RV wholesale shipments to retailers tracked by the Recreation Vehicle Industry Association (RVIA) continued to improve in February reaching 32,045 units during the second month this year, a 12.5% increase over last month and a 4% increase over this same month one year ago. Reacting to an improved economic climate and rising consumer sentiment, wholesale shipments responded with the highest February total since 2006.
In spite of winter’s disruptive patterns RV shipments have consistently outperformed recent history and continue to set new records. Through the first two months of 2015 shipments have reached 60,539 units, a gain of 7.5% compared to the same period last year. On a seasonally adjusted basis, shipments through February were at an annual rate of more than 395,000 units, more than 10% ahead of the actual 2014 total.
Total RV shipments to retailers in January totaled 28,494 units, 11.9% greater than the same month last year and the largest January total in nine years. Fueled by growth in all vehicle categories, the January total represented a seasonally adjusted annualized rate of more than 400,000 units, the highest such total since the spring of 2006. Shipments this January were 6.5% greater than a strong final month last year, holding promise of further gains ahead. Improved consumer confidence buoyed by an improved general economy, increasing consumer discretionary income and low interest rates have all been credited with providing an enhanced environment for RV sales.
Total wholesale shipments to retailers of all RVs surged to 26,736 units in the December survey of manufacturers, soaring 23.3% greater than the final month last year. This was the largest December total in nine years dating back to 2005. Seasonally adjusted, the December 2014 total reached an annualized rate of more than 375,000 units. The strong finish this year was led by towable RV shipments which rose in December to 23,851 units, a gain of 27% over the final month one year ago. For the year as a whole, all RV shipments reached an eight-year best of 356,735 total units in 2014, a gain of 11.1% over the previous year. This was the fifth consecutive annual increase and the fourth double digit percentage gain in RV shipments since the end of the last recession.
The Recreation Vehicle Industry Association (RVIA) reported that shipments of park model RVs gained 3.3% in November compared to the previous year. For the month, 253 units were shipped to dealers’ lots versus 245 in 2013. Year-to-date, the park model segment grew 4.4% with 3,520 units shipped over the 11-month period compared with 3,371 a year ago. The graphic below shows shipment totals by state and region during November.
Wholesale shipments of all RVs continued to roll in November with manufacturers reporting totals of 26,301 units, an increase a 20.9% gain over November one year ago. This was the strongest November total since 2005 and was the 35th consecutive monthly improvement dating back to January of 2012. Seasonally adjusted, November’s totals soared to an annualized rate of nearly 390,000 units, the highest monthly total all year. Year-to-date, total shipments have grown by 10.2% to 329,999 units through November this year and the largest annual total since 2007. Shipments of all towable RVs have risen 9.4% to 288,933 units while motorhome shipments have improved by 15.9% to 41,066 units.
Wholesale deliveries of all RVs tracked by the Recreation Vehicle Industry Association (RVIA) accelerated in October, climbing 30.1% from September and besting the October 2013 total by 11.2%. Total shipments of all RVs were reported at 32,346 units in October, making it the best October in 38 years. On a seasonally adjusted basis, October shipments this year were at an annualized rate of more than 385,000 units. Gains by travel trailers, fifth-wheels and all types of motorhomes led the surge in shipments this month. Year-to-date, total shipments reached 303,698 units, up 9.4% ahead of the first 10 months last year. The October advance virtually assures a fifth consecutive annual increase in RV shipments since the end of the last recession.
RV manufacturers reported shipments to retailers of 24,869 units in September this year which were 10.5% greater than this same month one year ago. This was the highest September total in seven years with gains recorded in all vehicle categories. Seasonally adjusted, shipments in September were at an annualized rate of more than 340,000 units. Year-to-date, total RV shipments have now climbed to 271,352 units through the first nine months of the year with towable RVs up 8% while motorhomes shipments were up 17.6% ahead of this month last year.
August wholesale shipments to retailers continued to cruise along, rising 5.8% above this same month last year to 26,441 units. As with recent months, towable RVs reflected the largest unit gains while motorhomes grew by the largest percentage gain. Motorhomes represented 15% of all shipments in the month of August this year the highest percentage of motorhome shipments in any single month since December of 2007.
Year to date, RV shipments through August have reached 246,483 units, representing an annualized rate of 350,000 units. All RV product categories except folding camping trailers and truck campers have improved this year, with conventional travel trailers growing by the most units while Class B motorhomes have grown by the largest percentage.
Shipments to retailers of all RVs continued their unrelenting gains in July with totals reaching 27,977 units, a 6.7% increase over the same month last year. This was the 31st consecutive month where RV shipments were greater than the corresponding month one year earlier. Conventional and fifth-wheel travel trailers reported the largest unit improvements in July while Class B motorhome shipments were reported with the largest percentage gain over July 2013. On a seasonally adjusted basis, wholesale shipments in July were at an annualized rate of more than 350,000 units, nearly 9% greater than the previous month and ahead of this same month last year by 6.8%. Through July, manufacturers have reported total wholesale shipments of 220,042 units, a gain of 9.4% over this same period last year.
Total wholesale shipments of all RVs in June this year were reported at 32,809 units, according to the Recreation Vehicle Industry Association (RVIA) survey of manufacturers, an increase of 6.2% compared to this same month one year earlier.
Towable RVs increased 6.5% on shipments of 29,184 units while motorhome shipments were ahead by 3.7% on 3,625 units shipped to dealers in the month of June. Seasonally adjusted, June’s total represented an annualized rate of nearly 325,000 units, slightly less than the previous month.
Through the first six months this year shipments of all RVs have now risen to 192,065 units, ahead of last year’s performance by 9.8% and at a seasonally adjusted annualized rate of more than 350,000 units. Through June, towable RVs accounted for 87.8% of all RVs shipped while motorhomes represented 12.2%.