, which bodes well for shipments. Income trends, prior savings, and low debt-to-income ratios for consumers are all positives as the RV industry heads into the summer months.