Prices Have Decreased Slightly
With more supply and less demand comes lower prices. At least that’s what we’d like to think, and it has proven to be sort of true. RV prices have dropped very slightly in 2023. Unfortunately for buyers (and fortunately for sellers), the average price drop is only around 3% and this is far from what we’d expect based on other market conditions.
More Used RVs Have Become Available
While the pandemic brought a whole new collection of RV enthusiasts on the scene, it also brought in a lot of people who were looking for an escape, purchased an RV in order to escape, and learned that RV travel really wasn’t for them. The result? Lots of barely used RVs are turning up for sale.
In 2023, we have seen a huge number of those pandemic RV purchases turn up on the market, making it a good year to find the perfect gently used rig.
Inflation Has Slowed
Inflation was out of control in 2022 when we saw a sickening 6.5% inflation rate. Fortunately, this has slowed quite a bit in 2023 and is currently sitting around 3.3%. Gas prices have gone down slightly, making RV travel more affordable, but housing is still very expensive and grocery prices haven’t come down.
Campground Reservations Still Recommended
With the explosion of pandemic RVers on the road came a serious shortage of campsites. People who had been staying at the same campgrounds for years found that they had to look elsewhere because their favorite spots had all been booked far in advance. Meanwhile, those who once enjoyed spontaneous travel had to start making more solid plans in order to have a place to stay each night of their trip.
The good news? Campsites are starting to be easier to find. That said, reservations are still necessary when visiting during busy times.
High Numbers of Full-Time RVers
One of the many things that remains permanently altered due to the pandemic? The number of people who work from home. Many companies saw the benefits of allowing employees to do their work from home during the lockdowns, and after having success with this arrangement, a large number of these companies have chosen to continue allowing the option.
This fact, coupled with the number of new RVers who have fallen in love with RV travel, has resulted in full-timing becoming more popular than ever. Add in the fact that some are using RV living as a way of saving money as the cost of housing continues to remain high, and boom, you have unprecedented numbers of full-timers.