How To Estimate Your RV's Value

Above, this one should be easy to estimate. Photo by Armand Vaquer.

Are you one of those thinking about selling your RV, either for upgrading to a bigger and better model or for health reasons? The main problem is that you don't know how much your RV is worth and are in a quandary about setting an asking price.

Well, you're in luck! RV Life has an article on how to estimate your RV's value.

They begin it with:

If you’re thinking of selling your RV at some point in the next year, now might be the best time to do it. 

First, there’s significant pressure in the RV industry to keep the RV pipeline full. There has been a significant rise in interest in RVing since the pandemic altered the way people travel and recreate, which has increased the demand for RVs. Additionally, according to friends in the industry, there have been many supply chain problems, with scarcity of some RV components causing production delays. It’s a sobering thought that a production line can be stalled for the need of just a few components. 

I’ve heard of some RV manufacturers that have not been able to deliver finished RVs because they’re waiting for slide covers, or drivers’ seats, or windows. The rest of the RV is finished but these parts are on back order.  That puts the finished RV on back order with the RV dealers, and that in turn impacts RV buyers.

There’s an increase in demand and constraints on supply, which increases the price of what products are in the market.  If you have an RV that you’re willing to sell, you can take advantage of these market conditions. The price you may be able to put on your rig now may be higher than it’s been for a few years even though your RV is a year or two older now. 

To read more, go here.