Motorhomes market to increase or decrease 2024? (1 Viewer)

[joner8888]

Looking to buy a motorhome in the next week or so.
Is the market likely to keep going up , level out, or drop?
As i tend to be somewhat of a chrematophobia , i really don`t want my next purchase to be a dud.

 

[Steve and Denise]

Don’t worry to much, get out and enjoy having one
After all you might not be here tomorrow
Sounds bad just do it while you can

 

[Jim]

Prices will start to come down this year, but that will hit the used market first. We'll see a few sales and spot reductions on new vans but don't expect to see any really big reductions. Sadly, I'm pretty sure we are not going back to pre covid prices ever again.

 

[vkr15s]

In my case no money no chrematophobia !
Whilst a Motorhome is probably not the best investment you can’t put a value on the freedom and enjoyment it brings and once you dip you toe in you will soon be addicted.

 

[Brains]

Looking to buy a motorhome in the next week or so.
Is the market likely to keep going up , level out, or drop?
As i tend to be somewhat of a chrematophobia , i really don`t want my next purchase to be a dud.

The market is always seasonal to a degree.
The dealers tend to buy in Q4 and Q1 and sell in Q2 and Q3

We are still in Q1 at the moment, so if you have your eye on a motorhome, then I'd be inclined to agree the price now.
Because the dealer knows than over the next few months they will be able to sell it many times over.

In terms of value, the motorhome market peaked in 2022, when models a two or three years old were selling for more than a new one which had a 3 year wait!

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[dunnah01]

Market will go up until you buy and then go down once you've bought, or is it just me

 

[Guigsy]

There seems to be quite a few units on dealers lots. The waiting list for anything new that isn't a Sevel is getting pretty reasonable. But there has been lots of inflation, so I don't expect new vans to suddenly be sold at big discounts. However, as new vans are available again, I'd expect prices of nearly new vans go back to having a bit more age related depreciation. 5 year old vans that cost the same as new isn't sustainable.

 

[westhamman]

Obviously nobody but dealers really know, what the market looks like. Personally I would of thought they are at the peak but I don't know how much money others have.

 

[Jev88]

You could wait 6 months to see but what is 6 months of potential trips and fun in the bus worth to you?

 

[almichie]

Tricky, as new models reflect second hand pricing - new prices continue to increase, so second hand depreciate slower.

It’s relative if you swap, so if swapping get on with it. If not it’s a gamble, supply chain is still a problem, whilst delays are coming down prices for components has gone up and will continue to do so with energy and war/u settlement.

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[rolosroller]

 

[sussexlad]

There should be lots of choice looking at Autotrader, so best option might be to buy now but negotiate hard.

 

[Nanniemate]

When I bought mine resale was never a consideration .bought what I could afford.
Once the money is spent its gone.

 

[Mikey RV]

If you want one and have the money, go get one and enjoy it. Live for today not the future.

 

[meanders]

If your real question is 'Will the bottom fall out of the market tomorrow?' then that's extremely unlikely, but if the Bank of England fails, or Russia declares war on us, anything is possible.

As others have said, buy one (ensuring you have researched the current market so you are not paying over the odds) and enjoy it. It's likely you will keep it years rather than months anyway.

Edit to add: A little puzzled that your profile shows you have 'A few years now' of experience.' Apologies if I got the above wrong, but I answered on the basis of someone coming into motorhoming. If you are upgrading, much of what has been said is still true, but you should be aware of the seasonality.

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[joner8888]

If your real question is 'Will the bottom fall out of the market tomorrow?' then that's extremely unlikely, but if the Bank of England fails, or Russia declares war on us, anything is possible.

As others have said, buy one (ensuring you have researched the current market so you are not paying over the odds) and enjoy it. It's likely you will keep it years rather than months anyway.

Edit to add: A little puzzled that your profile shows you have 'A few years now' of experience.' Apologies if I got the above wrong, but I answered on the basis of someone coming into motorhoming. If you are upgrading, much of what has been said is still true, but you should be aware of the seasonality.

Yes,I had a older Autotrail 10 years back bought it reasonable, resprayed it to look more of a modern model (it's my job )used it for 4 years and sold at a profit.
Kids are showing a interest again now as teens,but I dislike loosing money,everyone has a different paranoia
I have looked on copart as I can rebuild one but nothing appeals on there, and there is always a devaluing digital stigma when repaired.
So, it looks like i have to man up and take a chance and stop working so much,I should be retired after all !

 

[Margaux2]

Looking to buy a motorhome in the next week or so.
Is the market likely to keep going up , level out, or drop?
As i tend to be somewhat of a chrematophobia , i really don`t want my next purchase to be a dud.

The semi integrated ( under (3.5 tonne £90k)market is falling, stocks are up supply is coming through well and demand is down. However the other end of the market for the luxury A class (. 5.5 tonnes to 10 tonnes is stable as 2024 allocation from the big producers is into 2025.

