RV News RVBusiness 2021 Top 10 RVs of the Year, plus 56 additional debuts and must-see units → ×
RV Trip Planning Discussions

Go Back   iRV2 Forums > MOTORHOME FORUMS > Class A Motorhome Discussions
Click Here to Login
Join iRV2 Today

Mission Statement: Supporting thoughtful exchange of knowledge, values and experience among RV enthusiasts.
Reply
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on iRV2
 
Thread Tools Search this Thread Display Modes
 
Old 03-07-2018, 07:40 AM   #1
Senior Member
 
LarryJB's Avatar




 
Tiffin Owners Club
RV Trip Wizard
Join Date: Oct 2016
Location: Mountainburg, AR
Posts: 1,407
NADA used MH values

I have been researching new vs slightly used values. Either I am confused or I am missing something. I am looking at a Newmar Ventana 4037. NADA says the approximate list price of a 2017 is 348,954 with an average retail of 281,400.
My understanding is that it is reasonable to get 30% off list on a new one, so that would be 244,268. That is 37,132 less than the average retail listed. To me this seems to imply that the value of the used 2017 is actually higher than what someone paid for it new.
Their definition of suggested list price is the MSRP, and the average retail price is the average price being paid for the MH.
What am I missing here? This doesn't make sense to me.
__________________
There are 10 types of people... Those that understand binary and those that don't.
_________________________
2018 Tiffin Phaeton 40AH/2018 Hyundai Elantra Sport Toad
LarryJB is offline   Reply With Quote
Join the #1 RV Forum Today - It's Totally Free!

iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!

Old 03-07-2018, 09:09 AM   #2
Senior Member
 
Monaco Owners Club
Join Date: Sep 2014
Posts: 3,733
Based on the same model/year on RVtrader I would guess that some where between the two prices you listed would be right.
__________________
1996 Tioga Class C
400 amp/hrs solar, Trimetric

2007 Monaco Diplomat 40 PDQ
okcnewbie is offline   Reply With Quote
Old 03-07-2018, 09:15 AM   #3
Senior Member
 
LarryJB's Avatar




 
Tiffin Owners Club
RV Trip Wizard
Join Date: Oct 2016
Location: Mountainburg, AR
Posts: 1,407
These numbers seem to say I could get a new one for less than a used one. This can't be right. I figure I am misunderstanding something.
__________________
There are 10 types of people... Those that understand binary and those that don't.
_________________________
2018 Tiffin Phaeton 40AH/2018 Hyundai Elantra Sport Toad
LarryJB is offline   Reply With Quote
Old 03-07-2018, 09:30 AM   #4
Senior Member
 
paddler1954's Avatar
 
Fleetwood Owners Club
Freightliner Owners Club
Join Date: Mar 2017
Location: Georgia
Posts: 426
Larry,
NADA pricing really sucks for the exact reason you mentioned, the new 25%-35% off MSRP. About the closest you will come to a reasonable value is to take the average between trade-in and low retail. But keep in mind, higher quality used coaches do have more demand than a middle of the road coach.
__________________
Steve & Margo
Bonaire, Georgia
2018 Fleetwood Discovery 40D LXE "Alice"
paddler1954 is offline   Reply With Quote
Old 03-07-2018, 09:35 AM   #5
Senior Member
 
Monaco Owners Club
Join Date: Sep 2014
Posts: 3,733
Quote:
Originally Posted by LarryJB View Post
These numbers seem to say I could get a new one for less than a used one. This can't be right. I figure I am misunderstanding something.

Larry, you ask valid questions and I'll be following this just out of curiosity. (don't think I'll ever buy a 1-2 year old MH)

I bet the numbers you state are close and it would make it very difficult to sell a 1 year old luxury MH. I did only find one 2017 model on RVtrader in the model you listed. I also wonder if the glut of buyers is going to start affecting the number that we've used for years.
Generally speaking I've always heard 25-30% off MSRP. Also, my own research shows about a 5% decrease in price per year.
__________________
1996 Tioga Class C
400 amp/hrs solar, Trimetric

2007 Monaco Diplomat 40 PDQ
okcnewbie is offline   Reply With Quote
Old 03-07-2018, 09:45 AM   #6
Senior Member
 
Don and Kim's Avatar
 
Freightliner Owners Club
Join Date: Apr 2003
Posts: 238
The pricing on 1 or 2 year old coaches is not accurate for the reason you stated, a brand new one can be ordered for much less than a year old one. We just went through this in the process of finding our latest coach. We had our short list of Newmar and Tiffin but so many were priced way out of site but we didn't want to buy new. We finally found ours at a dealer and it priced between low retail and avg retail. btw, we found better pricing from dealers and consignment than private owners in our search.

