Reuters: The RV Industry Boom Keeps on Rolling

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November 29, 2017 by   Comments Off on Reuters: The RV Industry Boom Keeps on Rolling

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.

Reuters reported that RV shipments are expected to hit 505,600 in 2017, a 17.4% 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, president of the Recreation Vehicle Industry Association (RVIA), speaking at the National RV Trade Show in Louisville, Ky.

Michael Happe, chief executive of Winnebago Industries Inc., a major manufacturer, says Americans of all ages are increasingly focused on health and outdoor living, which helps fuel sales of his company’s products.

But there are other reasons for the industry’s growth. Happe noted that there are more vehicles than ever on the road, such as large sport utility vehicles and pickup trucks, that are capable of pulling trailers.

“And they’re not just being used by snowbirds going from New York to Florida,” he said. More people are working out of RVs, such as oil-patch and seasonal workers, and there is growing demand for RVs used for tailgating at sport events.

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