Goshen News, Goshen, IN

Business

March 2, 2012

RV sales forecast improving

The analyst who creates economic forecasts for the recreational vehicle industry is predicting a good year for the industry.

Dr. Richard Curtin, director of surveys of consumers at the University of Michigan, reports in the Recreation Vehicle Industry Association newsletter “RV Roadsigns,” he expects RV shipments to grow by 5.1 percent this year. He said most of the growth will occur in the second half of the year.

“The overall increase will be driven by gains in conventional and fifth-wheel trailers. Importantly, motorhomes will post small gains in 2012 instead of the minor declines in 2011,” Curtain wrote.

He cited a stronger, growing economy, increasing employment and an easing of consumer credit standards as reasons for his estimate.

The motorhome segment of the RV industry was hit hardest by the recession, according to Curtain, because consumers often used home equity to finance the expensive motorhomes.

Curtain suggested motorhome manufacturers adjust the size and features of their products to meet the new market reality.

While Curtain is predicting growth, he cautioned RV managers, “The modest, halting gains expected must be accompanied by continued vigilance.”

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Poll

Last weekend (July 12) the Goshen Parks Department held its Kid’s Try-athlon to promote childhood fitness and this week (July 18) the new bicycle trail is open to the fairgrounds in Goshen, offering residents a healthy way to get to the annual agriculture exposition. Have you joined the local fitness movement?

Yes, I work at eating healthy and exercising
No, I am happy with my fitness level
Changing my diet and exercise frequency is a work in progress
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