Forecast: RV Shipments to Grow 11.7% in ’13
Wholesale RV shipments are expected to reach 319,300 units by the end of 2013, a gain of 11.7% above the 2012 total of 285,800, according to a new projection by RV industry analyst Richard Curtin in the Fall 2013 issue of RV Roadsigns.
According to an article in the latest issue of RVIA Today, shipments will continue to edge higher in 2014 to 334,300 units, a 4.7% rise over the projected 2013 year-end total.
The promising outlook for the next two years comes on the heels of the Recreation Vehicle Industry Association’s (RVIA) July 2013 RV Market Reports that shows the industry has been on a torrid pace through the first seven months of this year. Year-to-date shipments have reached 201,130 units, a 13.1% gain over the 177,845 units shipped through the same time period in 2012.
Motorhome shipments have shown the largest percentage gain, rising 35% to 22,322 units through July 2013 compared to 16,531 units though July 2012. Class C motorhomes have increased 42.5% to 10,399 units; Class A motorhomes grew by 33.3% to 10,647 units; and Class B motorhomes have edged up by 2.6% to 1,276 units.
Towable RV shipments are up 13.1% to 201,130 units through July. Conventional travel trailers are up 13% to 124,799 units; fifth-wheel travel trailers have risen by 8% to 3,964 units; and truck campers jumped 5.1% to 2,196 units. Folding camping trailers are off slightly, down 2.8%, to 7,849 units.
“The strong performance of the RV market is due to restored consumer confidence, rising home and stock values, the improved availability of credit, and continued, although slow, gains in job and income prospects,” said Curtin. “Consumer anticipate steady but moderate economic growth in the year ahead accompanied by rising interest rates. Borrowing in advance of those expected increases in rates may accelerate the pace of demand for RVs.”
For more information on RV market statistics and research, visit the “Market Data and Trends” section of www.rvia.org.