RV Investor

RV Stocks and Industry News

 

   

 
RVIA Reports Wholesale Shipments for October
 
The Recreational Vehicle Industry Association reported wholesale shipments of 16,600 units in October, up 23.0% from the same period in 2008. Shipments continue to show a positive trend towards recovery. This is the third month in a row that unit shipments, led by towables, have grown year-on-year. Motorized units also are trending back towards growth and continue to be the hardest hit segment of the market.

RV Investor has forecast wholesale shipments below 100,000 in 2009 making it the worst year since 1980. However, the industry has recovered faster than we expected and it looks like total shipments for 2009 will reach around 170,000 units.

According to the RVIA, RV shipments are projected to total 185,800 units in 2010, a 26.5% increase from the projected 2009 total, according to RV industry analyst and director of consumer surveys at the University of Michigan Dr. Richard Curtin. Gains are expected over the next two years as negative financial factors give way to improved market conditions. RV Investor will release its forecast for 2010 in December.

  
 
RV Wholesale Unit Shipments 2009
  2009 Q1 Q2     Q3     Q4     YTD
RV Wholesale Units (K) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Motorized                          
Motorhome (Class A)        0.4       0.3       0.4       0.3        0.4       0.4       0.4        0.5        0.6        0.8              4.5
Van Conversion (Class B)        0.1        -         0.1       0.1        0.1       0.1       0.1        0.1        0.2        0.1              1.0
Mini-Motorhome (Class C)        0.2       0.4       0.2       0.6        0.7       0.5       0.4        0.5        0.5        0.6              4.6
Motorized Total        0.7       0.7       0.7       1.0        1.2       1.0       0.9        1.1        1.3        1.5        -          -          10.1
Towables                          
Travel Trailers        4.3       6.2       7.7       7.9        7.9      10.1       8.5      11.1      11.3        9.8            84.8
5th Wheels        1.4       2.4       2.8       2.9        2.7       3.1       2.7        4.2        3.7        4.2            30.1
Folding Camper        0.8       0.9       1.1       1.3        1.3       1.3       1.3        1.2        0.9        0.9            11.0
Truck Campers        0.1       0.1       0.2       0.2        0.2       0.2       0.1        0.2        0.2        0.2              1.7
Towables Total        6.6       9.6      11.8      12.3      12.1      14.7      12.6      16.7      16.1      15.1        -          -        127.6
RV Total Units 2009         7.3      10.3      12.5      13.3       13.3      15.7      13.5       17.8       17.4       16.6          -            -         137.7
                           
  2009 Q1     Q2     Q3     Q4     YTD
RV Wholesale Units (K) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Motorized        0.7       0.7       0.7       1.0        1.2       1.0       0.9        1.1        1.3        1.5        -          -          10.1
Towable        6.6       9.6      11.8      12.3      12.1      14.7      12.6      16.7      16.1      15.1        -          -        127.6
Total Units 2009         7.3      10.3      12.5      13.3       13.3      15.7      13.5       17.8       17.4       16.6          -            -         137.7
Source: RVIA 2009                          
                           
                           
Δ% from Previous Year 2009 Q1     Q2     Q3     Q4     YTD
RV Wholesale Units (K) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Motorized                          
Motorhome (Class A) -77.8% -83.3% -82.6% -83.3% -66.7% -71.4% -55.6% -44.4% -40.0% -20.0%     -68.1%
Van Conversion (Class B) -50.0% -100.0% -50.0% -66.7% -50.0% -50.0% 0.0% -50.0% 100.0% 0.0%     -44.4%
Mini-Motorhome (Class C) -84.6% -73.3% -88.2% -68.4% -46.2% -50.0% -33.3% -16.7% -16.7% 20.0%     -58.2%
Motorized Total -78.8% -80.0% -83.3% -75.0% -55.6% -61.5% -43.8% -35.3% -23.5% -6.3%     -62.5%
Towables                          
Travel Trailers -66.4% -58.1% -51.6% -52.4% -41.5% -23.5% -10.5% 20.7% 31.4% 32.4%     -30.2%
5th Wheels -76.3% -64.7% -62.2% -59.2% -55.0% -43.6% -38.6% 0.0% -2.6% 35.5%     -44.5%
Folding Camper -65.2% -55.0% -45.0% -58.1% -43.5% -27.8% 18.2% -20.0% 0.0% -25.0%     -39.6%
Truck Campers -83.3% -80.0% -66.7% -66.7% -60.0% -50.0% -80.0% -33.3% -50.0% 0.0%     -63.0%
Towables Total -69.4% -60.2% -54.4% -55.1% -45.7% -29.7% -18.7% 9.9% 17.5% 26.9%     -35.7%
RV Total Units -70.7% -62.7% -58.5% -57.6% -46.8% -33.2% -21.1% 5.3% 13.0% 23.0%     -38.9%
                           
