The RV Industry
Over the last 37 years, unit growth of RVs has averaged around 4% per year with trend-line growth of approximately 2.5%. Over the same period, retail value growth has averaged around 7% with trend-line growth of approximately 5%. That implies pricing growth of around 2.5-3%, which makes sense considering inflation over that time. Market research (whatever that’s worth) forecasts 7% revenue growth will continue through 2024.
RV sales are expected to maintain this trend because Millennials have embraced RVing at a rate equal to or greater than prior generations. Added to this,