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RV Wholesale Shipments Projected to Rise through 2024, 2025

RV wholesale shipments are projected to rise to the mid-300,000 unit range by the end of 2024 before an anticipated increase in 2025, according to an RV RoadSigns Quarterly Forecast. The forecast prepared by ITR Economics for the RV Industry Association (RVIA).

RVIA President & CEO Craig Kirby expressed cautious optimism that the worst impacts of interest rate increases are behind the industry, anticipating a continued rise in shipments through the rest of this year and into the next.

“Our research also shows that people are making RVing their travel of choice, with 45 million Americans planning RV trips this summer,” Kirby said in a News & Insights report of RVIA.

The new forecast projects 2024 RV shipments to range between 329,900 to 359,100 units, with a median of 344,000 units. For 2025, wholesale shipments are expected to increase from 374,200 to 408,600 units, with a median of 391,400 units.

In addition to RVIA’s report, the association’s March 2024 survey of manufacturers showed that total RV shipments concluded the month with 32,243 units, marking a 1.2% increase compared to the 31,869 units shipped in March 2023.

Furthermore, RV shipments increased 9.3% compared to the same timeframe last year, totaling 85,941 units through March. Within the detailed shipment categories, towable RVs and conventional travel trailers saw a 5.9% increase from last March, totaling 29,018 shipments.

However, motorhomes experienced a significant decline, dropping 27.8% to 3,225 units. Park Model RVs also declined, with shipments decreasing by 36.5% to 343 units in March, compared to the same month in the previous year.

RVIA represents a $140 billion sector comprising over 500 manufacturers and component suppliers. These members produce 98% of all RVs manufactured in the United States and approximately 60% of global RV production. The association also provides valuable research, data, and analysis.

In addition to advocacy, RVIA oversees compliance with various safety and quality standards. These standards cover essential aspects such as plumbing, heating, fire safety, and electrical systems.

To learn more about RVIA, visit rvia.org.

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Hi, you might find this article from Modern Campground interesting: RV Wholesale Shipments Projected to Rise through 2024, 2025! This is the link: https://moderncampground.com/usa/rv-wholesale-shipments-projected-to-rise-through-2024-2025/