NADAguides released its latest report on the RV industry Wednesday (April 13), reflecting a market climate for positive growth, according to the report.
The company reports that the business climate in the U.S. is ideal for the RV industry, as gas prices continue to remain low, inflation is in check, interest rates are near historic lows, and the unemployment picture continues to improve.
“Current market indicators show that we continue to be in a hot market, which is supported by input from our dealer network. RV sales for the first two months of 2016 was nothing short of spectacular and leads us to believe the rest of 2016 will continue to be a banner year,” the report said.
NADAguides predicts that prices are expected to stay steady through the summer months which should help to propel sales in 2016 to 381,100 units, as forecasted by the RV Industry Association. All of these factors indicate 2016 will be a profitable year.
“In the coming months van motorhomes and pop-ups should see an uptick in used values with truck campers extending their appreciation,” NADAguides reports. “Motorhomes, trailers, and park models will continue to see downward pressure. Used retail values across the board saw a decrease from edition-to-edition, with the exception of truck campers.”