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RV shipments up nearly 10 percent through year's first half

The growth is projected to continue into next year as the economy keeps improving.

(The Elkhart Truth/file photo)
Posted on July 28, 2014 at 6:35 p.m.

Wholesale recreational vehicle shipments for the first half of 2014 were up nearly 10 percent from last year at that time, an industry group announced Monday, July 28.

Through June, shipments of all RVs rose to 192,065 units, ahead of last year’s performance by 9.8 percent, according to the Recreation Vehicle Industry Association. Seasonally adjusted and annualized, that puts the industry on track to ship more than 350,000 units this year.

Richard Curtin, director of the Survey Research Center at the University of Michigan and a consultant to RVIA, has forecast that about 360,000 units will be shipped next year. If that happens, it will be the second-biggest year for shipments since 1981, when the RVIA started keeping modern-era statistics, less than only the 390,500 units shipped in 2006.

"The strong performance of RV wholesale shipments through the first half of 2014 and the forecast for continued growth through 2015 is a strong indication of the affinity consumers have for RV products,” said RVIA spokesman Bill Baker.

Looking at different types of RVs, motorhome shipments grew the most, rising from 19,472 in the first half of 2013 to 23,328 through June, a 19.8-percent increase.

Towable RVs, which made up 87.8 percent of all RV shipments, rose 8.6 percent, increasing from 155,466 units to 168,737 units.




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