Statistics about RVs and Motorhomes

Statistics about RVs and Motorhomes

Statistics about RVs and Motorhomes

Statistics about RVs and Motorhomes

Growing at a breakneck pace, the RV and motorhome business continues to expand.

Some facts that you should be aware of as the number of individuals who are interested in RVs and motorhomes continues to rise.

Vehicle sales figures for recreational vehicles and motorhomes
In 2018, 438,700 recreational vehicles and motorhomes were sold in the United States, according to Statista.

 

 

When compared to 2008, this is an almost 250,000 unit increase. Although 2008 was the year of The Great Recession, this surge should come as no surprise to anybody who has been following the economy since then.

Having said that, if you go back two years, you’ll see that just 390,500 recreational vehicles were sold. The number of recreational vehicles sold in the United States has continued to grow at a rapid pace, as seen in the chart below.

Recent events (2020) have heightened interest in recreational vehicles, which is a welcome development. Because of this, RV rentals and RV purchases have seen a significant increase.

As a consequence, many more individuals may get interested in RVing, and sales may rise even more in the future years.

 

 

 

 

Was This Intended to Mean?

You’ll have more folks to RV with as a result of this, as a customer.

Additionally, you will most likely have a greater selection of RV alternatives to chose. More options are available to you, but the purchasing procedure may become more complicated as a result of this.

Fortunately, this website is chock-full of information on how to choose, operate, and maintain a recreational vehicle!

Detailed information about RV and motorhome sales

While it may seem that motorhomes are more popular than towable recreational vehicles, this couldn’t be farther from the reality. In reality, towable RVs account for 88 percent of all recreational vehicles, with motorized recreational vehicles accounting for just 12 percent of all recreational vehicles.

RV renters prefer motorhomes, despite the fact that they are less expensive. Because a towable RV necessitates the use of a tow vehicle and the specific towing equipment that goes along with it, this is most likely the case.

 

 

 

 

You’ll have considerably less difficulty locating a towable RV than you would finding a motorhome. In particular, if you are seeking to rent a motorhome, you should be aware that the demand for motorhomes in the rental market is far larger than the demand for towable RVs.

Price ranges for towable recreational vehicles and motor homes
It is normally far less costly to purchase a towable RV than a motorhome. While motorhomes typically start at more than $50,000.00, towable recreational vehicles (RVs) may be purchased for less than $6,000.

 

 

 

It may be more cost effective to purchase or rent a towable RV rather than a motorhome if you’re wanting to save money on your RV. In light of the above, it is necessary to possess or hire a car that is capable of pulling an RV in order to travel with one.

Last but not least, the cost of purchasing and operating a towable recreational vehicle should always include the cost of the tow vehicle in addition to the cost of the towable recreational vehicle.

When you add up the costs of a $50,000 vehicle and a $30,000 camper, you could discover that the $70,000 RV is really less expensive to buy than the towable camper.

Statistics about RVs and Motorhomes

Statistics about RVs and Motorhomes (2)
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The Places Where They’re Made

Despite the fact that RVs and motorhomes are manufactured all over the globe, the majority of manufacturers are located in the United States.

Surprisingly, the majority of these recreational vehicles are manufactured in the state of Indiana. According to the RVIA, 80 percent of the country’s recreational vehicles are built there.

Even more intriguing is the fact that, of this total of 80 percent, two out of every five units are manufactured in Elkhart County. It’s possible that if you reside in the United States, you’ll want to explore purchasing your next recreational vehicle in Indiana.

 

 

 

There will be a plethora of possibilities for you to pick from, and you may even have the opportunity to tour some of the RV production facilities.

RVs Are Sold All Over the Globe RVs are sold all over the world, as well as in every state in the United States.

 

 

California and Texas, on the other hand, seem to sell more recreational vehicles each year when compared to the majority of other states. You will have no problem locating an RV to purchase no matter which state you are presently in.

However, if you are unable to locate the specific RV you like, it may be a good idea to have a look around and see what the dealers in Texas and California have to offer you instead.

 

 

 

 

Are tiny houses and vans considered recreational vehicles (RVs)?

Some small homes are RVIA approved when they are built, and they are thus legally classified as recreational vehicles (RVs).

 

 

 

They would be included in the data that we discussed before in this article.

RVs include conversion vehicles that have been professionally constructed. RVs that have been converted by the owner may also be termed RVs, although they would have been marketed as automobiles initially. This implies that they do not qualify as recreational vehicles.

If you’re thinking about purchasing a van or small home to use as an RV, you’ll want to make sure it’s certified first. If you don’t do this, you may have difficulty getting into certain RV parks and you may have problems acquiring insurance.

