Positive RV Industry Trends

10 May 2016 12:50 PM | KOA Owners Association (Administrator)

Drew Industries Sees Positive RV Industry Trends

May 10, 2016 by Justin Leighty

Drew Industries Inc.’s CEO Jason Lippert discussed some of the high-level trends driving the company’s sales and earnings growth.  “It’s an exciting time in the RV business...” Lippert said. "It’s a great time to celebrate as the RV industry continues to gain momentum.  We credit this continued industry growth to significant new product choices and price points as well as the great advertising of the lifestyle by the industry. Most notably, a younger demographic seems to favor the RV lifestyle as many companies and studies have recently pointed out,” he continued. “There has been a lot of talk and confirmation that younger buyers, specifically Millennials, are finding the RV lifestyle to be an attractive choice.”

The growth of entry-level travel trailers, Lippert suggested “is a long-term positive from the standpoint that we’re definitely bringing more people into the lifestyle and it will pay off down the road.” Growth was led by a strong performance in the RV industry.

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