Don
__________________
2013 Phaeton 40 QBH
pulling a 14 CRv
Don and Kim is offline   Reply With Quote
Old 03-07-2018, 10:27 AM   #7
Senior Member
 
fpresto's Avatar
 
Join Date: Mar 2017
Location: MD
Posts: 254
NADA was never designed for RVs. For a car or truck of a specific model there are many sold every day so a baseline can be built. How many of a specific model used RV is sold daily, weekly, etc. They just use the MSRP as a starting point and deduct a certain percentage every year.
__________________
Fulton and Donna USN Ret (both)
Maryland
2016 Tiffin 32 SA, 2013 Smart Toad
fpresto is offline   Reply With Quote
Old 03-07-2018, 10:36 AM   #8
Senior Member
 
Join Date: Oct 2015
Location: N.W.Ohio
Posts: 123
The same thing is true of used cars , trucks , boats etc. That's why so many of us set out to buy ,one of the above , slightly used, say 1 or 2 yrs old , and ends up with a new one !
__________________
N/W Ohio, 2003 Newmar Mountain Aire 3781, American Car Dolly, F&R Trak Bars, Roadmaster F&R Sway Bars, Koni Shocks, Blue Safe-T-Plus
FarmerB4 is offline   Reply With Quote
Old 03-07-2018, 04:57 PM   #9
Moderator Emeritus
 
Gary RVRoamer's Avatar


 
Join Date: Jan 2000
Location: Silver Springs, FL. USA
Posts: 23,298
It is certainly possible to get 25-30% off on many new models 9if you shop around, but I don't think the average new model sells at 30% off. Most dealers try to sell at about 15% under MSRP, and they get buyers.

That said, there is national reporting system for RV sales so NADA values for RVs are estimated depreciation rather than an average of actual sales prices as they are for cars. The values shown in the free online version are no more than a guestimate. The paid subscription version is probably somewhat more accurate, but there is still a wide variation, both regionally and seasonally. Condition is also a major factor.
__________________
Gary Brinck
Former owner of 2004 American Tradition and several other RVs
Home is in the Ocala Nat'l Forest near Ocala, FL
Summers in Black Mountain, NC
Gary RVRoamer is offline   Reply With Quote
Old 03-07-2018, 05:49 PM   #10
Senior Member
 
vito.a's Avatar
 
Monaco Owners Club
Join Date: Oct 2009
Location: Tucson, AZ
Posts: 4,551
I agree with Gary. We subscribed to the NADA RV wholesale values for a year when we were searching. It was the only way to get realistic values.
__________________
97 Monaco Windsor- Sold
07 Monaco Executive McKinley- Sold
04 Monaco Signature Chateau IV
vito.a is online now   Reply With Quote
Old 03-07-2018, 06:08 PM   #11
Senior Member
 
Winemaker2's Avatar
 
Join Date: Nov 2006
Location: Western NY
Posts: 3,343
Just my opinion...and have little data to back it up. However...

I believe the dealers intentionally keep the reported sale price of used units artificially high by reporting their ask price as the selling price and playing games w the trade-in value.

I have only traded once but that was what the dealer did in my case. Cash price if I didn't trade was significantly lower that what was shown with a trade.

This also helps appease the buyers mental state as they can brag... "I got more for my trade than it was worth"

Many people involve a trade which complicates any analysis. Higher values are favorable to dealers so it's in their interest to show higher prices.

It would be ontetedting but imposdible to see a comparison of allowed $ on a yrade in vs ACTUAL selling price when that used unit was resold.
__________________
Don & Marge
'13 Newmar Ventana 3433 - '14 CR-V TOAD
'03 Winnebago Adventurer 31Y - SOLD
Winemaker2 is online now   Reply With Quote
Old 03-08-2018, 10:41 AM   #12
Senior Member
 
tropical36's Avatar
 
American Coach Owners Club
Join Date: Jul 2007
Location: SW Florida
Posts: 2,541
Quote:
Originally Posted by Gary RVRoamer View Post
It is certainly possible to get 25-30% off on many new models 9if you shop around, but I don't think the average new model sells at 30% off. Most dealers try to sell at about 15% under MSRP, and they get buyers.

