Canadian Recreational Vehicle Association
Wholesale Shipment Report into Canada for the Third
Quarter and YTD Ending September 30th, 2024
A Special Report from our friends at CRVA
The Canadian Recreational Vehicle Association reports that RV Wholesale Shipments into Canada for the 3rd Quarter ending September 30th, 2024 totalled 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 3rd Quarter totalled 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 as expected.
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 fuelling 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 4th quarter, we anticipate 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, favourable financing conditions, and the positive momentum seen from Fall RV shows, the Canadian RV industry is well-positioned for further growth into 2025.
Canadian RV Association
1100 Burloak Dr, #300
Burlington, Ontario L7L 6B2
Office: (905) 315-3156
Website: www.crva.ca
Email: info@crva.ca
