Establishments primarily engaged in the retail sale of new and used motor homes, recreational trailers, and campers (pickup coaches). Establishments primarily engaged in the retail sale of mobile homes are classified in Industry 5271, and those selling utility trailers are classified in Industry 5599.
The recreational vehicle (RV) industry, under NAICS 5561, has been experiencing several notable qualitative trends. One significant trend is the increasing consumer interest in outdoor and adventure activities, driven by the desire for social distancing and flexible travel options in the wake of the COVID-19 pandemic. This has led to a surge in demand for RVs as people seek safer, self-contained travel experiences.
Another trend is the shift toward more technologically advanced and sustainable RV models. Consumers are increasingly looking for RVs equipped with smart technology that offers enhanced convenience, entertainment, and connectivity on the road. There is also a growing demand for eco-friendly options, including electric and hybrid RVs, as environmental awareness and regulatory pressures mount.
Furthermore, the demographic of RV owners is broadening, with younger generations, such as millennials and Gen Z, showing a heightened interest in RV ownership. They are drawn to the lifestyle flexibility and the ability to work remotely from various locations. This trend is influencing the design and marketing strategies of RV dealerships to cater to a more diverse and tech-savvy customer base.
Looking ahead, these trends are expected to continue shaping the RV market. The industry may see sustained growth in RV sales and rentals, supported by advancements in technology and a continued emphasis on outdoor lifestyles. However, the industry may also face challenges such as supply chain disruptions and economic fluctuations. Overall, the recreational vehicle sector is poised for dynamic developments in the near future, driven by evolving consumer preferences and technological innovations.
Campers (pickup coaches) for mounting on trucks-retail
Motor home dealers-retail
Recreational vehicle dealers-retail
Recreational vehicle parts and accessories-retail
Travel trailers, automobile: new and used-retail
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.