That said, there is national reporting system for RV sales so NADA values for RVs are estimated depreciation rather than an average of actual sales prices as they are for cars. The values shown in the free online version are no more than a guestimate. The paid subscription version is probably somewhat more accurate, but there is still a wide variation, both regionally and seasonally. Condition is also a major factor.
Gary...
Any links available to these free sales reporting systems, as I have been unable to locate one?
__________________
07 Revolution LE 40E_1 1/2 Baths_Spartan MM Chassis_06 400HP C9 CAT_ Allison 3000
Dinghy_2010 Jeep Wrangler JKU ISLANDER
1998 36ft. National Tropi-Cal Chevy Model 6350 (SOLD)
tropical36 is offline   Reply With Quote
Old 03-08-2018, 04:03 PM   #13
Moderator Emeritus
 
Gary RVRoamer's Avatar


 
Join Date: Jan 2000
Location: Silver Springs, FL. USA
Posts: 23,298
Sorry - there was a word omitted from my previous post.

It should have read "That said, there is NO national reporting system for RV sales..."

If sales transactions were regularly reported (accurately or not), the NADA RV guide would have much better information.

As Winemaker says, even with sales reports the data can be skewed because trade-in transactions often have an artificially high price. A lot of car price data comes from the used car auctions, so that helps regularize the price data, but RVs don't have an extensive auction sale network either. You simply cannot set a lot of value by NADA numbers for RVs - the market has too many pricing variables.
__________________
Gary Brinck
Former owner of 2004 American Tradition and several other RVs
Home is in the Ocala Nat'l Forest near Ocala, FL
Summers in Black Mountain, NC
Gary RVRoamer is offline   Reply With Quote
Old 03-08-2018, 04:47 PM   #14
Senior Member
 
tropical36's Avatar
 
American Coach Owners Club
Join Date: Jul 2007
Location: SW Florida
Posts: 2,541
Quote:
Originally Posted by Gary RVRoamer View Post
Sorry - there was a word omitted from my previous post.

It should have read "That said, there is NO national reporting system for RV sales..."

If sales transactions were regularly reported (accurately or not), the NADA RV guide would have much better information.

As Winemaker says, even with sales reports the data can be skewed because trade-in transactions often have an artificially high price. A lot of car price data comes from the used car auctions, so that helps regularize the price data, but RVs don't have an extensive auction sale network either. You simply cannot set a lot of value by NADA numbers for RVs - the market has too many pricing variables.
Probably why I couldn't find anything...lol.
Anyway, with what I'm seeing here and there, the NADA isn't such a bad reference, once you know it's limitations and it seems that most private sales fall close or under low retail. In fact that was my personal experience in 2016. I bought from a consignment Dealer and thought I did pretty well. Naturally for them, it was all profit with no investment, so the seller took a pretty good hit.
As for regular Dealers and buying straight out, it usually falls somewhere in between low and high on the NADA. Once a trade is involved, it's more like wholesaling yours and buying theirs for high retail. In fact, it has to be that way for them to stay in business.
__________________
07 Revolution LE 40E_1 1/2 Baths_Spartan MM Chassis_06 400HP C9 CAT_ Allison 3000
Dinghy_2010 Jeep Wrangler JKU ISLANDER
1998 36ft. National Tropi-Cal Chevy Model 6350 (SOLD)
tropical36 is offline   Reply With Quote
Reply

Tags
ada



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Used Monaco NADA values larryjb2 Class A Motorhome Discussions 8 06-27-2017 02:20 PM
Factoring slides into NADA values H.Huester Fleetwood Owner's Forum 2 10-01-2011 08:39 PM
NADA Values dropped today pwhittle Monaco Owner's Forum 61 09-29-2011 04:07 PM
NADA Blue book values. rudylitts MH-General Discussions & Problems 16 10-29-2010 08:09 PM


All times are GMT -6. The time now is 03:59 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.