Editor's Note: This article is part of Inc.'s weekly report on business niches in partnership with financial information company Sageworks.

Motor home dealers have been on something of a joyride since 2011.

The recreational vehicle dealers industry has seen sales growth and net profit margins increase for the third straight year, following a 23 percent drop in the growth rate after the recession, according to Sageworks.

“The data show that demand and sales performance for this industry are clearly elastic and tied to economic performance," says Sageworks analyst Libby Bierman. "Since the recession ended, consumers likely feel more comfortable purchasing goods like an RV, which is why we have seen sales rebound with double-digit growth.” 

Sageworks' most recent data from December 2014 show the industry is currently achieving higher net profit margins than at any point since 2008.

“As consumer confidence has strengthened since the recession, Americans may be more willing to make the large investment in a recreational vehicle," says Sageworks analyst Jenna Weaver, adding that banks may also be more willing to finance such a purchase.

According to the Recreational Vehicle Industry Association, all RV product segments are projected to see increased sales, with advances in conventional travel trailers and fifth wheel trailers leading the industry. The group estimates total shipments will surpass projected 2014 totals by 3.9 percent.

While RV manufacturer Winnebago recently reported disappointing quarterly results, falling oil prices are expected to have a positive impact on RV sales, Winnebago CEO Randy Potts recently said on CNBC’s Squawk Box.

“There are a lot of things that drive it and everything’s aligning in favor of the RV industry,” he said, adding that aging baby boomer population is also helping.

"The outlook for this industry is positive," Weaver says. "But the strain from the recession may still remain in the minds of the dealers who are leading this charge.”

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