The Summer 2022 RV RoadSigns issue, a quarterly forecast prepared by ITR Economics for the RV Industry Association (RVIA), projected RV wholesale shipments to top 549,000 units by the end of 2022.
“Our latest RV shipment forecast shows that inventories at dealer lots have normalized at a slightly faster rate than initially expected due in part to RV manufacturers and suppliers working to get units built and to dealer lots ahead of the summer travel season,” said RVIA President & CEO Craig Kirby.
“RVing remains a popular option for consumers who are looking for the freedom to travel while also controlling their costs. The continued popularity of RVing means we are on track to reach the second-best year for RV shipments, maintaining our industry’s 40-plus years of long-term growth.”
The new forecast projects 2022 RV shipments to range between 537,800 and 561,900 units with a most likely year-end total of 549,900 units, an -8.4% decline from the 600,240 shipped in 2021, as per the News & Insights report of the RVIA.
Despite the stifling effects of rising inflation, high interest rates, expensive fuel prices, and declining macroeconomic momentum, the forecast indicates income is rising higher than the long-term trend since workers enjoy a competitive advantage in the competitive labor market, which is a good sign for the upcoming shipments.
Recent trends in income, savings, and low debt-to-income ratios for consumers are all good news as the RV industry moves into summer.