An analyst is predicting the recreational vehicle industry’s growth this spring will continue the rest of the year.
Richard Curtin, director of the Surveys of Consumers at the University of Michigan, wrote in the latest edition of “RV Roadsigns” that he expects the industry to have in 2012 a 6.9 percent gain in RVs shipped to dealers.
The industry had a large first-quarter gain, posting a 9.7 percent increase for the quarter over the same period in 2011. Almost all of the gain came from towable units, according to Curtin. The motorhome segment remained unchanged.
“The outlook for continued growth in RV sales is based on slow but consistent gains in jobs and incomes during the balance of 2012,” Curtin wrote. “Improved credit conditions and low interest rates will also support the expansion of RV sales. Stabilization of home prices as well as initial gains in home construction will begin to turn the past negative drag of the factors to a small positive. On the negative side, uncertainty about future taxes and federal spending is likely to moderate sales toward the end of the year and in early 2013.”
Curtin forecasts that towable RV and Class C motorhome shipments will dip in the third and fourth quarters before rebounding in early 2013.
Shipments of Class A motorhomes should remain flat through early 2012, according to Curtin.
Business
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Attendees gather during an open house at the RV Hall of Fame in Elkhart in September. SAM HOUSEHOLDER | The Goshen News
Analyst: RV gain in 2012 will top 6 percent
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