| The United States has a vast topography including, | | | | the way for banking and financial institutes to help |
| beaches, forests and mountains. This prompts an | | | | provide lower interest rates and longer loan tenures |
| increasing number of people to go for short holidays, | | | | in a number of RV loans. This leniency and availability |
| either for recreational purposes or to cope with | | | | of low interest rates has in turn, increased RV sales. |
| stressful lifestyles. Recreational vehicles are | | | | The Recreation Vehicle Industry Association (RVIA) |
| considered to be a perfect getaway for weekend | | | | monitors the RV industry very closely. Their reports |
| and short domestic trips to neighboring cities. The | | | | conclude that RV sales have increased considerably |
| increase in demand for these vehicles has resulted in | | | | since the beginning of this decade. RV producers and |
| an increase of RV sales. | | | | businesses are continuously increasing production to |
| Recreational vehicles come fitted with basic sleeping, | | | | cope with consumer demand. RV sales reports and |
| toilet and cooking amenities. They can accommodate | | | | statistics showed an increase in shipments up to 16.1 |
| a number of people and are considered a safe and | | | | percent in 2002 as compared to 12.4 percent in 2001. |
| comfortable holiday vehicle. A lot many people are | | | | Production capacities for manufacturers and |
| also opting for used recreational vehicles. This has | | | | businesses have increased in this decade. Improved |
| directly caused a positive growth in the RV sales | | | | RV sales have helped the industry grow in all aspects. |
| chart. | | | | The positive outcome of augmented RV sales has |
| Reports have revealed that RV loans have almost | | | | resulted in hiring new workers and launch of new |
| always been paid in full. A very minimal percentage of | | | | assembling units. Expansion of existing plants and |
| RV loans have been delinquent. This trend has paved | | | | building of new facilities are also being encouraged. |