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Will RV Prices Go Down In 2022?


RVs closeup at dealer - feature image for Will RV Prices Go Down
Will RV prices go down in 2022?

When Will RV Prices Go Down?

Anyone looking for a new (or used) RV these days is in for a shock when they ask about RV prices. The cost of an RV is at an all-time high after 2 years of pandemic-fueled price increases. The pandemic created unprecedented demand for RVs for 3 main reasons:

  • RV travel and vacations were seen as a solution to pandemic travel restrictions. This included both air travel for holidays or even work-related trips. RVs also provided a perfect way to isolate and social distance while enjoying a family vacation.
  • Many jobs became remote. During the pandemic, employers and employees both realized that many positions no longer require the physical presence of employees. Widespread use of virtual meeting platforms like Zoom and Google Hangouts made it possible for many jobs to be performed from wherever employees have access to the internet. Many employees have used this new freedom to embrace a nomadic lifestyle, for at least part of the year.
  • Housing prices have been skyrocketing in the last 2 years. This has had some adventurous people thinking that an RV provides all the living space they need, with the freedom to relocate whenever and wherever they want. This is perhaps especially true of those who are able to work remotely.

Between 2020 and 2022, the demand for RVs was huge. The supply of RVs, however, was not.

Supply chain interuptions and worker shortages

Aside from causing increased demand for RVs, the pandemic years also saw supply chain interuptions and shortages. RV manufacturers found themselves waiting for parts and supplies that were needed for the production of RVs. Just as importantly, there was also a shortage of plant workers and RV technicians. This didn’t bode well for the production of new RVs. Dealers soon found themselves unable to order nearly enough RVs to meet the new demand for them.

A simple rule of economics is that prices increase when demand exceeds supply. In 2021, RV prices reflected the unbalanced state of the RV market. The price for a new RV increased to higher levels than have ever been seen in the industry. And they’ve pretty much stayed there.

Increased supply

RV supply in 2022 will increase for both new and used RVs. RV manufacturers are finally catching up on production of RVs. This means RV dealers are once again seeing almost normal numbers of RVs on their lots. There are also a lot of used RVs coming onto the market. People are now able to hop on a plane and visit their favorite resort.

Some people who bought RVs in 2020 or 2021 are now realizing the RV lifestyle isn’t necessarily for them. Rampant inflation on everything from consumer goods to fuel has many people second-guessing their RV purchase. For some people, selling while RV prices are high just makes good sense.

Demand stabilizing

Record fuel costs and rampant inflation will keep some buyers out of the RV market in 2022. As vacation options open up again, some buyers will lose interest in purchasing an RV for family vacations. However, new demand for RVs from the millenial age group is keeping demand for RVs stable.

Will RV prices go down in 2022?

There will still be enough demand for RVs to keep prices high through most of 2022. The good news is that we are unlikely to see further increases in RV prices as the market stablizes. The bad news is that we are unlikely to see prices go down substantially on new RVs. By October, when faced with either storing the RV or selling it, some new RVers will choose the latter. The fact that prices will still be high will make this even more attractive.

We will see more used RVs come onto the market around the middle of October. This increased supply and slackening demand may well lead to used RV prices going down. However, unpredictable world events continue to impact supply chains and effect the US economy. 2022 may see shortages of essential RV components such as aluminum and various RV appliances. We won’t hold our breath for RV prices to go down this year.

One of the best parts about RVing is engaging with the community of traveling enthusiasts. iRV2 forums allow folks to chat with other RVers online, and get other perspectives on everything RVing, including products, destinations, RV mods, and much more.

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Author Lynne Fedorick Avatar

Lynne Fedorick

Lynne lives, travels and works full time in the R-Pod 180 with 3 pointers and 1 small but vital corgi mix named Alice. Lynne began full time RVing as an experiment in 2019, but she quickly fell in love with the convenience, freedom and minimalist lifestyle offered by full time RV living. Lynne is a professional dog trainer, offering mobile and online dog training services through her website at www.mydoggeek.com. You can read about her travel adventures on her blog at: https://rpodadventure.wordpress.com/

8 thoughts on “Will RV Prices Go Down In 2022?

  1. The prices for new RVs can’t come down because of inflation. But what will happen is that demand for them, especially the luxury ones, will go down. First, wages have not kept up with inflation. The stock market has markedly decreased this year and will likely continue to do so. Interest rates for RVs have always been relatively high (compared to home mortgages) and now they will go higher. While the interest on an RV loan can be deductible, for most people it will be less than the standard deduction, so there won’t be any tax advantage on an RV loan (unless you’re pulling the purchase money out of an IRA, etc.). The cost of RV travel at 5-7 miles/gallon is very high. People will need to recalculate what they can afford and they may try to purchase a used RV or one smaller or less luxurious than they had originally planned. This will really affect the RV manufacturers in reduced orders. They’ll have to cut costs by laying off workers. Some manufacturers will go bankrupt, others will get bought out. If you doubt this, just check the price for WGO stock (Winnebago). It’s 52 week high was about $85/share, now trading around $54. That’s over a 36% drop in price! This is obviously not a good year to buy or travel in an RV.

  2. Thank goodness we purchased our travel trailer when we did in January 2021. At that time it was already $3000 more than in January 2020. A short 9 months after we bought ours, the price had risen almost $8000 more than what we paid. That price would have put us out of the RV market as we are retired and on a fixed income.

  3. RV prices cannot come down because people are not going to pay more for a ‘22 model than a ‘23 model on dealer’s lots. If ‘23 models were less, dealers would be stuck with the large amount of ‘22 models they have and that are coming. The only thing that could curb this would be manufacturer or dealer rebates like what is offered in the car industry.

  4. May I add an important reason for a rv other than vacations is if a wild fire forces you to evacuate your residence, you will have your home on wheels to live in a safe place.

  5. You will still the MSRP costs of new RVs go up as long as inflation is here and material shortages are present. Second the lack of skilled people to build them will push labor costs higher and not help quality.

  6. I believe prices will go down and continue to go down, as long as gas prices remain high and interest rates go up.
    The prices have gotten so out of hand and almost impossible for many to afford. Very disappointed in what has happened to the rv industry.

  7. You’re foolish to think any manufacturer will generally lower prices regardless of the economic fluctuations. They will attempt to package in additional bells and whistles and offer select sales discounts but the baseline will never return to pre-pandemic levels. The bean counters will never allow that.

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