2024 Caravan Market Crashed But Why?
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- Опубліковано 9 лют 2024
- 2024 Caravan Market Crashed But Why? and how bad is it?
We look at what happened, why it happened and how bad is it?
Over the last 12 months we have seen a price drop of around £2000 - £3000 on average on used caravans, The biggest move was the later part of 2023, have things now settled and what can we expect next in the used caravan market.
Used caravans for sale on our website, we have 2 used caravan sales dealer sites to buy caravans from, we have our latest Gailey caravans site near Stafford caravans for sale, and our wolverhampton Garden village caravans for sale site, so if you are in the uk and looking for a caravan for sale then visit our website. www.thecaravanplace.com
#caravan #caravanmarket #usedcaravanprices - Авто та транспорт
I’m no expert but could it be that prices are dropping to more realistic prices because they were overpriced in the first place ?
totally agree, dealers making hay while the sun shone
@waltmcv not really, it is all about supply and demand. During the pandemic the factories all shut demand increased while supply diminished those who would have bought new then bought second hand where there were less available, so second hand prices increased. Now new are available they are decreasing. For the new market it is similar but on a component level in and just after short supply pushed up prices now supply is better they are reducing so new prices can correct themselves.
@@davidlewins4631 sorry but you are wrong, we bought a new to us in nov 21 and everywhere we looked said "thats the price, take it or leave it". and when we asked for a trade in for old van it was rock bottom. they wanted the best of both worlds, and thats a fact. i even went to 1 dealer who a friend of my wife had sold their's to, they had traded in a van with everything needed, but this dealer stripped everything off and wanted to sell used starter kits for even more profit. i think you will find a lot of people had the same issue's.
@@davidlewins4631 sorry but you are wrong, we bought a new to us in nov 21 and everywhere we looked said "thats the price, take it or leave it". and when we asked for a trade in for old van it was rock bottom. they wanted the best of both worlds, and thats a fact. i even went to 1 dealer who a friend of my wife had sold their's to, they had traded in a van with everything needed, but this dealer stripped everything off and wanted to sell used starter kits for even more profit. i think you will find a lot of people had the same issue's.
You got it - prices became so over inflated.
You can stay in some B&Bs for the silly money campsites charge.
Yes it has gone crazy with a lot of sites.
ain't that the truth!!!!
I still pay less than 20 quid a night including electricity and water.
Use my own shower and toilet though
We do that now it’s cheaper
Who wants to stay in a grotty b n b?
The ‘ MOTOR HOME ‘ MARKET IS THE NEXT IN LINE to see a substantial price drop
supply & demand is the major factor
Could have something to do with the whole economy going down the crapper.
👍
Currency devaluation. Theft
Currency devaluation - theft
Keeping it real 🤣
Greed always come back to haunt dealers feel sorry for the ones who bought there van at an inflated prices
Its a tough one, dealers couldn't supply the demand during covid, and when the demand drops they then have the stock, this is a big part of why some dealers will go bust, they couldn't make the money during covid, so never really benefited hugely, but now demand has dropped they suffer too.
Yes demand has dropped because people have seen sence it did not just happen in your industry it was everythink wood fence panals cars motorhomes; what did it do push up inflation less money in peoples pockets resulting in interst rise that has an effect in people getting loans at low rates to buy caravans ect @@thecaravanplace
@@thecaravanplace
A dealer local to us have done more than good our of their greed.
Owned by four family members who've eached bought matching brand new top of the range 4x4's.
Their profit margins have been huge since the start of Covid because they made a huge £5k profit on the van they bought from us...now though they're hardly selling anything.
Went to the show at the NEC and the manufacturers are charging £25K for entry level, £30+ for mid range and £45K for luxury, which are CRAZY prices and I'm boggled people are paying those rates.
Caravan prices have increased a great deal. Site prices have increased considerably as well! Maybe they are pricing themselves out the market.
It’s because of our bloody weather ! People want to go to the sun ☀️
Bubble had to burst prices we're so over inflated it was crazy
This is true 👍
Camp sites have increased their prices and installed electric meters !!! So I think people are hanging on for the time being !
Yes, hopefully sites can return back to normal too, but costs need to come back down. With wages about to increase its another blow that will unfortunately increase prices or stop a drop in site prices I feel.
about time regarding electric meters, the 'ive paid for it ' brigade are reaping their rewards of selfishness 🤣
The prices on caravan sites is extortionate
You can go abroad for the money they are asking for a week
Ridiculous
We bought a caravan to enable us to go on holidays as a family, we did not plan to sell, still don't, lots of reasons why people sell, but I think if you keep it and enjoy it, then it's a great investment
Spot on, if you don't have it, you don't have a holiday, or the alternative is pay for a week away and only have a few pictures after.
Undoubtedly, this is not an investment. Let's be honest, the dealers have deceived you. I sympathize with all those buyers who were taken advantage of.
@jockserb3405 depends on what you call an investment, financial investment totally agree a caravan is not an investment.
