KOA Media room -
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Published on: 4/26/2000
Last Visited: 3/5/2001
Alan Piercy , Public Relations Manager mailto : apiercy@rvia.org
RV INDUSTRY HOLDS ITS OWN AS HIGHER FUEL AND FINANCING COSTS HIT U.S. ECONOMY.
RESTON , Va. -- Despite higher fuel prices and interest rates impacting the overall U.S. economy , the recreation vehicle ( RV ) industry expects to finish out the year with a solid performance that may not quite match l999's 2l-year record , but shows its long-term strength and stability.
Positive indicators include continued strong retail sales , sold-out RV show space , high fall/winter campground occupancy rates and RV rental increases.
Even as fuel prices and interest rates climbed through the first half of the year , retail sales of towable units ( travel trailers , folding camping trailers and truck campers ) continued to grow by 5.9 percent , while motorhomes edged down only slightly , 1 percent.