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Old 01-02-2015, 02:48 AM   #15
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Join Date: Oct 2013
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Quote:
Originally Posted by HHIDan View Post
It's easy and swell NADA can do this with cars as so many cars are sold through auctions. RV's don't sell that way and NADA claims they use local data from dealers, hard to believe as there is usually a trade involved. As they say, it's just a guide... If you use the online version I suspect prices can (and probably do) be adjusted daily. They usually do have the right MSRP...
You missed my point. Nada, which by the way stands for National AUTOMOBILE dealers association not RV association, is garbage. I wasn't comparing its usefulness to the rv industry merely stating a fact that the car business is light years ahead of the rv industry. A couple other points, rv dealers do not report sales to nada directly and their are many more rv's sold at auction than you think. However nada arrives at their values, rv dealers try to own their used inventory at roughly 80% of nada book value without any adds for options. This allows the dealer room for reconditioning and for carrying costs as well as possible additional depreciation while waiting to be sold. Why 80% you ask? Its because thats how far off the mark nada can be month to month. The problem is that folks believe it is the be all end all and that is far from the truth not to mention peoples propensity to think their coach should be graded as excellent. News flash folks.....fair to average is all your going to get. I think folks also believe that somehow their loan payoff should be in some way related to the value of their rv and will do their darndest to add options until the nada value reaches the amount of their payoff LOL. Sorry, being in the business and doing this every day just gives me a good laugh sometimes. The true value is whatever someone will pay for it on any given day.
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