2024 Q3 Market Insights Recreational Vehicles
RV MARKET INDUSTRY OVERVIEW
Valuations turned downward in the 3rd quarter, following a typical seasonal pattern. Aside from Camping Trailers and Truck Campers, values are similar to this time last year.
Looking at individual segments, the most recent 10 years of Standard Hitch trailer values averaged 5.8% lower in the September-October period compared to July-August, and 3.6% lower year-over- year. Fifth Wheel units averaged 4.8% lower in September-October compared to July-August, and 0.2% higher year-over-year. In the Motorhome segment, Class A vehicles averaged 3.3% lower in September-October compared to July-August, and 1.7% higher year-over-year. Class C motorhomes averaged 4.4% lower in September-October compared to July-August, and 2.8% lower year-over-year.
Camping Trailer values were 7.9% lower in September-October compared to July-August and 10.9% lower year-over-year. Truck Campers averaged 4.0% lower in September-October compared to July- August and 5.8% lower year-over-year.
Our second-half valuation declines are on pace with last year. Inventories and customer demand continue to move in the wrong direction, but market conditions are manageable at present.
