IndianaLocalNews

Economists warn falling RV sales signal impending recession

Jeremy Burba, a sales manager at Camping World RV Sales in North Little Rock, Ark., walks past new motor homes parked at the dealershipTuesday, Dec. 2, 2014. Recreational vehicle shipments from manufacturers to dealers are expected to increase by nearly 4 percent in 2015, (AP Photo/Danny Johnston)

ELKHART, Ind. (AP) — Economists are warning that a downturn in shipments of recreational vehicles from the northern Indiana “RV Capital of the World” suggests an impending recession.

RV Industry Association data shows more than 80% of recreational vehicles sold in the U.S. are produced in Indiana, and roughly 65% of those come from Elkhart County.

The Indianapolis Star reports that wholesale shipments of RVs are down 20% so far this year. Companies such as Elkhart-based Thor Industries Inc. have slashed output and cut back the work week to slow production.

Ball State University economist Michael Hicks says consumers don’t buy RVs and other big-ticket items when money is tight, so economists watch for declines in the RV sector and a slowdown in auto sales as signals of a contracting U.S. economy.

Related posts

South Bend man sentenced to 144 months in prison for meth distribution

95.3 MNC

95.3 MNC’s Weekend Community Calendar

Alyssa Foster

Three people from Mexico killed in crash on State Road 15 south of New Paris

Jon Zimney

Leave a Comment