Class C RV cost in the Covid era...
Class C RV cost in the Covid era...
Here is a good data point for USED RVs for anyone interested...
(I haven't shopped for NEW RVs so I don't know about that market...perhaps someone else here can comment on that.)
In Feb 2019 (pre-Covid), I bought two 2015 Class C Thor Majestic 28a renovated units from Cruise America. Each had ~115,000 miles. One I paid $26,750 and the other one I paid $25,000 (from someone who purchased it from Cruise America 2 months prior but decided it wasn't for them).
Assumption: Cruise America, the largest renter/seller of RVs in the world, knows what the current market for RVs is...
Today, Cruise America sells their used 2017 Thor Majestic 28a renovated units with ~125,000 miles for $44,300. Newer RVs (2017 vs 2015) but more slightly miles.
The interior/etc of these units is just about identical.
$44,300 vs $26,750. Today's price is 66% higher!
I would NOT be in a hurry to buy an RV in this market. In the USA, we are almost done with Covid (...anyone who wants to get vaccinated can now be vaccinated). Everything is opening up. Hotels/airlines/resorts. I have to imagine prices will drop significantly. Maybe not all the way down to pre-Covid levels, but hopefully just 10-15% higher than pre-Covid levels. That means they are probably due for a 30-40% price drop over the next 3 months to 3 years (....who knows?...)
Seems like a great time to just RENT an RV for your vacations over the next year. That's what I would do (...unless you plan on camping more than 50-100 days during the next year or two which most people won't).
Side note: Beware used RV sale scams....they seem to be on the rise!
Good luck!
Chris
Here is a good data point for USED RVs for anyone interested...
(I haven't shopped for NEW RVs so I don't know about that market...perhaps someone else here can comment on that.)
In Feb 2019 (pre-Covid), I bought two 2015 Class C Thor Majestic 28a renovated units from Cruise America. Each had ~115,000 miles. One I paid $26,750 and the other one I paid $25,000 (from someone who purchased it from Cruise America 2 months prior but decided it wasn't for them).
Assumption: Cruise America, the largest renter/seller of RVs in the world, knows what the current market for RVs is...
Today, Cruise America sells their used 2017 Thor Majestic 28a renovated units with ~125,000 miles for $44,300. Newer RVs (2017 vs 2015) but more slightly miles.
The interior/etc of these units is just about identical.
$44,300 vs $26,750. Today's price is 66% higher!
I would NOT be in a hurry to buy an RV in this market. In the USA, we are almost done with Covid (...anyone who wants to get vaccinated can now be vaccinated). Everything is opening up. Hotels/airlines/resorts. I have to imagine prices will drop significantly. Maybe not all the way down to pre-Covid levels, but hopefully just 10-15% higher than pre-Covid levels. That means they are probably due for a 30-40% price drop over the next 3 months to 3 years (....who knows?...)
Seems like a great time to just RENT an RV for your vacations over the next year. That's what I would do (...unless you plan on camping more than 50-100 days during the next year or two which most people won't).
Side note: Beware used RV sale scams....they seem to be on the rise!
Good luck!
Chris
