The recreational vehicle market has boomed since its financial crisis low point. More than 500,000 RVs were sold in 2017, up 17.2 percent from 2016, according to the Recreational Vehicle Industry Association. The sales included 442,000 towable trailers and 63,000 motor homes. Last year’s record level of RV shipments is expected to be eclipsed again this year.
The RV market has grown by more than 200 percent since 2009, and as sales recovered, manufacturers turned to innovative design to differentiate their products. RVs are proving popular across generations, with baby boomers, Gen-X’ers and millennials all “taking part in the RV-lifestyle,” Thor Industries CEO Bob Martin told CNBC last year.
Kevin Broom, RVIA spokesman, said that lighter and more aerodynamic towables are gaining in popularity, as they do not require large trucks or SUVs to tow. Smaller crossovers, cars and even motorcycles can tow many models. Trailers have dominated over the past decade (87 percent of [...]