Here are some interesting facts from The Recreation Vehicle Industry Association. Their forecasts aren’t that granular in regards to specific cities, so everything is based on a national forecast. Nonetheless, these statistics shed light on the popularity of RV’s and hopefully “our” industry will continue to benefit.
According to the Industry Association’s RV Shipments and Sales data, “shipmates in 2014 are expected to total more than 335,000 units, which would be the highest total since 2007.” Additionally, RV ownership has reached record levels. “More than nine million American households now own an RV- the highest level ever recorded- a 16% increase since 2001 and a 64% gain since 1980.” The Recreation Vehicle Industry has a similar statistics to the Self Storage industry when it comes to Population and Demographic trends. The association states that both trends “favor long-term RV market growth and buyers aged 35-54 are the largest segment of RV owners, according to the 2011 University of Michigan study. Also, RV sales will benefit as aging baby-boomers continue to enter the age range in which RV ownership is highest.”
As always, I hope you find this information helpful and interesting.
Until next time