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Rise in RV sales indicate healthy economy

Rise in RV sales indicate healthy economy

UNITED STATES — Unemployment’s low. The stock market is at all-time highs. Economic forecasts are up. The economy seems pretty good right now doesn’t it? It is. But it’s not those metrics that should convince you. It’s this one: sales of recreational vehicles, reports The Washington Post.

Ask any economist and you’ll be told that when luxury items are selling it’s an indication that the economy’s good. The RV industry got hammered during the last recession, of course, because who had the money to buy one? But now, RV sales are good. How good?

According to the Recreational Vehicle Industry Association, shipments will reach 472,000 vehicles this year, the highest annual total since data has been collected and a 9.6 percent increase from last year. Projections are even higher for 2018.

Read the full article at The Washington Post.

 

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About Ronnie Garrett

Ronnie Garrett is the editor in chief of RV Daily Report. She's been a writer/editor for more than 25 years, working in law enforcement, aviation, supply chain and now the RV industry. She's not a stranger to RVs, however. She grew up camping, and still camps as many weekends as she can every year.

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