RESTON, Va. — The RV Industry Association has published the 2013 Survey of Lenders’ Experiences, a publication detailing the results of the association’s annual nationwide survey of financial institutions concerning their RV lending portfolios.
The report provides an in-depth look at key data from both the Wholesale and Retail Indirect RV lending markets and illustrates why RV loans continue to be an attractive product for financial institutions to include in their portfolios.
“With the RV market strengthening and the dollar volume for RV lending also on the rise, the information shows that RV financing continues to be a profitable market for banks, especially when considering the delinquency rate for RV loans continues to be among the lowest of other consumer loans tracked by the American Bank Association,” said Bill Baker, RVIA senior director of communication.
“In documenting the stability and potential profitability of RV loans, the 2013 Survey of Lenders’ Experiences is a helpful tool for industry members to use educating banks and financial institutions about the RV lending market,” said Baker.
RVIA has mailed complimentary copies of the publication to dealer, manufacturer and finance contacts. Copies are available for purchase in the Publications store on www.rvia.org.
The 2013 Survey of Lenders’ Experiences concentrated on the largest lenders in the wholesale and retail indirect markets that together constitute approximately 80 percent of national lending activity.
The research was conducted by Robert Hitlin Research Associates under the direction of RVIA’s Financial Services Committee, chaired by Bob Parish, of GE Capital.
SOURCE: RV Industry Association press release