News

A 2020 year-end review on RV market insights by leading consumer insights and data provider J.D. Power has revealed used motorhome values have steady increased in the United States over the last year. Air travel restrictions due to the coronavirus pandemic and a lack of new inventory have been cited as the main causes of this trend.

In its free quarterly report, J.D Power noted that Class C used motorhome values increased at a strong, steady rate throughout 2020, Class A used motorhome values decreased overall in November 2020 and there was a surge in RV traffic views in May 2020.

“Every segment of our industry saw values increase in 2020, with most segments not seeing any seasonal pullback in values,” said Lenny Sims, vice president business development and strategy at J.D. Power Specialty Valuation Services. “Standard hitch units brought 7.4% more revenue in 2020 than in 2019, and that gap widened in the second half of the year. Fifth-wheel units had already started the year strong before the pandemic hit, and the segment really took off as the year progressed, averaging 13.7% more revenue year over year.”

Download the free 2020 Year-End Review Recreational Vehicle Market Insights.

J.D. Power Specialty Valuation Services (formerly NADAguides) is a leading provider of specialty vehicle valuation products and services to businesses. The team collects and analyzes tens of thousands wholesale and retail transactions per month, and delivers a range of guidebooks, web service data, analysis and digital data solutions.

J.D. Power is a global leader in consumer insights, advisory services and data and analytics. A pioneer in the use of big data, artificial intelligence (AI) and algorithmic modeling capabilities to understand consumer behavior, J.D. Power has been delivering incisive industry intelligence on customer interactions with brands and products for more than 50 years. The world's leading businesses across major industries rely on J.D. Power to guide their customer-facing strategies.