Unemployment’s low. The stock market is at all-time highs. Economic forecasts are up. The economy seems pretty good right now doesn’t it? It is. But, according to a
Washington Post report, it’s not those metrics that should convince you. It’s this one: sales of recreational vehicles.
Ask any economist and you’ll be told that when luxury items are selling it’s an indication that the economy’s good. The RV industry got hammered during the last recession, of course, because who had the money to buy one? But now, RV sales are good. How good?
According to the Recreational Vehicle Industry Association, shipments will reach 472,000 vehicles this hear, the highest annual total since data has been collected and a 9.6 percent increase from last year. Projections are even higher for 2018.
“Our industry is in an era of unprecedented growth,” said Frank Hugelmeyer, the association’s president. “We are poised to record an eighth consecutive year of shipment gains, mainly due to product innovations that appeal to retiring baby boomers as well as younger buyers. The recession is in the rearview mirror. This is a new era for the RV industry.”
Reprinted with permission from RV Business
