market reports

2022 Q1 RV Market Industry Report

By Specialty Division

Seasonality was somewhat more pronounced in early 2022 than in the previous two years. This dynamic was also present in other specialty vehicle segments. Economic conditions continue to evolve, and it is likely the consumer is responding to some extent.

Looking at individual segments, the most recent 10 years of standard hitch travel trailer values averaged 5.6% higher in the 1st quarter of 2022 compared to the 4th quarter of 2021. Year-over- year, standard hitch units brought 30.1% more in the 1st quarter of this year compared to the same period of last year. Fifth-wheel units averaged 3.6% higher this quarter vs. last, and 16.9% higher year-over-year. Class A Motorhome values averaged 6.4% higher this quarter than last quarter, and 16.9% higher in 1Q 2022 vs. 1Q 2021. Class C Motorhome values averaged 4.7% higher in the 1st quarter of 2022 compared to the 4th quarter of 2021, and 25.7% higher in 1Q 2022 vs. 1Q 2021. Camping trailers brought 8.4% more money in 1Q 2022 vs. 4Q 2021, and 34.7% more than 1Q 2021. Truck camper values averaged 5.2% higher in early 2022 than late 2021, and 25.1% higher in early 2022 vs. early 2021.

Late last year, economic changes such as the end of individual stimulus, increasing competition for consumer dollars from the service and travel industries, gas prices, and general

inflation had threatened to impact demand for RV’s. Nonetheless, we had predicted historically strong values would remain in place. Since that last prediction, the Russian invasion of Ukraine has caused those economic factors to accelerate, and we may be seeing some effect in the marketplace. Upcoming weeks will provide more data.

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