Indiana Economic Digest | Indiana
Advanced Search

• Most Recent




home : most recent : manufacturing December 15, 2018


11/29/2018 5:49:00 PM
Indiana RV shipments slip in October, 2018 -- the third straight month
RVs sit on the Tiara RV lot on Wednesday in Elkhart. RV shipments are down for the third consecutive month. Staff photo by Santiago Flores
+ click to enlarge
RVs sit on the Tiara RV lot on Wednesday in Elkhart. RV shipments are down for the third consecutive month. Staff photo by Santiago Flores

Ed Semmler, South Bend Tribune Staff Writer

Elkhart County unemployment rate of about 3 percent still remains among the lowest in the state.

New RV sales are still up 4.63 percent in the U.S. and Canada through the first nine months of the year, according to Grand Rapids-based Statistical Surveys which tracks sales for the industry.

But that doesn’t mean people aren’t keeping an eye on the slowdown in RV production, which slipped in October for the third consecutive month. 

According to figures provided by the RV Industry Association, total shipments dropped 11 percent to 43,568 in October compared to the same month last year, following monthly slides in September, August and June.

Some of the production slowdown is the result of excess inventory that built up on dealer lots during the first half of the year, according to Phil Ingrassia, president of the RV Dealers Association.

But others are worried that the impact of tariffs on steel, aluminum and other items could cause prices to go up enough to dissuade some buyers from making a new purchase or get them to consider purchasing a used model.

Others are worried about the possibility of higher interest rates.

Related Links:
• South Bend Tribune full text

Related Stories:
• RV maker Thor reports earnings, sales drop

Copyright 2018, South Bend Tribune






Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR


Software © 1998-2018 1up! Software, All Rights Reserved