RV makers roll toward a V-shaped recovery amid COVID

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At least one American industry is rolling toward a V-shaped recovery.

FILE PHOTO: An assembly line worker works on the production line at Renegade RV manufacturing plant in Bristol, Indiana, U.S., April 16, 2019. Photo taken April 16, 2019. REUTERS/Tim Aeppel/File PhotoWholesale shipments of recreational vehicles - which have surged in popularity as Americans sought to travel without the need to touch hotel or restaurant doorknobs - are projected to set a record next year, according to an analysis seen by Reuters prepared for the RV Industry Association.

The trade group’s president, Craig Kirby, said in a release that people see RVs “as a way to have the freedom to travel and experience an outdoor lifestyle while also controlling their environment.” Other outdoor-oriented industries have seen a similar trend. Sales of swimming pools, boats, and all-terrain vehicles have all surged since lockdowns were lifted earlier this year.

The RV industry, centered around Elkhart, Indiana, was largely shut down for two months early in the coronavirus pandemic. But then business roared back. The report’s projection for 2020 is shipments of 424,400 units. That would represent a 4.5per cent increase over 2019. Some manufacturers are reporting shortages of parts and other supply chain constraints amid the upswing in manufacturing.

 

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