RV Exec Sees Expansion/Growth Continuing
The RV industry isn’t back to its prerecession heyday, but Richard Coon believes the ongoing expansion can keep going and there’s plenty of room for the recreational vehicle market to grow.
Coon, president of the Recreation Vehicle Industry Association (RVIA), addressed roughly 400 industry insiders in Elkhart, Ind., on Thursday (May 9) as part of the inaugural RV Power Breakfast. After that event, he sat down with The Elkhart Truth to offer his analysis of the RV industry, which is heavily concentrated in the Elkhart County area.
With the recent growth in the industry, manufacturers and suppliers are already having a tough time keeping up. “It is better than I thought it would be, but I think they’re running into spotty shortages now. If the industry continues at the pace they’re continuing before the season’s out, there will be some difficulties in keeping up,” said Coon.
“Every month has beaten last year’s numbers,” he said. “Last year was not a bad year in the industry. That’s encouraging. We’ll keep up,” he said. “Overall you’d be hard-pressed to find the folks in this industry, whether you’re a supplier or a manufacturer, that don’t feel really good about this industry.”
Economic indicators are good for RV buying, the California market is strong and the weather is going to warm up in the northern-tier states, all of which will improve demand as this year goes on, Coon said. “Business is going to stay up for at least a few years.”
To read the entire article in The Elkhart Truth click here.