The RV Industry Boom: Why It’s Good for You

The RV Industry Boom: Why It’s Good for You

It’s a good time for the RV industry—and for those looking to buy an RV. After a difficult time during the recession, the RV manufacturers and wholesalers who managed to stay afloat are experiencing the benefits. For RV and travel trailer buyers, this means low prices and a better selection. Both dealers and consumers are showing confidence in RV investments, helping to drive this positive momentum.

Consumer demand has skyrocketed recently, meaning that dealers are purchasing larger orders to keep up. Movement like this in any industry means both suppliers and consumers have much to benefit from. Plus, aspects such as available credit, low interest, and a better economy are making RV purchasing more accessible for buyers of differing financial means.

Shipments of RVs to dealers are up to 348,000 units, a whopping 8.4% higher than last year. Comparatively, the lowest point of RV shipments in 2009 came in at 165,700 units. Some other numbers showing the boom of the RV industry are:

  • Sales are up 50% since 2009
  • RV shipments expected to increase 4% to 361,500 units by 2015
  • 2014 October sales almost reached a 40 year high for that month
  • Total workforce now estimated to be 525,000, up from 280,000 in 2009

Prices are still good, though. Towable RVs are priced at an average of $29,000 but can be found as low as $8,000. Unfortunately, motorhomes, the more luxurious and expensive option, are still lagging behind this upswing with lower sales. A new motorhome can be purchased at a price anywhere from $45,000 to $1.5 million.motorhome rv

Overall, now is a great time to invest in an RV. Learn more about the best places to take your new RV on vacation.