RVBusiness, March/April 2019
RVBusiness Wells Fargo RV Industry Survey Sheds Light on 2019 s Mixed Economic Signals So far weve seen good attendance at the consumer shows and we saw retail activity through 2018 hold up pretty well said Tim Hyland president of Wells Fargo CDFs RV Group Plus dealer sentiment seems to be good overall theres a general sentiment thats positive for 2019 A t a time when mixed signals from the general economy and the RV marketplace are often posing more questions than answers RVBusiness and Wells Fargo CDF again reached out in the first quarter of the year to take the pulse of the North American RV arena by fielding the 2019 RVBusiness Wells Fargo RV Industry Survey And the message received is that the bulk of the industry remains conservatively upbeat about the long term prospects for the industry Looking back at 2018 a total of 58 of the 160 survey respondents indicated that they experienced a growth year in 2018 over 2017 with 41 of them ahead 10 or less and 17 up more than 20 Looking forward at the rest of 2019 40 are anticipating industry growth in 2019 34 of them by 10 or less Another 32 are anticipating a flat year while 29 think 2019 will lag behind 2018 when all is said and done Meanwhile survey subjects were asked to describe the general state of the RV market right now and the largest segment 37 think its Looking back at 2018 how did your company division fare 41 21 11 10 17 Up more than 20 Ahead 10 or less Flat year over year Down 10 or less 30 RVBusiness M A R C H A P R I L 2 0 1 9 Off more than that
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