A new report from J.D. Power Specialty Valuation Services found all RV segments’ values rose strongly in the third quarter from a year earlier.
Travel trailers reached an average retail value of $27,380 in September-October, a 39.1% year-over-year increase. Fifth-wheel vehicles averaged $52,843, a 30.5% higher retail value this quarter.
“New RVs are hard to find, and the part shortage is contributing to it,” said Lenny Sims, vice president of business development and strategy at J.D. Power Specialty Valuation Services. “This presents a unique opportunity for the used RV marketplace, where dealers should be able to sell a vehicle at a substantial profit and be able to do so quickly. Smaller vehicles are commanding amazing prices, with camping trailers averaging 39% more money during this time period.”
Motorhome values also increased from the same period in 2020. J.D. Power reported Type A motorhome values rising 17.2% in the third quarter from a year earlier. Type C motorhome values rose 28.7% from the same period a year ago.
“The parts shortages that have curtailed new vehicle production this year will most likely be in place through the end of the year and into the spring,” Sims said. “Expect pricing for used RVs to remain very strong as long as this situation lasts.”