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| Above, The Beast at Circus Circus RV Park. Photo by Armand Vaquer. |
The prices of goods and services are generally governed by the law of supply & demand.
For months, prices of resale RVs have risen as the demand for them also rose. Now, it appears that prices of resale RVs have gone back to "normal" and have dropped.
According to an article in RV Travel:
For the first time in a very long time, the wholesale prices of RVs are behaving like they used to.
The new information comes from Black Book, a company that sources and integrates vehicle history report data and then analyzes millions of vehicle transactions to track valuations.
“For the first time in quite a while all of the RV market segments we track behaved in a way that would be expected in a ‘normal’ year, with the values of both motorized and towable units declining at wholesale auction as we head into winter,” said Eric Lawrence, Principal Automotive Analyst for Specialty Vehicles at Black Book. “With RV manufacturers setting new production records month after month, it’s possible that the supply of used units is finally catching up with the demand.”
To read more, go here.
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