 

 

 

If you’re converting a van into a recreational vehicle, you may need to speak with your state about registering it as an RV. It is virtually probable that doing so will cut your insurance premiums, and it may also provide you with additional camping possibilities.

If, on the other hand, you reside in a region where recreational vehicles are prohibited, you could be better off with a do-it-yourself van construction. In this instance, you will enjoy all of the advantages of a motorhome without having to own one outright..

 

 

 

 

 

Campgrounds and resorts are available.

In the United States, there are more than 16,000 RV campsites and parking lots to choose from. Campgrounds, both public and private, are included in this category.

Furthermore, this number is rapidly increasing. RVers may rent part of the property owned by private landowners via companies such as Hip Camp, which allows them to make a profit.

RV camping is now simpler, less expensive, and more convenient as a result of this.

 

 

 

 

As a result, RV camping is only likely to become more popular in the future. It’s possible that pricing for RV campgrounds may alter in the near future as a result of this.

It’s anyone’s guess which direction prices will go, but in general, the more supply there is of anything, the lower the price.

RV and motorhome use is on the rise.

RVIA estimates that the typical RV owner utilizes their RV for around 4 weeks out of the year on the road. Many RVers, on the other hand, say that they use their vehicles even less often than that each year.

This implies that for some individuals, renting an RV or motorhome each year rather than purchasing one may be more cost-effective than purchasing one. For example, renting an RV for four weeks a year at a rate of $200.00 a day will cost you $5,600 dollars!

A motorhome may cost twice as much as that, and it will be worth very little once ten years of depreciation has taken place. Additionally, as a property owner, you will be responsible for continuing upkeep, storage, and insurance fees.

 

 

 

This also adds to the overall expense of having a recreational vehicle.

 

 

 

RV rentals are becoming more popular.

RV rentals have a market value of around 282 million dollars each year at the time of writing.

There are around 182 RV rental firms in operation at the moment. This does not include private individuals who rent out their recreational vehicles on websites such as RVShare.com.

Over the next three years, according to industry experts, the number of renters and rental firms will expand.

 

 

 

This is wonderful news for both RV renters and RV owners, who will benefit from this knowledge. This implies that if you’re seeking to rent a place, you’ll have a plethora of choices to choose from.

If, on the other hand, you’re wanting to purchase an RV in order to rent it out to others, you’ll have no trouble finding tenants.

Some RV purchasers choose to rent out their vehicles in order to assist offset the costs of ownership. You should consider joining one of these customers if you haven’t already. Now is an excellent opportunity to do so.

As an alternative, if you’re thinking of renting an RV every year, now could be a good time to do it.

 

 

 

RV Fires It has been stated that around 6,000 RV fires occur each year in the United States. Some of these fires happened while the RV was on the road, while others occurred at campgrounds and parking lots where the RV had stopped.

RV fires seem to be more common in motorhomes, although towable RVs are equally susceptible to catching on fire.

 

 

 

 

This truth has a number of implications. In the first place, it implies that you should take steps to limit the likelihood of your RV catching fire. This implies that you should use caution while cooking and that you should understand how to correctly operate your propane refrigerator.

In addition, you should have a strategy in place for dealing with an RV fire in case one occurs.

 

 

 

 This includes a strategy for getting out as fast as possible, as well as a plan for extinguishing any flames that may erupt. Install smoke detectors and fire extinguishers to aid in this endeavor.

Last but not least, be certain you have RV insurance. This will assist you in getting back on the road after a fire has ripped your RV away from your possessions.

 

 

 

Stats on the ownership of property

RVs are owned by around 9 million persons in the United States. I was taken aback by this data since I had expected the figure to be far larger.

The recreational vehicle business has a great deal of opportunity for expansion.

For those who want to get into the sector, this implies that they will have a plethora of options to take advantage of over the next few years.

 

 

 

 

Stats on full-time work

At any one moment, there are anywhere between 500,000 and 1,000,000 individuals who are living full-time in a recreational vehicle.

Others are just living a stationary life in an RV. Some of these folks are traveling full-time, while others are simply enjoying a sedentary life in an RV. There are a plethora of resources available to full-time RVers.

A person may work full-time in any season and for as long as they want at whatever time of the year they want.

 

 

 

Having said that, parking and other facilities in northern locations may be restricted during the colder months of the winter.

 

 

 

RVs and Pets: A Match Made in Heaven

When RV owners travel, more than half of them bring a pet along with them for company.

For the most part, this implies they have at least one dog or cat, but some individuals travel with other pets like bunnies and other small rodents like hamsters and even snakes.

Because of this, there are several pet-friendly campgrounds and campsites available for pet owners to take advantage of. As a matter of fact, many pet owners get interested in RVing because it lets them to take their dogs on vacation with them.

