A recent article from CNN explained the currently “booming" condition of the "old school" RV industry. The article explains that two core trends are impacting the industry for the better: RV sales are skyrocketing, and the primary age range of buyers seems to be getting younger.
According to RVIA, approximately 430,000 RVs of various makes and models were sold in 2016, representing a yearly increase of a whopping 15%. This rise in revenue has been consistent over the past 7 or so years, increasing significantly each year since 2009.
What other factors could be driving these patterns? According to CNN, new technology developments (i.e., smartphones) are actually driving younger generations like millennials to be one of the core RV consumer groups. With RVIA explaining that more than 50% of RV buyers are under age 45 now, many new units aim to showcase themselves as highly affordable for first-time buyers.
Take a look at this insightful article - CNN phrases RVs as being "back and bigger than ever," but comment and let us know...do you think they ever left?
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