U.S. RV shipments keeps rolling

by Wendy on November 29, 2017

via Timothy Aeppel @ Reuters.com

The boom in U.S. recreational vehicle sales keeps on rolling, thanks to a strong economy and a wave of retiring Baby Boomers and others filled with wanderlust.

Shipments of RVs in 2017 are expected to hit their highest in nearly four decades, according to data from the Recreation Vehicle Industry Association (RVIA). That would mark the eighth straight year of growth.

RV shipments are expected to hit 505,600 in 2017, a 17.4 percent jump from last year, and then hit 520,700 in 2018, according to the association. “Each and every month this year was the best on comparable record for that month,” said Frank Hugelmeyer, the RVIA’s president, speaking at a trade show in Louisville, Kentucky.

RV sales are quick to suffer when consumer confidence wilts, as happened during the Great Recession. Shipments plunged by a third in 2008 and then fell more than 30 percent in 2009. But in 2010, as the economy recovered and discretionary spending revived, sales surged more than 46 percent.

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