Despite early reports of declining wholesale shipments and retail demand, the overall outlook for the RV industry remains solid, positioning the industry for yet another banner year in 2019, according to a Goshen News report.
That’s the word from Frank Hugelmeyer, president of the RV Industry Association (RVIA), who spoke on the state of the RV industry during the 7th Annual RV Industry Power Breakfast held Thursday (May 9) morning at the Northern Indiana Events Center, part of the RV/MH Hall of Fame in Elkhart.
According to Hugelmeyer, while it’s true that first quarter RV shipments were down by just over 27% compared to the same time period in 2018, that information has to be prefaced with the understanding that the industry realized an unprecedented amount of growth over the past three years. As such, even with the reported declines, the industry is still looking at what very well could be its fifth-best year on record.
“Let’s remember that right now we’re in the top three years of sales within our industry in our history. And we’re staying on track for that this year,” Hugelmeyer told the crowd of more than 1,000 RV industry officials and allies early Thursday morning. “We also, if you look at our shipment data, and you look at last year in January, February and March. … We’re coming off of historic records. Those are historic, historic years. We’ve never seen years like we did in the beginning of 2018, those three months. So we’re still on track for another top-five sales and production year in our history. We’re way over the 20-year average of 331,000 units shipment average each year.”
Helping add to that promising prediction is the fact that the U.S. government has officially recognized outdoor recreation as an industry in and of itself, Hugelmeyer explained.
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