RVIA Shipments

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RVIA Reports Wholesale Shipments for April

The Recreational Vehicle Industry Association reported wholesale shipments of 31,400 units in April, down 8.5% from the same period in 2007. Motorhomes sales continue to be the hardest hit, down more than a third from 2007 and down for the second consecutive year. Motorhome shipments have been hardest hit because of tightening debt (story) and fuel prices that continue to climb and have broken the $4 per gallon mark. In what may be the only good news in the numbers, shipments have increased sequentially since last November.

According to the RVIA and Dr. Richard Curtin, Director of Consumer Surveys at the University of Michigan, RV shipments will again decline in 2008 due to higher credit standards, falling household wealth, slower growth in real incomes, and diminished consumer confidence. Shipments in 2008 are still expected to be the eighth highest in the past 25 years, totaling approximately 305,000 units. That represents a 13.6% decrease over 2007. Year to date, the actual wholesale shipments are down 11.8% compared with the same period in 2007.

RV Wholesale Unit Shipments 2008

	2008 Q1			Q2			Q3			Q4			YTD
RV Wholesale Units (K)	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
Motorized
Motorhome (Class A)	1.8	1.8	2.3	1.8									7.7
Van Conversion (Class B)	0.2	0.2	0.2	0.3									0.9
Mini-Motorhome (Class C)	1.3	1.5	1.7	1.9									6.4
Motorized Total	3.3	3.5	4.2	4.0									15.0
Towables
Travel Trailers	12.8	14.8	15.9	16.6									60.1
5th Wheels	5.9	6.8	7.4	7.1									27.2
Folding Camper	2.3	2.0	2.0	3.1									9.4
Truck Campers	0.6	0.5	0.6	0.6									2.3
Towables Total	21.6	24.1	25.9	27.4									99.0
RV Total Units	24.9	27.6	30.1	31.4									114.0

	Q1			Q2			Q3			Q4			YTD
RV Wholesale Units (K)	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
Motorized	3.3	3.5	4.2	4.0									15.0
Towable	21.6	24.1	25.9	27.4									99.0
Total Units	24.9	27.6	30.1	31.4									114.0
Source: RVIA 2008

Δ% from Previous Year	2008 Q1			Q2			Q3			Q4			YTD
RV Wholesale Units (K)	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
Motorized
Motorhome (Class A)	-30.8%	-35.7%	-36.1%	-35.7%									-34.7%
Van Conversion (Class B)	-33.3%	-50.0%	-33.3%	50.0%									-25.0%
Mini-Motorhome (Class C)	0.0%	7.1%	-10.5%	0.0%									-1.5%
Motorized Total	-21.4%	-23.9%	-27.6%	-18.4%									-23.1%
Towables
Travel Trailers	-3.0%	-1.3%	-15.0%	-7.3%									-7.3%
5th Wheels	-10.6%	-5.6%	-12.9%	-5.3%									-8.7%
Folding Camper	4.5%	-9.1%	-41.2%	-6.1%									-15.3%
Truck Campers	0.0%	-28.6%	-14.3%	-14.3%									-14.8%
Towables Total	-4.4%	-4.0%	-17.3%	-6.8%									-8.7%
RV Total Units	-7.1%	-7.1%	-18.9%	-8.5%									-10.9%

	Q1			Q2			Q3			Q4			YTD
RV Wholesale Units (K)	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
Motorized	-21.4%	-23.9%	-27.6%	-18.4%									-23.1%
Towable	-4.4%	-4.0%	-17.3%	-6.8%									-8.7%
Total Units	-7.1%	-7.1%	-18.9%	-8.5%									-10.9%
Source: RVIA 2008

RV Wholesale Unit Shipments 1995 - 2007

	Calendar Year													Annual Growth Rate
RV Wholesale Units (K)	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	1 Year	5 Year	10 Year
Motorized
Motorhome (Class A)	33.0	36.5	37.6	42.9	49.4	41.0	33.4	39.6	41.5	46.3	37.9	32.4	32.9	1.5%	-3.6%	-1.3%
Van Conversion (Class B)	4.1	4.1	3.8	3.6	3.6	3.4	2.6	2.8	2.1	2.5	2.6	2.8	3.1	10.7%	2.1%	-2.0%
Mini-Motorhome (Class C)	15.7	14.7	13.6	17.0	18.6	16.5	13.2	18.0	18.3	23.0	20.9	20.9	19.4	-7.2%	1.5%	3.6%
Motorized Total	52.8	55.3	55.0	63.5	71.6	60.9	49.2	60.4	61.9	71.8	61.4	56.1	55.4	-1.2%	-1.7%	0.1%
Towables
Travel Trailers	75.3	75.4	78.8	98.6	117.5	114.5	102.2	129.7	139.8	163.6	201.6	216.8	180.2	-16.9%	6.8%	8.6%
5th Wheels	45.9	48.5	52.8	56.5	60.5	62.3	54.7	66.1	74.6	91.0	84.8	87.4	81.5	-6.8%	4.3%	4.4%
Folding Camper	61.1	57.3	57.6	63.3	60.1	51.3	40.8	44.8	35.7	34.1	32.8	33.7	28.8	-14.5%	-8.5%	-6.7%
Truck Campers	11.9	11.0	10.3	10.8	11.5	11.1	9.9	10.0	8.8	9.6	8.8	8.7	7.5	-13.8%	-5.6%	-3.1%
Towables Total	194.2	192.2	199.5	229.2	249.6	239.2	207.6	250.6	258.9	298.3	328.0	346.6	298.0	-14.0%	3.5%	4.1%
RV Total Units	247.0	247.5	254.5	292.7	321.2	300.1	256.8	311.0	320.8	370.1	389.4	402.7	353.4	-12.2%	2.6%	3.3%

	Calendar Year													Annual Growth Rate
RV Wholesale Units (K)	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	1 Year	5 Year	10 Year
Motorized	52.8	55.3	55.0	63.5	71.6	60.9	49.2	60.4	61.9	71.8	61.4	56.1	55.4	-1.2%	-1.7%	0.1%
Towable	194.2	192.2	199.5	229.2	249.6	239.2	207.6	250.6	258.9	298.3	328.0	346.6	298.0	-14.0%	3.5%	4.1%
Total Units	247.0	247.5	254.5	292.7	321.2	300.1	256.8	311.0	320.8	370.1	389.4	402.7	353.4	-12.2%	2.6%	3.3%