WASHINGTON, DC — (Marketwired) — 06/07/16 — RVs Move America, the first-ever economic impact study of the recreation vehicle industry, revealed the RV industry contributed $49.7 billion to the U.S. economy in 2015, and provided 289,852 full-time jobs to American workers.
“The study demonstrates that the RV industry is a dynamic part of the U.S. economy,” said Frank Hugelmeyer, president of the Recreation Vehicle Industry Association (RVIA), which commissioned the study. “American workers involved in our industry earned more than $15.8 billion in wages and benefits, and, along with the firms that employed them, paid $5.7 billion in federal, state and local business taxes.”
The RVs Move America report includes all companies involved in the manufacture, sale, rental, repair, storage, and service of recreation vehicles, as well as the aftermarket industry and the financing and insurance of RV purchases and the economic impact of recreation vehicle travel.
Results of the study were released today at a news conference held during an RV industry gathering in Washington, D.C. Joining Hugelmeyer were: Derald Bontrager, RVIA Chairman of the Board and President & CEO of Jayco Industries; Bob Martin, President, CEO & Director, Thor Industries, Inc.; Doug Gaeddert, General Manager, Forest River, Inc.; and Michael Happe, President & CEO, Winnebago Industries. Bruce Andrews, Deputy Secretary, U.S. Department of Commerce also participated in the event and applauded the industry for its growth, amplifying remarks made last week in Elkhart, Indiana by President Barack Obama.
“Today’s new report from RVIA could not be more timely, as just last week President Obama shined a spotlight on the recreation vehicle industry’s impressive growth during his visit to Elkhart, Indiana,” said U.S. Deputy Secretary of Commerce Bruce Andrews. “RVIA’s research only reaffirms our International Trade Administration’s findings in its latest Top Markets Report, which highlighted the vast potential for America’s RV industry and our greater recreation transportation sector to increase their exports around the world and ultimately support more jobs and economic growth here at home.”
In addition, the study estimates: