In the 2020 Year-End Review Recreational Vehicle (RV) Market Insights, analysts from J.D. Power Specialty Valuation Services say that used RV pricing increased overall as more consumers entered the RV market amid air travel restrictions. Used values are also being pushed up due to lack of new inventory.
"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."
Check out the major findings in the JD Power quarterly report here.