 

[Dave and Jan]

If you want a van then it’s the risk you take. It’s not just buying the Motorhome. Cost of keeping them is pretty high so basically you will always lose money. With insurance , Hab checks, road tax, tracker subscriptions, servicing etc on a newish van it costs us over £1200 a year just to put it on the drive. Of course you could offload/ reduce some of those costs if the van was older and out of warranty. We get good use from it so are happy to pay that.

 

[Sue and Rick]

All the dealers i have been past in the last month or so have had full forcourts. Now might be the time to negotiate and buy.

 

[poisondwarf]

All the dealers i have been past in the last month or so have had full forcourts. Now might be the time to negotiate and buy.

Agree with this.

I've noticed that my local dealer has a forecourt full of vans.

It hasn't been this full at this time of the year since COVID hit.

I m in Bury

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[jezport]

The NEC show was the quietest I've ever seen. Although it's not 100% about motorhome sales it ghas to be a sign of a drop of interest in the market.
But if you get a deal you like go for it.

 

[Brains]

If your real question is 'Will the bottom fall out of the market tomorrow?' then that's extremely unlikely, but if the Bank of England fails, or Russia declares war on us, anything is possible.

I think those two eventualities would drive the price up!

In the event of Russian invasion or pound notes becoming toilet paper then the best personal defence may be a roof over your head that can move anywhere in Europe (if you can get off this island, and if you cant at least you can move to a rural area).

 

[The Wino]

I think any vehicle bought is an example of spending not investment. Any residual value is a bonus.

 

[TrudeandDall]

All the dealers i have been past in the last month or so have had full forcourts. Now might be the time to negotiate and buy.

Roll back 2 years and there were very few vans to buy and the people trapped in the UK by COVID were going mad to buy them - a perfect storm. Dealers were buying from the private sales market and then adding lots to the resale price which significantly increased the value of second hand vans. Hopefully those days are long gone, bringing back second hand stock to a more appropriate price level.
The cost of new vans will not go down, inflation rules that area, but what we should find is the option for negotiation - something that was not on the table 2 years ago when we were looking to upscale our van..
We didn't buy our van in 2022 as an investment, it will depreciate and cost lots to run - but the value it gives us a "our van" far outweighs the above!

 

[Tony50]

If the market is not on the downward trend why is Hymer/ I assume Elddis is reducing workforce by 200,I think the bubble is bursting we are selling our 2023 Auto Sleeper Broadway EL 9 speed automatic when we get home in April.

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[haganap]

The market is quite definitely on the way down.

Those (and there were many of them) who bought during covid thinking "this is the life for me" are now realising that they can fly again and a motorhome is a big cost just to actually own before using.
Many were bought on finance of 10 years or more, many took out remortgages. They now want rid, but theres an issue.
Its called negative equity, some simply can't or wont take the hit.
Be careful if buying private that you are not buying with outstanding finance attached, seen a couple of these lately whilst advising friends.

Do we think the bottoms going to fall out the market? No definitely not, theres still way too many people who think our hobby is a nomadic way of life there to be enjoyed. Not me, its a hobby, not a "lifestyle" I enjoy it so dont mind the costs involved.

Im typing this looking over snowy mountains in Italy, in 2 weeks it could be a mud bath of a racecourse somewhere.

But here's some advice for free, offered by a few above too.
Do it because you want to, buy because its right for you, choose wisely to save a few quid.

In 20 plus years of doing it, i have thrown literally i reckon, like .any 100s of thousands at it.

Not once have I ever bought a van wondering thinking and dreaming of what I would get for it when i sold it, every van i've bought has always been my last ever, ive owned some proper high end and some budget models.

Just remember, the only thing you are buying.....

Is memories.

 

[jezport]

The bottom isn't going to fall out but I believe second hand prices on regular white boxes may take a hit. Specialist or rarer vans will hold their prices better.
As long as new van prices don't tumble the second hand market will hold up better.

 

[Tony50]

The bottom isn't going to fall out but I believe second hand prices on regular white boxes may take a hit. Specialist or rarer vans will hold their prices better.
As long as new van prices don't tumble the second hand market will hold up better.

I hope I'm not wrong, I think the bubble is bursting

 

[Nanniemate]

I think those two eventualities would drive the price up!

In the event of Russian invasion or pound notes becoming toilet paper then the best personal defence may be a roof over your head that can move anywhere in Europe (if you can get off this island, and if you cant at least you can move to a rural area).

Is a pop top or a highline better if there a nuclear invasion

I think a solid lid us better

Just a thought

 

[Tony50]

Is a pop top or a highline better if there a nuclear invasion

I think a solid lid us better

Just a thought

We live in the best area about 30 miles as the crow flies from Sizewell nuclear power station so we.. won't last long !!

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