The grind continues for RV makers as RV wholesale shipments are forecast to reach 600,000 units by year-end 2022, according to the Spring 2022 issue of RV RoadSigns, the quarterly forecast prepared by ITR Economics for the RV Industry Association (RVIA).
“Our forecast shows another very strong year for the RV industry which is being driven by continued consumer demand and inventory restocking at dealerships across North America after a record-breaking 2021,” said RV Industry Association President & CEO Craig Kirby.
“Despite the economy as a whole facing headwinds with continued supply chain issues and rising inflation, RV manufacturers and suppliers are well-positioned to meet the ongoing demand for RVs as consumers continue to desire ways to get out and experience an active outdoor lifestyle.”
This year’s RV shipments are projected to range between 578,800 and 603,300 units with a most likely year-end total of 591,100 units, off slightly (-1.5%) from the 600,240 shipped last year. However, according to a News & Insights report of the RV Industry Association (RVIA), it is still the second-best year on comparable record.
Moreover, shipments in the first half of the year will continue to grow as dealers restock and consumers remain interested. Growth rates are forecast to ease in the latter part of the year as the market normalizes.
RV Industry Association members can view the Spring 2022 issue of RV RoadSigns here.
There will also be a members-only webinar to discuss the forecast. It will be held by ITR Economics Senior Economist and Econ Manager Eric Post on Monday, March 14 at 2 pm Eastern.To register, click here.