Compared to the rocketing years of COVID, 2024 has been a downright lousy year if you manufacture RVs. But, says the RV Industry Association, that’s all turning around.
RV manufacturers will move more new rigs to dealers this year, at least according to the RVIA.
Uptick forecast: RV manufacturers will move more new rigs this year
In a published prognostication, RV wholesale shipments are projected to climb slightly this year to 324,100 units.
And next year? They’ll then see continued growth to the mid-300,000 unit range in 2025.
All this according to the Fall 2024 edition of RV RoadSigns, the quarterly forecast prepared by ITR Economics for the RV Industry Association.
“Persistent high interest rates have been a headwind for the RV market but we are optimistic that shipments will remain steady over the coming months before gaining more traction next year,” said RV Industry Association President, CEO, and chief cheerleader, Craig Kirby. “There continues to be strong consumer interest in RV travel and camping and as interest rates ease the RV industry is well-positioned to gain ground.”
The new forecast projects 2024 RV shipments to range between 311,600 to 336,600 units with a median of 324,100 units, and with the range rising to 329,900 to 363,300 units with a median of 346,100 units in 2025.
Will it all be true?
The RVIA says RV manufacturers will move more new rigs this year. Tune in next January or so to see if it all proves true.
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Thank you, Russ and Tina! 🙂 Interesting, but not particularly compelling, or really likely. I guess we will see. Thanks again, have a great day, safe travels, and safe stays! 🙂
I was looking at a large RV dealer website here in Florida yesterday. It is full of 23 and 24 brand new motorhomes, along with 25’s. Don’t see all that “old” inventory on hand helping move new 2025 models. Especially with the heavy discounts they will have to give to move new 2023 modles.
The problem I have with RV manufacturers is they have no vision based on anything I read. It’s all money driven. Smart manufactures use down time to improve processes which improves quality. I have neither seen nor read anything that indicates that RV manufacturers have been taking steps to improve. Process improvements like wiring diagrams, torque controlled tooling, process plans for assembly would address quality issues, which should be a major focus of RV manufactures. You build quality in, not inspect it in. I am a Manufacturing Engineer – I know of what I speak!