Lower unemployment, low fuel prices, and low interest rates helped to propel RV sales in 2015 to 374,246 units sold, a 4.9% increase over 2014 according to RVIA. Dealer feedback over the past several months supports the industry consensus that the market is still very robust. Fuel prices dropped dramatically from 2014 to 2015 and are projected to drop slightly in 2016.
Overall, dealers have said this mild winter has kept them busier than normal. Spring is fast approaching and with it we expect the usual inventory buildup. With 2016 off to a spectacular start, used values should also stay healthy.
The demand for Class B Motorhomes over the past couple of years has resulted in a steady increase in used values which reached its peak over the summer and fall months. Overall, we’ve seen a healthy increase in towable and motorized units in 2015.
|Category||Body Type||Used Wholesale Trade-In||Used Retail|
|Camping Trailer||All||↓ -7.0%||↑ 0.9%|
|Motorhome||Micro Mini Motorhome (Class C)||↓ -3.7%||↓ -1.3%|
|Motorhome||Mini Motorhome (Class C)||↑ 2.9%||↑ 7.0%|
|Motorhome||Motorhome (Class A)||↓ -1.2%||↑ 3.3%|
|Motorhome||Towing Motorhome (Class A)||↓ -7.2%||↓ -2.6%|
|Motorhome||Van Motorhome (Class B)||↑ 16.5%||↑ 19.6%|
|Park Model||All||↑ 0.3%||↑ 5.1%|
|Travel Trailer||Fifth Wheel||↑ 2.7%||↑ 7.7%|
|Travel Trailer||Standard Hitch||↓ -0.5%||↑ 4.9%|
|Truck Camper||All||↓ -4.0%||↑ 2.9%|
The NADAguides recreational vehicle data is based on national averages; however, our analysts recognize the significance of regional variance by unit type. The following charts represent consumer traffic based on four regions. Traffic percentages for 2013 and 2014 are offered as a comparison to the 2015 traffic.
A view of the national average fuel prices and year-over-year change is supplied to provide support for longer-term strategic planning.
J.D. Power makes no representations about future performance or results based on the data and the contents available in this report (“Market Insights”). Market Insights is provided for informational purposes only and is provided AS IS without warranty or guarantee of any kind. By accessing Market Insights via email or the NADAguides website, you agree not to reprint, reproduce, or distribute Market Insights without the express written permission of National Appraisal Guides, Inc.
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