Global Recreational Vehicles Market Will Reach USD 64.25 Billion By 2024 (Global News Wire)
Zion Market Research has published a new report titled “Recreational Vehicle Market by Motorized RVs (Type A, Type B, and Type C), by Towable RVs (Travel Trailer, Fifth Wheel Trailer, Folding Camping Trailers, Truck Campers, and Park Model), and by Application (Industrial, Commercial, and Residential): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2024’’. According to the report, the global recreational vehicles market was valued at around USD 38.48 billion in 2017 and is expected to reach approximately USD 64.25 billion by 2024, with a CAGR of 7.6 % between 2017 and 2024.
Recreational vehicles are transportable living spaces to avail maximum luxury and comfort while traveling. They are also called motorized homes. They have excellent fuel efficiency and storage capability. New trends and ongoing innovations have transformed the conventional recreational vehicle market, as they are available in various lengths and sizes depending on per their storage capacity.
Rising preferences for private mode of transportation with reference to mass transit coupled with continuously growing entertainment and comfort options in motorhomes is the major factor propelling the recreational vehicle market. Alternatively, government regulations for the use of RVs (recreational vehicles) in various regions are a serious factor that might limit the market. Nonetheless, advanced gadgets and innovative features can spur this market in the future.
CDK Global Integrates J.D. Power’s NADAguides Data for Powersports Dealers (Auto Remarketing)
While much of the country currently is gripped by a wintry-like chill, CDK Global is collaborating with J.D. Power’s NADAguides to help dealers turn units especially for times when sunshine and warm temperatures return.
On Monday, CDK Global announced the integration of the division of J.D. Power and its NADAguides vehicle pricing data and information with Lightspeed EVO Dealer Management System (DMS). The integration is designed to provide recreation dealers using CDK Lightspeed EVO DMS with access to critical vehicle data and information for RVs, boats, all-terrain vehicles (ATVs), motorcycles and other powersports vehicles listed on NADAguides directly through their DMS.
“This integration will give our recreation dealers fast and easy access to the critical vehicle data available through NADAguides directly through their DMS,” said Kris Denos, vice president and general manager of recreation and heavy equipment at CDK Global.
RumbleOn Closes Acquisitions Of Wholesale Entities For Offering Expansion (Seeking Alpha)
RumbleOn (RMBL) announced and has subsequently closed on the acquisitions of Wholesale and Wholesale Express for $23 million.
Mount Juliet, Tennessee-based Wholesale was founded in 1991 to distribute new and used cars, trucks, vans, and SUVs, as well as provide parts distribution, repair, maintenance, and financing solutions to customers.
Wholesale operates as a distributor of pre-owned automobile vehicles in the United States.
With the acquisitions, RMBL is adding significant reach to its existing online marketplace.