The Recreational Vehicle Industry Association (RVIA) reports that sales of RVs are continuing their rising trend through this September. That’s good news for the industry as a whole, and suggests that the economy may be firmly on the road to recovery.
As high-dollar, elective purchases, RVs have in the past served as an indicator of the state of the economy. The reasoning is simple: when money is tight, there aren’t as many people willing or able to purchase a new RV. As things become more stable and buyers more optimistic, sales go up. The RV market collapsed just as the recession started to gain strength, and the car market followed suit. Now, according to RVIA, sales are up 35% through August 2013 for motorhomes and 9.4% for towable RVs.
The upward trend is consistent with RVIA’s predictions, and continued gains are expected in 2014. That’s good news for everyone!
