Another price increase?

[Flight_rt]

I was seeing on another forum this am of another price increase. The rumor is 13%. Can anyone verify this? If true that makes almost a 25% increase in a matter of a few months.

 

[NB Canada]

I was seeing on another forum this am of another price increase. The rumor is 13%. Can anyone verify this? If true that makes almost a 25% increase in a matter of a few months.

Love it

Hope they go up even more


2021 Imagine 2400 BH
2018 GMC Sierra 4x4 crew

 

[FreddieMac]

Crazy. I was just commenting to my wife that RVs as they are priced today are way overpriced. Seriously considering most new coaches will have some type of issue. People buying these because of COVID do not understand the work involved in rving, there is going to a glut of overpriced RVs on the used market in a couple of years. You can tell by the comments on many of the other forums, people think buying an RV is like buying a car. Getting those problems fixed were bad before covid, now it is virtually impossible. It good for dealerships and manufactures right now, but this bubble will burst.

 

[BobnColo]

^^^^^This is spot on.

 

[dryfly]

I agree with FreddieMac. I'm sure the majority of those buying trailers have no idea of what they are getting into.

The price increases probably include higher construction costs, but I can't help but think most of it involves supply and demand. Lots of folks wanting a small supply of RV's.

I bought a Valterra T58 valve yesterday. These were $20 this time last year. $50 today with frequent price increases, and difficult to find. There is no way materials went up 150% in a year!

 

[FreddieMac]

I agree with FreddieMac. I'm sure the majority of those buying trailers have no idea of what they are getting into.

The price increases probably include higher construction costs, but I can't help but think most of it involves supply and demand. Lots of folks wanting a small supply of RV's.

I bought a Valterra T58 valve yesterday. These were $20 this time last year. $50 today with frequent price increases, and difficult to find. There is no way materials went up 150% in a year!

I read that manufactures are not increasing the number of units in many cases. The value of the RV today seems to be all balled up in two factors: supply chain limitations because of covid and demand. I watch RV prices at dealerships off and on over the years just for fun. A few years ago we were thinking of a Thor Motorhome before going with the fiver. That MH was the Thor Windsport. In 2018 that unit was MSRP of $132,000 and were selling in the mid 90s (27% to 30% off). Today that motorhome is listing at $164000 and probably selling in the mid $150s (10% to 15% off). Typically these manufactures are not putting an additional $40k worth of stuff over the previous model's coach. The price increase is due to supply chain shortages and demand right now. Its crazy to think that if the dealership had not sold us our Reflection at 32% off MSRP in May 2020, holding on to that unit another month would have probably allowed them to sell my RV at close to MSRP which is nuts. I love my RV, but it is not worth anywhere close to the MSRP.

 

[nyfingerlakes]

I bought some lumber for a necessary project last week - it was twice the cost of what it was one year ago. Undoubtedly, this has had a big part in the price increases.

 

[Ynot4me2]

I bought some lumber for a necessary project last week - it was twice the cost of what it was one year ago. Undoubtedly, this has had a big part in the price increases.

Where I am, lumber is on the verge of quadrupling what it was a year ago. It's unbelievable. I'm finishing this current project but putting the rest on hold. Pretty soon, the transports carrying lumber will need a police escort. Same with a lot of the other building supplies.

 

[RV Sailor]

Crazy. I was just commenting to my wife that RVs as they are priced today are way overpriced. Seriously considering most new coaches will have some type of issue. People buying these because of COVID do not understand the work involved in rving, there is going to a glut of overpriced RVs on the used market in a couple of years. You can tell by the comments on many of the other forums, people think buying an RV is like buying a car. Getting those problems fixed were bad before covid, now it is virtually impossible. It good for dealerships and manufactures right now, but this bubble will burst.

This repeats itself in RV industry just as it’s been occurring for years in the boating industry.

I’m not sure the comment about how much work RV are is being valid. The same occurs with boats , cars, houses. You don’t have to be a DYI person and can pay others to do the work and just enjoy it. In fact many do this so I don’t think it bothers them as much as it bothers you.

 

[FreddieMac]

This repeats itself in RV industry just as it’s been occurring for years in the boating industry.

I’m not sure the comment about how much work RV are is being valid. The same occurs with boats , cars, houses. You don’t have to be a DYI person and can pay others to do the work and just enjoy it. In fact many do this so I don’t think it bothers them as much as it bothers you.

This is true, but the lead times right now for service are ridiculous. Before the pandemic getting service at my dealership for my RV was at least giving up my unit for 2 months. Now, I was quoted 6 months for a technician.

 

[RV Sailor]

I found the same so I found a local reliable certified RV technician. GD has OK their detailed estimates as they realize that the dealer is backed up

Dealers are usually suspect for repairs in many places because 1- they are really set up to prep new vehicles 2- the give that “ preference” spiel when you buy. They keep adding purchased RV each year but don’t expand their service departments so they are set up to fsil

 

[FreddieMac]

If I were a young person looking for a career that will be good in the future, I would either do information technology or rv technican. RV technician is going to be a really good skill set to have over the next 40 years.

 

[WhittleBurner]

If I were a young person looking for a career that will be good in the future, I would either do information technology or rv technican. RV technician is going to be a really good skill set to have over the next 40 years.

That's what we keep telling our son who is at a ponit of wanting a change . We overnighted the other night and so did a mobile repair tech who travels in his Mobile Suites...can't be all bad. I think the write offs for living would be great considering you have to travel for work if you follow the seasonals and snowbirds around

 

[GD22RBE]

get use to price increases on everything, everywhere.

 

[bdelcurto]

get use to price increases on everything, everywhere.

Yes; brace yourself. Bank of America reported in the past week that in the best case scenario we will experience “transitory hyper-inflation.” Things are going to get real expensive really quickly. Many of the basics (corn, lumber, copper...) have seen triple-digit increases already. Anyone bought a sheet of plywood lately?

In their best case scenario, prices will return to “normal” after the economy is in full swing again. We will all be paying a whole lot more, for everything, for some time to come. The question is how long will we experience this hyper-inflation. Prices always go up much faster than they come down. It’s pretty much a nightmare scenario. It’s going to get very ugly.


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[FlyStar]

The MSRP for my 2021 312 BHTS trailer has gone up over 40% since I bought it last March. But the new ones have an inverter and a 12 volt compressor fridge which I think is less expensive that my Norcold electric/propane unit.

Will be interesting to see what happens.


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[RV Sailor]

Sold my RV last summer with the idea of upgrading to a class A. Started shopping months ago and I found one constant. I guess the Covid-19 generation is buying up RV's instead of taking their normal flyaway vacations. All this buying has let dealers push up prices on everything because somebody will but it. A nice used class A I considered buying 6 months ago is now $30,000-$60,000 more than it was then. They are marketing real junk like Coachman for top dollars. It is my prediction this buy frenzy will fizzle out come Nov 2021. Driven down by those dumping the RV they bought because it is not what they thought it would be, they find it expensive to maintain and store, or they just discovered it's not for them. In any case I think the market will be flush again with RV's driving down the resale price. All those that are buying now will lose their shirts when the market drops as they are trying to bail out of their purchase.

It is my opinion this is wishful thinking. There is no reason to believe that there will be any greater % of people getting out of RVing after the COVID from the era before it.

The reservations are harder to come by and no signs of that letting up in campsites and state/ natural parks.

These musings are not substantiated by any real facts to date.

 

[FlyStar]

It’s hard to make predictions. Especially about the future. Yogi B.


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