  2009 Q1     Q2 Q3         Q4     YTD
RV Wholesale Units (K) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Motorized -78.8% -80.0% -83.3% -75.0% -55.6% -61.5% -43.8% -35.3% -23.5% -6.3%     -62.5%
Towable -69.4% -60.2% -54.4% -55.1% -45.7% -29.7% -18.7% 9.9% 17.5% 26.9%     -35.7%
Total Units -70.7% -62.7% -58.5% -57.6% -46.8% -33.2% -21.1% 5.3% 13.0% 23.0%     -38.9%
Source: RVIA 2009                          
 
 
RV Wholesale Unit Shipments 1995 - 2008
   Calendar Year       Annual Growth Rate '08 
RV Wholesale Units (K) 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 1  Year 5 Year 10 Year
Motorized                                  
Motorhome (Class A)      33.0      36.5      37.6      42.9      49.4      41.0      33.4      39.6      41.5      46.3      37.9      32.4      32.9      14.9 -54.7% -18.5% -10.0%
Van Conversion (Class B)       4.1       4.1       3.8       3.6       3.6       3.4       2.6       2.8       2.1       2.5       2.6       2.8       3.1       1.9 -38.7% -2.0% -6.2%
Mini-Motorhome (Class C)      15.7      14.7      13.6      17.0      18.6      16.5      13.2      18.0      18.3      23.0      20.9      20.9      19.4      11.5 -40.7% -8.9% -3.8%
Motorized Total      52.8      55.3      55.0      63.5      71.6      60.9      49.2      60.4      61.9      71.8      61.4      56.1      55.4      28.3 -48.9% -14.5% -7.8%
Towables                                  
Travel Trailers      75.3      75.4      78.8      98.6    117.5    114.5    102.2    129.7    139.8    163.6    201.6    216.8    180.2    128.1 -28.9% -1.7% 2.7%
5th Wheels      45.9      48.5      52.8      56.5      60.5      62.3      54.7      66.1      74.6      91.0      84.8      87.4      81.5      57.0 -30.1% -5.2% 0.1%
Folding Camper      61.1      57.3      57.6      63.3      60.1      51.3      40.8      44.8      35.7      34.1      32.8      33.7      28.8      18.9 -34.4% -11.9% -11.4%
Truck Campers      11.9      11.0      10.3      10.8      11.5      11.1       9.9      10.0       8.8       9.6       8.8       8.7       7.5       4.7 -37.3% -11.8% -8.0%
Towables Total    194.2    192.2    199.5    229.2    249.6    239.2    207.6    250.6    258.9    298.3    328.0    346.6    298.0    208.7 -30.0% -4.2% -0.9%
RV Total Units    247.0    247.5    254.5    292.7    321.2    300.1    256.8    311.0    320.8    370.1    389.4    402.7    353.4    237.0 -32.9% -5.9% -2.1%
                                   
   Calendar Year       Annual Growth Rate '08 
RV Wholesale Units (K) 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 1  Year 5 Year 10 Year
Motorized      52.8      55.3      55.0      63.5      71.6      60.9      49.2      60.4      61.9      71.8      61.4      56.1      55.4      28.3 -48.9% -14.5% -7.8%
Towable    194.2    192.2    199.5    229.2    249.6    239.2    207.6    250.6    258.9    298.3    328.0    346.6    298.0    208.7 -30.0% -4.2% -0.9%
Total Units    247.0    247.5    254.5    292.7    321.2    300.1    256.8    311.0    320.8    370.1    389.4    402.7    353.4    237.0 -32.9% -5.9% -2.1%
Source: RVIA 2008                                  
Source: RVIA 2009