The business climate in the U.S. is ideal for the RV industry, as gas prices continue to remain low, inflation is in check, interest rates are near historic lows, and the unemployment picture continues to improve. Current market indicators show that we continue to be in a hot market, which is supported by input from our dealer network. RV sales for the first two months of 2016 was nothing short of spectacular and leads us to believe the rest of 2016 will continue to be a banner year.
Prices are expected to stay steady through the summer months which should help to propel sales in 2016 to 381,100 units, as forecasted by RVIA. All of these factors indicate 2016 will be a profitable year.
In the coming months van motorhomes and pop-ups should see an uptick in used values with truck campers extending their appreciation. Motorhomes, trailers, and park models will continue to see downward pressure. Used retail values across the board saw a decrease from edition-to-edition, with the exception of truck campers.
|Category||Body Type||Used Wholesale Trade-In||Used Retail|
|Camping Trailer||All||↑ 0.3%||↓ -1.5%|
|Motorhome||Micro Mini Motorhome (Class C)||↓ -0.1%||↓ -0.1%|
|Motorhome||Mini Motorhome (Class C)||↓ -0.1%||↓ -0.8%|
|Motorhome||Motorhome (Class A)||↓ -3.0%||↓ -3.5%|
|Motorhome||Towing Motorhome (Class A)||↓ -1.8%||↓ -2.3%|
|Motorhome||Van Motorhome (Class B)||↓ -1.9%||↓ -3.0%|
|Park Model||All||↓ -0.8%||↓ -1.9%|
|Travel Trailer||Fifth Wheel||↓ -1.4%||↓ -2.1%|
|Travel Trailer||Standard Hitch||↓ -1.3%||↓ -2.0%|
|Truck Camper||All||↑ 2.1%||↑ 1.6%|
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 2014 and 2015 are offered as a comparison to the year-to-date 2016 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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