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

Goshen City Council member Dixie Robinson is asking residents to make an effort to clean up their yards this spring. The city’s Dial-A-Truck program is available to haul trash away. Do you think there are more unsightly properties in Goshen this year than five years ago?

Yes, I have noticed more problem properties
No, I have not noticed more problems
I think the problems are about the same as always
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