Revised September 26, 2024
The COVID-19 pandemic inspired many people to ditch their home offices and hit the road. The massive demand for RVs between 2020 and 2022 caused prices to rise. As things get back to normal, it seems motorhome prices are dropping.
For those of us that have been waiting patiently to buy a new motorhome, or upgrade our existing RV, motorhome prices dropping is an exciting trend. However, there are some considerations that you need to keep in mind when you are shopping for an RV.
In this article, we will talk about the trend of motorhome prices dropping. We’ll also share some helpful information about how to get the best deal. Since interest rates are high, you’ll want to save on the sticker price.
Are Motorhome Prices Dropping?
Yes, they are!!! While we were at the Hershey RV Show in September of 2024 we saw the lowest prices since before Covid!
For example, brand new 2025 Class C motorhomes had sale prices as low as $69,990.
We also noticed a drop in used motorhome prices in 2024. This makes sense because as the new model year prices have dropped this caused the used RV market prices to drop as well.
You can still enjoy a lower price with a used RV, but not to the extent that you would have seen pre-pandemic. But the prices are getting closer to pre-pandemic levels at this time.
Why Are Motorhome Prices So High?
Motorhome prices skyrocketed in 2020 for a couple of reasons. The first was supply and demand, the second was slow manufacturing. Many people decided that being quarantined could be greatly improved by hitting the road and camping.
In 2020 and 2021 particularly, RV dealers saw a substantial increase in the number of people buying RVs. This increased demand, combined with a limited supply, pushed the prices upwards.
When RV supplies became limited, and buyers started ordering RVs, prices went higher. Slow production, shortages of materials, and long shipping times contributed to the additional increase in RV prices between 2020 and 2022.
In addition, we are suffering through some of the highest inflation we have seen in decades. This has caused the price of all of the RV parts and components to increase dramatically which led to higher RV prices.
Is There A Motorhome Shortage?
No there is not a motorhome shortage. As we traveled across the country in 2024, we noticed that all dealership lots were full of RVs, which means there is a surplus of RVs. Since there is more supply than demand, prices have fallen dramatically.
One of the good things that you may notice if you have been waiting to buy an RV is that the production time is substantially shorter now than it was previously. If you are ordering a motorhome, the wait time is now around six weeks. This wait time was substantially longer just 12 months ago.
Are Used Motorhome Prices Dropping?
Yes, used motorhome prices are also dropping. There is a huge supply of 2024 motorhomes on dealership lots and the new 2025 models are arriving between nowand the end of the year.
Dealers and manufacturers are offering rebates to entice sales, and as the interest rates continue to drop for the remainder of 2024 and into 2025, this will lead to lower monthly payments.
Is Now A Good Time To Buy A Motorhome?
Even though prices and interest rates are coming down, it may not be the best time to purchase a motorhome quite yet. However, this really depends on your personal situation and desire to purchase a motorhome. There are a couple of reasons you may want to wait to purchase a motorhome.
First, interest rates will continue to fall through the remainder of the year and into 2025 which means you will have a lower monthly payment if you wait to purchase and finance your new rig.
Second, as we get closer to the end of 2024 dealers will need to sell the remaining 2024 inventory to make room for the new 2025 models.
You will be able to buy a brand new 2024 model with the full warranty for a used price toward the end of 2024 and the interest rates will be lower then too!
If you aren’t concerned about interest rates or you have cash for your RV, this isn’t a concern.
Pro Tip:
One of the best resources we have found for learning how to save money when buying an RV is a course called Buy the Right RV and Save Thousands. There are two major goals this course will accomplish; it will help you buy the right RV the first time, and it will help you save thousands of dollars during the RV buying process.
Are Prices High For All Types Of RVs?
No, prices are dropping for almost all motorhomes. We saw prices at the Hershey RV Show that we haven’t seen since 2020. This includes travel trailers, 5th wheels, Class A motorhomes, and truck campers.
We didn’t see a big discount on Class B RVs at the Hershey RV Show but we are sure you can negotiate your way to a great deal because it is a buyer’s market.
NOTE* You should be able to negotiate between 35 to 40% off of MSRP at this time.
What Time Of Year Is Best To Buy A Motorhome?
One of the best ways to purchase a motorhome, particularly a new one, is to purchase at the end of a model year. RV dealers will be pushing to sell the newest models. But if they have stock that is from the previous year, you may be able to get your motorhome at a lower price.
Of course, this really depends on if you are willing to buy an RV off the lot, or if you are looking to customize.
Another good time to buy a motorhome is during the off-season. Lots of people will start shopping for an RV in the spring or early summer with hopes of hitting the road for summer adventures.
You’ll find that if you shop in the fall and winter, motorhome prices may be lower. Dealers may be able to work a better deal if sales are slow.
If you know what you want and are willing to make a big purchase at an RV show, you may see some huge savings. Lots of RV manufacturers will offer substantial savings on their products if you purchase during an RV show.
Of course, you will need to know what you want and what you are willing to spend before you walk through the door.
Final Thoughts About Motorhome Prices Dropping
Get ready because it looks like this is a great time to pull the trigger and buy a new motorhome. There is a huge supply which we can see on the RV dealership lots which are full of RVs.
And interest rates are beginning to come down, and we expect more interest rate cuts by the Fed by the end of 2024, making this a great buyer’s market!
Related Reading:
– What Is The Markup On Motorhomes?
– 9 Cheapest Class C Motorhomes
– Definitive Guide To An Extended Warranty For Motorhomes
– How To Find The Perfect Size RV
About the Author:
Jason Gass is a full-time freelance writer and part-time RVer whose goal is to share great stories around a campfire with good friends.
When he’s not working, he spends most of his time camping, searching for the best breweries, and road-tripping in his teardrop trailer with his wife, daughter, and two dogs.