 

 

 

 

Information about RV Loans

The typical RV loan has a price tag of around $45,000.00.

Every year, over 200,000 RV loans are granted, resulting in a total of over 9 billion dollars in bank lending to RV owners.

The RV business, as a result, provides a significant amount of money to the banking industry on a yearly basis. Every year, at a 5 percent interest rate, over $450,000,000.00 in interest payments are earned only from the sale of new recreational vehicles.

When you purchase an RV, you’ll have to determine whether or not you want to participate in the money generated by it.

 

 

 

RV Demographics by Age

Every year, around 40 million individuals travel by RV to get away from it all.

A third of these RVers are millennials, a third are from generation x, and a third are from the baby boomer generation. RV camping is a dependable hobby that has been enjoyed by many generations, as seen by these data.

While it is unlikely that RV camping will see significant increases, it is equally unlikely that RV camping will experience significant decreases.

 

 

The demand for Class B motorhomes is increasing.

It is becoming more popular to purchase modest class B motorhomes. Within the next several years, the demand for class B motorhomes will exceed the combined demand for class C and class A motorhomes.

In other words, the pace of depreciation for class-B motorhomes will most certainly slow down over the course of the next couple of years.

It also implies that the rate of depreciation for class C and class A motorhomes is likely to accelerate in the coming years, particularly in the United States.

 

 

 

 

Statistics on Employment in the RV Industry

Approximately 600,000 individuals find work in the recreational vehicle business.

This includes mechanics, campsite employees, RV manufacturers, and RV salesmen, amongst other occupations.

If you’re looking for a career that includes the construction, sale, or maintenance of recreational vehicles, you’ve come to the right place. The recreational vehicle sector provides a wide variety of positions in a wide variety of areas of operation, and your own knowledge of RVs might be quite helpful to both you and any future employer.

 

 

 

 

RV Vacations and the Cost of Taking Them

The majority of RV owners report that traveling in an RV saves them money compared to staying in hotels or rental properties.

It is estimated that a couple will save between 11 and 48 percent on their trip, while a family of four would save between 27 and 62 percent on their holiday.

If you travel in motorhomes or campers instead of hotels or rental houses, you may save a significant amount of money on your next holiday.

 

 

 

When people go camping in their RVs, they are referred to as RVers.

Surprisingly, April is the most popular month to go RVing in the United States, according to statistics. The months of June, July, and September are the second, third, and fourth most popular months, in that order.

December is the month when RVing is the least popular option. However, this is not always the case in locations such as Florida, where RV travelers are on the rise during this month of the year.

 

 

 

If you want to escape the crowds, you should avoid RVing throughout the months of April, June, July, and September. Alternatives include the shoulder months of March and October or the cooler months of November, December, January, and February as a starting point for your search.

 

 

 

In addition, August is an excellent month for avoiding the RV crowds, although it may be too hot for RVing in certain parts of the nation during the month of August.

Hashtags
The hashtag #vanlife has been used over 6 million times on Instagram, according to Instagram statistics.

On social media sites such as Pinterest, YouTube, and Facebook, it’s also used pretty regularly.

This indicates that the usage of tiny DIY motorhomes is becoming more popular and will most likely continue to increase in the foreseeable future.

 

 

 

 

 

Driver Facts and Figures

The typical recreational vehicle travels around 4,500 miles per year.

This might be a useful statistic for you to utilize when determining the maintenance and depreciation schedules for your new recreational vehicle (RV).

If you drive a motorhome for a long period of time, the depreciation value of the vehicle will be greatly reduced. Its maintenance schedule will also alter fast depending on how many miles it has accumulated, so this figure may become quite essential to you in the future.

 

 

 

 

RV Travel Destinations

Yellowstone National Park is the most popular RV destination on the west coast. It is located in the United States.

Colonial Williamsburg, located in Virginia, is the most popular tourist site on the east coast. Walt Disney World in Florida is the most popular RV vacation destination in the southern United States.

If you’re considering about visiting any of the three RV spots listed above, you may want to think about doing so during the off-season or off-season.

These destinations attract a large number of travelers, and they may get quite crowded.

RVing is becoming more popular.

 

 

 

 


It is impossible to imagine a time when RVing was more popular than it is now.

Baby boomers are retiring and traveling, according to some, while millennials are choosing to travel by RV rather than more conventional modes of transportation, according to other sources.

Others, on the other hand, credit the growing popularity of RVing to lower gas prices and a thriving economy.

Who knows what the true cause of this occurrence is going to be till the dust settles.

 

 

 

 

Concluding Remarks
The statistics behind recreational vehicles and motorhomes are not only intriguing, but also instructive.

RVing is a dream come true for many people, and these products may assist you in making your dream a reality.