Motorhome shipments will rebound nicely this year while towable RV deliveries will decline for the second consecutive year, according to the latest forecast by John DeWolf, economic consultant to the Recreation Vehicle Industry Association (RVIA).
However, DeWolf also forecasts that both the motorhome and towable RV sectors will experience robust rates of growth in 2003.
Specifically, DeWolf believes Class A shipments will increase 8.7% this year to 36,300 units and will soar 19.6% in 2003 to 43,400 units.
Class C shipments will grow 9.1% this year to 14,400 units and 22.2% in 2003 to 17,600 units, DeWolf predicts.
Meanwhile, he estimates travel trailer deliveries will decline 6.2% this year to 96,200 units but will rise 16.7% in 2003 to 112,300 units.
Fifth-wheel shipments will decline 5.7% this year to 51,600 units but will increase 12% in 2003 to 57,800 units, he speculated.
Folding camping trailer deliveries also will decline 1.5% this year to 40,200 units and will increase 8.7% in 2003 to 43,700 units, DeWolf said.
If DeWolf’s forecast is accurate, then Class A and Class C motorhome shipments this year would about equal the respective levels of 1996. His forecast for travel trailer shipments this year, if accurate, would exceed the annual shipments levels for every year before 1998. This year’s forecasted fifth-wheel deliveries level, if accurate, would exceed annual shipments levels for each year prior to 1997.
In the case of folding campers, DeWolf’s forecast for this year will mean, if accurate, that shipments would slip to their lowest level since 1991.