What is the RV industrys economic impact?
• There are more than 12,000 RV-related businesses in the U.S. with combined annual revenues of more than $37.5 billion. • The RV industry employs more than a quarter million Americans, and has a total payroll of approximately $4.9 billion. Stringent credit standards and sagging consumer confidence have contributed to significant RV-related job losses. Since June 2007, RV industry layoffs total approximately 280,000 – 53% of the industry’s workforce. • RVs are made by American companies employing American workers that are located in America. In fact, more than 60% of recreation vehicles are made in Elkhart Country, Indiana. Another 15% is located in Oregon and California.
An RV is no small purchase. While an entry-level, Towable camping trailer typically costs between $7,000 and $14,000, a larger motor home in the “Type B” or “Type C” category can cost anywhere between $30,000 and $130,000. As per research it’s found that a shipment in 2014 was 15% higher than in the last year.
There are more than 12,000 RV-related businesses in the U.S. with combined annual revenues of more than $37.5 billion. The RV industry employs more than a quarter million Americans, and has a total payroll of approximately $4.9 billion. Stringent credit standards and sagging consumer confidence have contributed to significant RV-related job losses. Since June 2007, RV industry layoffs total approximately 280,000 — 53% of the industry’s workforce. However, since the beginning of 2010 most of those people have been brought back to work as manufacturers have increased production. RVs are made by American companies employing American workers that are located in America. In fact, more than 60% of recreation vehicles are made in Elkhart Country, Indiana. Another 15% is located in Oregon and California.
