RV Shipments to Rise to Median of 391,400 by End of 2025 – RVBusiness – Breaking RV Industry News
FAIRFAX, Va. – RV wholesale shipments are projected to climb into the mid-300,000 unit range by year-end 2024 before climbing higher in 2025, according to the June 2024 issue of RV RoadSigns, the quarterly forecast prepared by ITR Economics for the RV Industry Association (RVIA).
“This new forecast reinforces our cautious optimism that the worst of the impact from interest rate increases are behind us, and that we’ll see a continued rise in shipments through the remainder of this year and into next year,” said RVIA President & CEO Craig Kirby. “Our research also shows that people are making RVing their travel of choice with 45 million Americans planning RV trips this summer.”
The new forecast projects 2024 RV shipments to range between 329,900 to 359,100 units with a median of 344,000 units. Additional growth is expected through 2025 with wholesale shipments increasing to a range of 374,200 to 408,600 with a median of 391,400 units.
In March, the ITR Economics/RVIA forecast projected 2024 RV shipments to range between 334,700 to 365,500 units with a median total of 350,100 units. That total would represent an 8.8% to 18.8% increase over the 2023 year-end total of 313,200 units.
RV Industry Association members can view the Summer 2024 issue of RV RoadSigns here.
Members are invited to attend a webinar with ITR Economics for an in-depth explanation of the new forecast at 1 p.m. ET, Wednesday, June 12.
Members can register for the webinar here.
