RV wholesale shipments are expected to reach 539,900 units by the end of 2018, representing a 7% increase from the 504,599 units shipped in 2017, according to the new quarterly projection from Richard Curtin in the Recreation Vehicl Industry Association’s (RVIA) spring issue of the RV RoadSigns forecasting newsletter.
This anticipated growth would mark the ninth consecutive year of expansion for the RV market, eclipsing the previous record of five years set from 2002-2006.
“The favorable RV outlook is based on expected growth in employment, wages and after-tax incomes,” said Curtin, director, Surveys of Consumers at the University of Michigan who has conducted RV market research since 1979.
Towable RV shipments are projected to rise to 472,000 in 2018 while motorhome shipments will also see gains, growing to 67,900 units in 2018.
The positive outlook is also a reflection of the strong performance of the RV industry through the last half of 2017.