Results for the RV Industry Association’s July 2024 survey of manufacturers found that total RV shipments ended the month with 24,116 units, an increase of 17.5% compared to the 20,520 units shipped in July 2023. RV shipment numbers are often evaluated by developers and investors to forecast future need for RV storage facilities.
Current research indicates that approximately 12 million households own an RV. Research has also revealed that the need for RV/boat storage is five times greater than the current supply. As more RVs are shipped and sold, and increasing numbers of HOAs restrict parking of big rigs in yards and driveways, the need for professionally operated toy storage facilities grows.
“July’s shipments continue this year’s moderate year over year gains,” said RV Industry Association President and CEO Craig Kirby. “As the summer comes to a close and kids head back to school, 27 million Americans are planning to go RVing this fall to take in some of the best weather and enjoy outdoor experiences with family and friends.”
Towable RVs, led by conventional travel trailers, ended the month up 21.8% from last July with 21,560 shipments. Motorhomes finished the month down (-9.4%) compared to the same month last year with 2,556 units. To date, RVs are up 9.4% compared to the same timeframe last year with 202,712 units shipped through July.
Park Model RVs finished July down (-13.8%) compared to the same month last year, with 337 wholesale shipments.
