RV Industry News in Reno Nevada
Have you been thinking about purchasing an RV, but you’re not sure if the timing is right? Learn about the RV industry and the increase in growth the industry has been having and only expected to grow in the years to come.
According to an article at lessors.com, “Sales in the RV Industry are on the Rise”
“Recreational vehicle (RV) manufacturers are seeing double-digit growth and RV dealers are selling through products at an increasing rate, said GE Capital, Commercial Distribution Finance (CDF).
That’s consistent with the positive activity seen in the U.S. middle market overall, according to the National Center for the Middle Market (NCMM), a partnership between GE Capital and The Ohio State University Fischer College of Business. The mid-market consists of approximately 200,000 companies with revenues of $10 million to $1 billion, which includes many participants in the RV industry.
“As the U.S. economy continues to experience slow and consistent growth, growing consumer confidence is spurring retail sales of RVs,” said Tim Hyland, president of CDF’s RV group. “We expect that the industry will remain on a growth trajectory through the 2014 selling season. That’s supported by the information gathered by the NCMM.” To read the entire article click here.