The Canadian Recreational Vehicle Association (CRVA) reported that RV wholesale shipments into Canada for the third quarter ending Sept. 30 totaled 5,552 units compared to 4,459 units in 2023, representing an increase of 24.5% year over year.
According to Statistical Surveys, RVDA of Canada reported that retail activity during the third quarter totaled 10,826 units, and when compared to the wholesale shipment figure of 5,552 units, Canadian RV dealer inventory levels significantly decreased during the period, which would be considered normal historically.
The positive trend for the quarter contributed to a YTD shipment increase of 15.1%, 22,860 units YTD in 2024 vs. 19,865 units in 2023. Lower borrowing costs have made RV ownership more accessible, further fueling demand.
Fall RV shows across Canada attracted substantial consumer interest, facilitated dealer-consumer connections and generated increased sales, providing a boost to the industry.
Looking ahead to the fourth quarter, CRVA anticipates continued steady demand as dealers replenish inventory to meet end-of-year and stocking for early RV shows in the new year.
With continued consumer interest, favorable financing conditions and the positive momentum seen from Fall RV shows across Canada, the Canadian RV industry is well-positioned for more growth in 2025.
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