Profile MeidumThe Recreation Vehicle Industry Association (RVIA) has published two new reports to provide industry members with current data on RV wholesale shipments and the RV financing market.

2014 Industry Profile

RVIA’s 2014 Industry Profile offers a detailed look at RV production and shipment statistics, including historical comparisons of shipment figures and dollar volume as well as production breakdowns by product type and shipment destination.

Key findings from the 2014 Industry Profile include:

• Wholesale RV shipments reached their highest annual level since 2007 at 356,700 units, a 12.1% increase over the previous year.

• The total retail value of those shipments exceeded $15.3 billion, a nearly 19% increase over the nearly $13 billion in 2013.

• Indiana continues to lead the country in RV production, manufacturing 80.5% of all RVs in the U.S.

• Texas is the top destination for RV shipments, receiving 9.27% of total shipments. California (6.49%), Florida (4.34%), Michigan (4.33%), and Ohio (3.82%) round out the top five.

An analysis of the industry’s production highlights and a demographic profile of the RV consumer are also included in the publication.

Finance Survey Medium2014 Survey of Lenders’ Experiences

The 2014 Survey of Lenders’ Experiences details the results of the association’s annual nationwide survey of financial institutions concerning their RV lending portfolios.

It provides an in-depth look at key data from both the wholesale and retail indirect RV lending markets and illustrates why RV loans continue to be an attractive product for financial institutions to include in their portfolios.

With the RV market strengthening and the dollar volume for RV lending also on the rise, the information shows that RV financing continues to be a profitable market for banks, especially when considering the delinquency rate for RV loans continues to be among the lowest of other consumer loans tracked by the American Bank Association.

In documenting the stability and potential profitability of RV loans, the 2014 Survey of Lenders’ Experiences is a helpful tool for industry members to use educating banks and financial institutions about the RV lending market.

The 2014 Survey of Lenders’ Experiences concentrated on the largest lenders in the wholesale and retail indirect markets that together constitute approximately 80% of national lending activity.

Copies of both publications are available through the Publication Store at www.rvia.org.