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 > What the heck? I thought motorhomes lost value fast!!

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BB_TX

McKinney, Texas

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Posted: 03/06/21 06:21pm Link  |  Quote  |  Print  |  Notify Moderator

Increased demand has caused used values to rise. NADA values my 5er about $2K more now than a year ago. But, as mentioned, asking price is not necessarily the price they will receive.

ReneeG

Meridian, Idaho

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Posted: 03/06/21 07:03pm Link  |  Quote  |  Print  |  Notify Moderator

Agree. I've been looking out of curiosity for what's out there when we decide to trade in our towable for a motorized. I saw a 2015 Four Winds Super C Diesel for $104,995!


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Bruce Brown

Northern NY

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Posted: 03/06/21 07:09pm Link  |  Quote  |  Print  |  Notify Moderator

COVID has screwed everything up. Markets are messed up, valuves are messed up, selling prices are messed up.


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GTO66

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Posted: 03/06/21 07:28pm Link  |  Quote  |  Print  |  Notify Moderator

Since covid happened its a sellers market. Home prices are way up here and a lot of times its a biding war.

Bionic Man

Colorado

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Posted: 03/06/21 08:13pm Link  |  Quote  |  Print  |  Notify Moderator

Yep. Absolutely a COVID thing. New RV production went down last year (just like many things). And with air travel so........difficult right now, people are looking for other ways to recreate.

Any "toy" is stupid high in price. RVs, boats, ATVs, sports cars, you name it. At some point (hopefully soon), things will change and values will go back down to reality. My guess is maybe this time next year, but not likely sooner.


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way2roll

Wilmington NC

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Posted: 03/07/21 05:45am Link  |  Quote  |  Print  |  Notify Moderator

Bionic Man wrote:

Yep. Absolutely a COVID thing. New RV production went down last year (just like many things). And with air travel so........difficult right now, people are looking for other ways to recreate.

Any "toy" is stupid high in price. RVs, boats, ATVs, sports cars, you name it. At some point (hopefully soon), things will change and values will go back down to reality. My guess is maybe this time next year, but not likely sooner.


I agree. Covid shut down conventional travel and everyone started gobbling up RV's. Demand is very high. Supply chains broke down and RV production dropped off so supply is low. I think once things get back to normal we'll see the market saturated with used RV's and prices will fall off.

It's also affecting reservations at CG's. Places we usually have no problem just showing up are booked solid months in advance. There are More Rv'ers than ever - more than CG's sites. My friend calls them COVID Campers.


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valhalla360

No paticular place.

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Posted: 03/07/21 07:42am Link  |  Quote  |  Print  |  Notify Moderator

JaxDad wrote:

A 50+ year old farm tractor like mine sold recently near here for a little over THREE times what my grandfather paid for mine when it was new.

Depreciation is a non-existent thing today.


That's a little different situation. Depreciation eventually bottoms out and then the underlying condition and value of the item takes priority. Depreciation probably maxed out on your tractor at around 15-20yrs. After that inflation started pulling it back up relative to the non-inflation adjusted original price.

Of course a good tractor can be completely functional at 50yrs, so it retains a good underlying value.

Your average run of the mill 1970 RV in typical condition has a underlying value of a few dollars based on the scrap metal.

But to the OP's original post, once you update that to actual sales prices, 5yrs is likely resulting in 30-50% reduction in prices. Pretty typical depreciation.


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rgatijnet1

Florida

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Posted: 03/07/21 08:05am Link  |  Quote  |  Print  |  Notify Moderator

The last Class A that I bought cost the seller over $10,000 to get out from under his loan. He had tried, without success, to sell it for 6 months and finally decided to take his loss and accepted my cash offer.

BurbMan

Noblesville, IN

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Posted: 03/07/21 09:15am Link  |  Quote  |  Print  |  Notify Moderator

Everybody seemed to latch onto RVing as the best way to socially distance while on vacation, dealers can't keep units on their lots. Camping World is running an ongoing campaign on FB saying "Why store it when you can sell it? We will buy your RV!" 2020 was the best *ever* year for RV sales even though the industry lost a few months of production.

Consensus seems to be that by 2022 the RV market will flip to being a buyers' market as many of the folks that bought RVs in the covid period decide that they don't like RVing and look to unload their lightly-used units.

If you don't have to buy right now, wait another year and you'll get a much better deal.


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ferndaleflyer

everywhere

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Posted: 03/07/21 11:13am Link  |  Quote  |  Print  |  Notify Moderator

When they decide to dump that big fat payment book will still be there ruining most of the good deals.

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