RV manufacturing is off the charts; here are Septembers numbers:
The RV industry is now only down only .8% over 2019 for all “towable RV’s” and down 3.2% for all RV shipments which include all classes of Motorhomes. This is amazing given the two month shutdown for COVID19. The RV Manufacturing boom continues.
Only three months of manufacturing are remaining for 2020. There is little doubt now that the RV industry will exceed 2019’s numbers. Let’s take a quick look at the numbers for September.
Septembers Travel Trailer shipments (the most popular RV of choice) were up 38.7% over September 2019 numbers. September of 2019 = 21253 vs. 29476 for September of 2020. That is a 16 point gain over last month alone!
September’s Fifth Wheel shipments were up 20.4% over September of 2019. 2019 = 6282 vs 7564 for September of 2020.
Folding Campers shipments were up 123.3% over September of 2019. You read that correctly 123.3%. September 2019 shipments were 287 as compared to 641 for September of 2020. Again my opinion is that many families are starting our with Pop-Ups trailers to see if this is a lifestyle they would enjoy. The risk’s are somewhat minimal as you don’t have to invest in a heavy duty tow vehicle, or spend a fortune (although some of these folding campers are not what I would call inexpensive either).
There was even a rise on Truck Camper Shipments, up 17.5% over September of 2019. September 2019 shipments were 263 compared to 309 for September of 2020.
So what do the numbers tell us? Just like last month, People are still buying RVs and there is still a shortage. While Tammy and I have seen the parking lots at the dealerships starting to fill up a bit, they are far from reaching the inventory levels they had pre-covid. Sales are also being driven by the fact that folks have discovered it is a safe way to travel with the family or work remotely plus the interest rates on loans are at an all time low. As a result, manufacturing is off the charts!
The RVIA is very optimistic regarding the shipment numbers. As a matter of fact the RVIA predicts that by the end of the year not only will they have made up for the two month COVID shutdown but they will beat 2019s numbers by 4.5%.
They predict that 2020 will be the fourth best year on record for shipments. In addition they predict 2021 will be up 19.5% over 2020. If true those numbers would best 2017’s record year.
As I mentioned in last months update regarding the manufacturing numbers, this kind of manufacturing boom could also bring back the same quality issues that were apparent in 2017. So, it might be great for the RV industry but not necessarily great for the consumer.
In conclusion; the surge continues…even into next year from the looks of it. To see the Septembers numbers from the RVIA Click here.
Until next time, stay safe and happy camping
RV Manufacturing is off the charts!
RV manufacturing is off the charts; here are Septembers numbers:
The RV industry is now only down only .8% over 2019 for all “towable RV’s” and down 3.2% for all RV shipments which include all classes of Motorhomes. This is amazing given the two month shutdown for COVID19. The RV Manufacturing boom continues.
Only three months of manufacturing are remaining for 2020. There is little doubt now that the RV industry will exceed 2019’s numbers. Let’s take a quick look at the numbers for September.
Septembers Travel Trailer shipments (the most popular RV of choice) were up 38.7% over September 2019 numbers. September of 2019 = 21253 vs. 29476 for September of 2020. That is a 16 point gain over last month alone!
September’s Fifth Wheel shipments were up 20.4% over September of 2019. 2019 = 6282 vs 7564 for September of 2020.
Folding Campers shipments were up 123.3% over September of 2019. You read that correctly 123.3%. September 2019 shipments were 287 as compared to 641 for September of 2020. Again my opinion is that many families are starting our with Pop-Ups trailers to see if this is a lifestyle they would enjoy. The risk’s are somewhat minimal as you don’t have to invest in a heavy duty tow vehicle, or spend a fortune (although some of these folding campers are not what I would call inexpensive either).
There was even a rise on Truck Camper Shipments, up 17.5% over September of 2019. September 2019 shipments were 263 compared to 309 for September of 2020.
So what do the numbers tell us? Just like last month, People are still buying RVs and there is still a shortage. While Tammy and I have seen the parking lots at the dealerships starting to fill up a bit, they are far from reaching the inventory levels they had pre-covid. Sales are also being driven by the fact that folks have discovered it is a safe way to travel with the family or work remotely plus the interest rates on loans are at an all time low. As a result, manufacturing is off the charts!
The RVIA is very optimistic regarding the shipment numbers. As a matter of fact the RVIA predicts that by the end of the year not only will they have made up for the two month COVID shutdown but they will beat 2019s numbers by 4.5%.
They predict that 2020 will be the fourth best year on record for shipments. In addition they predict 2021 will be up 19.5% over 2020. If true those numbers would best 2017’s record year.
As I mentioned in last months update regarding the manufacturing numbers, this kind of manufacturing boom could also bring back the same quality issues that were apparent in 2017. So, it might be great for the RV industry but not necessarily great for the consumer.
In conclusion; the surge continues…even into next year from the looks of it. To see the Septembers numbers from the RVIA Click here.
Until next time, stay safe and happy camping
john.martini.patterson@gmail.com
November 2, 2020
Blog, Industry Commentary
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