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The American road trip is making a comeback during the COVID-19 pandemic, and recreational vehicle (RV) sales are rocketing higher as a result. According to data compiled by research firm ITR Economics on behalf of the RV Industry Association, 2021 RV shipments are expected to be in the ballpark of 576,000 units. That’s a 14% increase over the previous RV unit sales record set in 2017.
Currently, some 11.2 million U.S. households own an RV. That number could continue to rise. According to some surveys, those aged 18 to 34 show some of the strongest interest in purchasing an RV or taking a recreational vehicle vacation.
This is no small niche within the auto and retail industries. RV stocks could provide some powerful investment returns in the next few years as U.S. vacationing adapts to a post-pandemic world.
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