J.D. Power: RV Valuations See Seasonal Slide in Q3 Report – RVBusiness – Breaking RV Industry News
Valuations turned downward in the 3rd quarter, following a typical seasonal pattern, according to J.D. Power’s 2024 3rd Quarter Market Insights Report. 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.
J.D. Powers’ 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.
J.D. Power is the largest publisher of the most market-reflective vehicle pricing and information available for new and used cars, classic cars, motorcycles, boats, RVs and manufactured homes, offers in-depth shopping and research tools including a broad range of data, products and service and informational articles as well as tips and advice. J.D. Power also produces electronic products, mobile applications, raw data, web services, web-syndicated products and print guidebooks.
