JD Power Report: RV Values Continued to Decline in Q4 ’24 – RVBusiness – Breaking RV Industry News
EDITOR’S NOTE: JD Power released its 2024 Year-End RV Market Report. Below is the overview. Click here to download the complete report.
Overall, values continued to decline in the 4th quarter and are following seasonal patterns as they did in the previous year. Except for fifth wheel trailers, values for all other RV types were notably lower than the previous year.
Looking at individual segments, the most recent 10 years of Standard Hitch trailer values averaged 5.3% lower in the November-December period compared to September-October, and 3.6% lower year-over-year.
Fifth Wheel units averaged 5.6% lower in November- December compared to September-October, and 1.5% lower year-over-year. In the Motorhome segment, Class A vehicles averaged 4.2% lower in November-December compared to September-October, and 1.5% lower year- over-year. Class C motorhomes averaged 4.8% lower in November-December compared to September-October, and 4.7% lower year-over-year. Camping Trailer values were 6.5% lower in November-December compared to September-October and 8.4% lower year-over-year. Truck Campers averaged 3.4% lower in November-December compared to September-October and 4.7% lower year- over-year. Depreciation in the second half of 2024 was generally higher than in 2023.
