J.D. Power has released its year-end NADAguides Market Insights report, and it tells the story of an industry that had a year unlike any it has ever had.
“RVs exploded in popularity in 2020 and 2021. It didn’t take long for new and used vehicle inventory to dry up, as ongoing parts shortages curtailed production. Buyers new to the category got used to high pricing in 2021.
“Looking at individual segments, the most recent 10 years of standard hitch travel trailer values averaged 32.8 percent higher in calendar-year 2021 compared to 2020, and 42.5 percent higher than 2020. Fifth wheel units averaged 25.9 percent higher year-over-year, and 43.2 percent higher than 2019. Class A motorhome values averaged 19.7 percent higher year-over-year, and 25.6 percent higher than 2019. Class C motorhome values averaged 25.3 percent higher in 2021 than 2020, and 32.1 percent higher than 2019. Camping trailers brought 36.8 percent more money year-over-year, and 40.3 percent more than 2019. Truck camper values averaged 30.5 percent higher in 2021 than 2020, and 39.8 percent higher than 2019.
“New and used vehicle supply still lags demand and will continue to into the spring selling season. Expect continued strong pricing in the 1st quarter,” the company said.
