Industry Overview
RV Market Update
Based on RV shipments, forecast, and industry indicators, 2017 looks to be headed for another record year. Dealers have expressed optimism heading into the winter season as they look to carry the strong sales momentum seen over summer and fall. Everyone will undoubtedly be preparing for the colder winter season which will put downward pressure on used values.
We see the market softening for large fifth wheels. This is mainly due to slower inventory turn-over and continued interest in the smaller, lighter, and more functional trailers. This has helped buoy used travel trailer prices. We’ve also seen six months of increased values for truck campers, camping trailers, and park models. Used values will begin to decrease as we enter the slower and colder months.
As we head into winter, there are some headwinds to keep an eye on. California will see fuel prices increase by .12 cents by Nov. 1, 2017, gas prices overall are higher than last year, and interest rates will edge higher. With that said, business conditions continue to support a robust RV market with low unemployment, consumers feeling good about the economy, low interest rates, and inflation in check. This has dealers feeling extremely upbeat that 2017 will be another banner year!
J.D. Power
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