RV wholesale shipments are expected to return to pre-pandemic levels by 2023, according to the winter 2022 edition of RV RoadSigns, the quarterly forecast compiled by ITR Economics for the RV Industry Association.
The latest forecast predicts 2023 RV deliveries to be between 379,200 units to 403,600 units the following year, with a likely end-of-year total of 391,499 units, as per the News & Insights report of the RVIA.
These figures represent an increase of 21% from the anticipated 2022 year-end number, which was 495,300 units. The 2023 estimate is in line with the total number of units shipped out to 406,070 in 2019.
While the RV industry is not immune from the effects of larger macroeconomics factors impacting consumers and the economy, this forecast shows the RV industry is continuing to normalize to pre-pandemic shipment levels,” said RV Industry Association President & CEO Craig Kirby.
The long-term health of the industry remains strong thanks to the droves of younger and more diverse buyers who have entered the RV lifestyle over the past few years.
The RV industry is expected to slow down until the beginning of 2023 due to the economic challenges to consumer finances resulting from the effects of inflation, the weakness of the financial markets, and increased interest rates.
The industry is expected to grow in the latter part of 2023, and shipments are anticipated o move upwards.