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RV Shipments Increase, Bolstering RV Storage Development

Results for the RV Industry Association’s May 2024 survey of manufacturers found that total RV shipments ended the month with 33,150 units, an increase of 7.2% compared to the 30,919 units shipped in May 2023.

“As the summer RV travel season kicks into high gear, 45 million Americans will make lasting memories with friends and family as they get out and go RVing this summer,” said RV Industry Association President & CEO Craig Kirby. “Shipments are continuing to show moderate increases over last year as units head to dealerships across the country where consumers will find an RV to fit every budget and lifestyle.”

RV shipments are used as a predictor of future RV storage needs, giving developers and investors evidence that this subset of the storage industry continues to grow. Current research indicates that more than five times the amount of vehicle storage spaces are needed to meet ever-increasing demand. In addition, many experts agree that RV storage is where self-storage was in the 1990s, before it exploded exponentially. 

Towable RVs, led by conventional travel trailers, ended the month up 13.5% from last May with 30,177 shipments. Motorhomes finished the month down (-31.2%) compared to the same month last year with 2,973 units.

To date, RVs are up 8.9% compared to the same timeframe last year with 153,288 units shipped through May. Towables are up 14.9% and motorhomes are down (-23.4%) year to date.

Park Model RVs finished May down (-24.4%) compared to the same month last year, with 363 wholesale shipments and are down (-30.9%) for January to May.

Below you will find charts showing 2023/2024 month over month total wholesale RV and Park Model shipments. Click here to view the May 2024 shipment numbers published on the RV Industry Association website and click here to view our Shipment Report in PDF format.

Results for the RV Industry Association’s May 2024 survey of manufacturers found that total RV shipments ended the month with 33,150 units, an increase of 7.2% compared to the 30,919 units shipped in May 2023. “As the summer RV travel season kicks into high gear, 45 million Americans will make lasting memories with friends and family as they get out and go RVing this summer,” said RV Industry Association President & CEO Craig Kirby. “Shipments are continuing to show moderate increases over last year as units head to dealerships across the country where consumers will find an RV to fit every budget and lifestyle.” RV shipments are used as a predictor of future RV storage needs, giving developers and investors evidence that this subset of the storage industry continues to grow. Current research indicates that more than five times the amount of vehicle storage spaces are needed to meet ever-increasing demand. In addition, many experts agree that RV storage is where self-storage was in the 1990s, before it exploded exponentially. Towable RVs, led by conventional travel trailers, ended the month up 13.5% from last May with 30,177 shipments. Motorhomes finished the month down (-31.2%) compared to the same month last year with 2,973 units. To date, RVs are up 8.9% compared to the same timeframe last year with 153,288 units shipped through May. Towables are up 14.9% and motorhomes are down (-23.4%) year to date. Park Model RVs finished May down (-24.4%) compared to the same month last year, with 363 wholesale shipments and are down (-30.9%) for January to May. Below you will find charts showing 2023/2024 month over month total wholesale RV and Park Model shipments. Click here to view the May 2024 shipment numbers published on the RV Industry Association website and click here to view our Shipment Report in PDF format.

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