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New data suggests it’s been a strong year for the RV aftermarket and feelings are generally positive for 2017, according to an RVAA member survey conducted last month.
- 96 percent of all respondents report their 12-month net earnings (after taxes) in the RV aftermarket were higher, or about the same, compared to the previous year. The majority (64 percent) reported higher net earnings, and 32 percent reported being flat. Only 5 percent indicated a decline.
- More aftermarket suppliers (73 percent) than distributors (60 percent) reported higher net earnings in 2016.
- Looking ahead to next year, nearly 7 in 10 respondents believe business conditions will be about the same in 2017, while about a quarter feel things will be even better. Five percent believe conditions will be worse over the next 12 months.
- Distributors are slightly more bullish about 2017, with 40 percent of respondents in that category indicating they expect next year to be even better, compared to 20% of suppliers who feel the same.
- Meanwhile, nearly three-quarters of suppliers, and 60 percent of distributors, believe 2017 will be on par with this year.
- The majority of all respondents (54 percent) are uncertain about whether conditions are right to expand their business over the next 12 months, but about one-third believe they are. Only 9 percent are certain conditions are not agreeable to expanding in 2017.