For the 32nd straight month, recreational vehicle shipments have surpassed figures from the same month the year prior, according to the Recreation Vehicle Industry Association (RVIA).
The South Bend Tribune reported that a total of 26,441 units were shipped in August, a 5.8% increase compared with August of 2013. Year-to-date totals reached 246,483, a gain of 9% over the 226,125 units shipped through August of last year.
“The economy continues to recover,” said Mark Bowersox, executive director of the Recreation Vehicle Indiana Council (RVIC). “Consumer confidence continues to recover. The RV industry continues to be well positioned as the other economic factors rebound.”
The industry bottomed out during the recession in 2009 when only 165,700 units were shipped. But it’s been rebounding as a result of an improving economy and innovations in the industry.
“If you look at the mid-2000 product to the current product, there’s a drastic change,” Bowersox said. “A lot of that is recession driven. Business was booming prerecession.”
The industry also has streamlined manufacturing and utilized its leverage with suppliers, Bowersox said. The result is “a very competitive RV in the $8,000 to $10,000 price point,” he added.
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