Costa Mesa, Calif.-based J.D. Power, a data analytics and consumer intelligence firm, has published a first-quarter overview of RV price trends, based on information gleaned from NADAguides. The following is the company’s introduction to its report.
The first quarter was red-hot for all segments of the RV and travel trailer industries. Shortages of new vehicles are pushing values of used units to historically high levels, just as travel season opens up nationwide.
Looking at travel trailers, standard hitch values are averaging a whopping 34.6 percent higher in Q1 2021 compared to Q1 2020. Fifth wheel units are also crushing the year-over-year comparison, running 28.7 percent ahead in 2021.
Motorhomes are looking strong, with Class A vehicles coming in 22.3 percent higher year-over-year, and Class C units 24.9 percent higher.
Smaller vehicles are having a great first quarter, with camping trailers averaging 35.5 percent more money in 2021, and truck campers 29.3 percent ahead.
The shortage of new vehicles combined with encouraging employment and consumer spending data point to elevated values for used RVs and travel trailers for at least the next few months.