PII - Recreational vehicle stocks gains as reports indicate 2022 could be another strong year

Recreational vehicle stocks are moving higher as more data suggests demand will stay strong next year. The RV Industry Association says a recent survey indicates that 72M Americans plan on taking an RV trip in the next year in an RV they rent, own or borrow. That mark is up noticeably from 61M in the same survey conducted a year ago. Adding to the positive vibe on RV demand, ITR Economics upped its forecast for RV shipments this year and next year to +600K units. Winnebago (WGO +3.7%), LCI Industries (LCII +3.2%), Thor Industries (THO +3.8%) and Camping Ground (CWH +1.7%) are all higher on the day. It is also a strong day for the boating sector with OneWater Marine (ONEW +5.3%), MasterCraft (MCFT +3.8%) and Malibu Boats (MBUU +4.3%) standing out. Harley-Davidson (HOG +3.1%) and Polaris (PII +2.6%) are also in positive territory with the same sentiment in play.

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Recreational vehicle stocks gains as reports indicate 2022 could be another strong year