This summer has been a very busy time for dealers as they ride the wave of strong momentum from Q1 into Q2. Based on industry projections, the RV industry is on track to have its best year on record since 1980. This is supported by the increased NADAguides.com web traffic shown in the values vs. traffic charts in this report.
There are many factors contributing to the RV industry’s growth. Gas prices continue to be relatively low, mortgage rates are near historic lows, auto rates also remain low, inflation is in check, and the unemployment picture continues to improve. Furthermore, we have seen gains in the job market, household incomes are increasing, more baby boomers are retiring or purchasing an RV, and millennials are entering the RV market. Not only has 2016 been a banner year, but 2017 is projecting to be even better than 2016.
Based on our data findings and dealer feedback we will continue to see downward pressure on all used values, with motorhomes and trailers seeing the biggest movements. You can expect to see continued downward pressure for the remaining summer months.
|Category||Body Type||Used Wholesale Trade-In||Used Retail|
|Camping Trailer||All||↓ -2.8%||↓ -1.9%|
|Motorhome||Micro Mini Motorhome (Class C)||↓ -0.2%||↓ -0.2%|
|Motorhome||Mini Motorhome (Class C)||↓ -3.8%||↓ -3.0%|
|Motorhome||Motorhome (Class A)||↓ -5.5%||↓ -4.7%|
|Motorhome||Towing Motorhome (Class A)||↓ -6.8%||↓ -5.9%|
|Motorhome||Van Motorhome (Class B)||↓ -4.9%||↓ -4.0%|
|Park Model||All||↓ -1.6%||↓ -2.5%|
|Travel Trailer||Fifth Wheel||↓ -4.7%||↓ -3.8%|
|Travel Trailer||Standard Hitch||↓ -3.7%||↓ -3.5%|
|Truck Camper||All||↓ -4.5%||↓ -3.9%|
|1.||M-22R-FORD||Winnebago||Class C Motorhome|
|2.||M-59G-RAM||Winnebago||Class B Van Motorhome|
|3.||M-25B-FORD||Winnebago||Class C Motorhome|
|4.||M-31K-FORD||Winnebago||Class C Motorhome|
|5.||M-27Q-FORD||Winnebago||Class C Motorhome|
|5.||M-195BH||Salem by Forest River|
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.
NADAguides.com, the largest publisher of the most market-reflective vehicle pricing and information available for new and used cars, classic cars, motorcycles, boats, RVs and manufactured homes, offers in-depth shopping and research tools including a broad range of data, products and service and informational articles as well as tips and advice. NADAguides.com also produces electronic products, mobile applications, raw data, web services, web-syndicated products and print guidebooks. NADAguides.com is owned and operated by J.D. Power. © J.D. Power and Associates 2020.
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