March Wholesale Shipments Spike at 19.4%
The Recreation Vehicle Industry Association (RVIA) reports that March shipments of 24,000 new RVs marked an increase of 19.4% over February and 87.5% over March 2009.
Improvements were reported in all vehicle categories with towables growing by more units while motorhome totals reflected the greater percentage increase, according to RVIA Express.
First quarter totals this year show similar patterns with total shipments to retailers of 59,900 units, an improvement of 96.4% from this same period last year. Towable products nearly doubled gaining 93.6% to 54,200 units while motorhomes gained 128% to 5,700 units.
Led by conventional travel trailer and fifth-wheel gains, towables were up 93.6% in the first calendar quarter this year.
The strong March shipment numbers mark a continuation of a months-long trend that reflects the positive RV market outlook provided by University of Michigan economist Richard Curtin in the spring issue of RV Roadsigns. Curtin predicted that RV shipments will grow to a total of 215,900 in 2010, a gain of 30% above the 2009 total of 165,700 units.
“The continuing positive trend in wholesale shipments is encouraging,” said RVIA President Richard Coon. “The RV industry seems to be firmly on the road to recovery. ”
See the table below for all the numbers: