Last Updated on March 31, 2024 by Jessica Lauren Vine
You see the perfect RV that you want, but when will RV prices drop? You don’t want to be the person that felt too impatient to wait and then—major drop in RV pricing.
Yes, that might feel a little embarrassing and frustrating, and since we don’t have a crystal ball, it’s hard to tell exactly what will happen. However, I’ll share my thoughts about how these things will play out and what I think will happen.
Supply & Demand
There’s been an insane spike in demand and a major drop in supply since 2020. RV prices kept going up and up due to this. There are a few reasons for this, and when they stop happening or at least decrease a little bit, things will get a little better for RV buyers.
When will RV prices drop? I don’t want to pay this much. But someone else does.
More People Embracing Camping
With so many things closed or at least not at full capacity and with international flying being a major nightmare, people took up camping and bought a ton of RVs. In fact, in Sept 2021, there was a 32.2% increase in monthly RV shipments over the same month in 2020.
No Parts to Finish RVs
There are people trying to remedy the problem and make more RVs, but there simply aren’t enough parts to finish them. There are literally RVs sitting and waiting to be ready to hit the road with their new family—but they can’t do it.
This can be super frustrating when you’re asking, “When will RV prices drop?” But this part of things is getting a little bit better in 2023.
Labor Challenges
As the demand for RVs rises, RV manufacturers need help making these RVs. Many places find it challenging to find people to fill these positions so they can get the RVs out to the people that want to buy them.
According to RV Business, in Elkhart, Indiana, one state official said they believe the local labor pool might be “tapped out,” according to RV Business.
So when it comes to “When will RV prices drop?” it doesn’t look like the labor is getting much better in 2023.
So, When Will RV Prices Decrease?
I believe RV prices will start to decrease when the country gets back to work. It’s happening slowly but surely. However, it might be quite a while before you see lower pricing with RVs with how slowly things are happening.
Yes, this is frustrating for you, me, RV makers, RV dealers, and even campgrounds. With so many people that want to get involved with camping, everyone could enjoy their new hobby, and the makers and dealers could enjoy their sales.
I’d watch to see when RV manufacturers start moving at normal speed again, for one. However, I’d also check to see when RV sales level off.
If you plan on waiting until RV prices decrease, though, you’ll probably have to wait a while before you become an RV owner.
What I Recommend Doing to Get a Reasonably Priced RV
When it’s the chillier part of the year, it’s easier to find a good deal on an RV. If you wait right before camping season, you can expect to pay even higher prices. Get out there and start looking at close to the time when people don’t have their RVs out in their RV.
In fact, if you are willing to travel and buy an RV out of state, you can look for places where it is already getting close to the close of RV season. For instance, if it is already cold up north and you’re down south, see what their RV sales look like up north and decide if you want to travel there.
If you’re set on RV ownership, this may be a good way to snap up an RV, but there are a lot of other people thinking the same thing, so make sure you make a deal quickly.
Another thing you could do is to talk to RV owners that don’t have their finger on the pulse of the industry. If they don’t know how high RV prices are right now, they might be willing to part with their used RV for a lot less than you might think.
It never hurts to ask someone you see out about how camping is going and put some feelers out to see if they’d be willing to part with their RV.
When Will RV Prices Drop? – The Bottomline
RV camping is more popular now than ever. It was already trending that way before all the craziness hit the world, and then it exploded, and RV dealership happy dances were plentiful. Now? Not so much since they can’t get enough RVs, but they are still pretty happy.
I don’t think we will ever get back to what now looks like super low prices. But I think it could get a little less crazy than what it is right now if people stop buying RVs at these high prices.
When Jessica was older and had a family, she took her crew on the road for 2.5 years. They lived in 2 different RVs during that time. One 18 foot long and one 28 foot long. Both pull-behind RVs.
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