Investment in family time, the ability to go on short and long breaks in an affordable way, a place that memories are made, then so far our caravan has been a phenomenal investment.
i,ll stick with my 1995 avondale harrier, just serviced and ready for another 29 yrs. everything works and tows like a dream. nice vlogs indeed caravan place.
It seemed that new vans shot up in price after covid , more than was proportionate to the manufacturers costs.
A good example is Adria , we ordered a new altea start of 2021, 18 months later the price was over £8000 more. The van we brought would have been out of our price range if we hadn’t ordered it when we did. Obviously a £8000 increase is far more than adrias manufacture and transport costs increase .
You've got an Internet browser go see how much raw materials spiked during and after covid. Trading economics website is a good start.
yes it was dealer greed. and an adria is only a cheapo caravan. how csan they justify an extra 8 grand ? materials would still be the same stuff in the yard at the beginning of covid. i remember the manufacturers complaining because they had factorys full of materials and nobody allowed to go to work.....
All good points, but everything went crazy in price.
Don't forget that the £ has slumped against the Euro and that will have hit the cost of imported vans like Adrias. So it's not just manufacturing and transport costs in there.
I had a 2016 caravan,when I sold it got £5000 more than I paid for it in 2022
Campsite costs.
Fuel costs.
Clogged up Roads.
Poor Road surfaces.
High interest rates.
Much cheaper to stay in Hotel or B and B.
Try booking in with kids and a dog and need entertainment. Hotels and B+B are boring.
Total Sales Jargon….. Caravans are a depreciating assets which means they devalue over time, on average 20% per year for 3 years and thereafter 10% …. The caravan consumer is typically working class client who more often than not cannot afford a Camper van, because of price gouging during Covid by dealers, consumers are voting with their feet and staying away because of excessive costs of caravan parks and insurance costs. It’s basically the Law of Diminishing returns. ❤❤❤ He’s a good Del Boy 😅
The costs of caravan sites is outrageous, cost of pitch, additional persons, awning charge, pet charge, electric charge and additional car charge makes caravaning too expensive for families. Cheaper in a B&B. On top of that the inflated cost of the unit and them maintenance and repair, if your caravan is older the cost of parts is frightening, a small toilet skylight for my 2006 elddis £300 just for the part.
People have figured out that anything made since 2019 is a shitbox.
It across all caravan industries caravan site fees up a lot, tow cars gone up stupid prices if you can get one electric car are useless for towing I am on my last year warranty for my elddis which has put me off buying another one so I am running it down till scrap same as my mondeo estate nowv14 years old only 88thousand miles tha will last me another 10years I been caravaning since 1974
Thanks David 👍
You don't really go anywhere with that caravan and Mondeo.
Surely the price drop over 12 months is due to the van being older, besides that the market of used vans is being saturated with vans from the result in covid purchased vans by people who weren't going abroad at the time, demand then put prices up so now there's obviously going to be a fall back to norm. As in the car trade the rise in interest rates have put people off buying, this does affect what you can charge, no one who is a experienced caravan owner is prepared to pay covid tax on top of high interest rates.
Thanks 👍
People bought them during the past 3 years with the scare situation limiting travel and now don't want them!!!
Because after covid they went super greedy
Now things have calmed down
Buyers are thinking nope
Been well overpriced for 3 years now. Everyone is going abroad now after COVID. Motorhome are the same. Values have dropped 25% over the last 2 years. Cost of fuel is also an issue.
Campsites are getting greedy , minimum facilities and overcrowding.
10% drop in value for a caravan that's a year older. Doesn't sound like a crash to me.
Caravans are dropping in price because the site prices are too high. You can go abroad now for the price of 2 weeks caravaning.
I do think another of people are not happy with the big increase in fees for some sites also people are being charged for dogs I recently saw a site charging £5 a night per dog this is just my personal thoughts.
I was a caravanner for over 30 years. In my view whats happened in the caravan world. Anybody with the right car could tow a caravan. Not now over a certain weight ! You have to take a towing test ! .This has put alot of younger people of caravanning. I used to go away for a month at a time using a leisure battery, now everybody wants electric hook ups micro waves, a tele and so the list goes on. Narrow boats holidays have gone the same way. Where Caravan holidays were cheap not anymore. Young families could buy a cheap van and go away for their holidays . How times have changed...
No More towing tests, it changed a couple of years ago so anyone can now tow. 👍
Try buying a static. You’ll need to be seated when the greedy site owners offer you what you bought it for. You’ll be lucky to get blow on a rag mans trumpet for it. The depreciation is phenomenal.🤨😤💰💰💰
It’s good to see the prices going back down for you all.
New Caravans as well as used are still massively over priced in Australia due to the COVID holiday craze and rental property affordability issues, hopefully our prices are not too far behind you.
There's a glut of secondhand caravans too. Our local dealer wouldn't even look at ours last Autumn.
Never never understood why people by a decaying asset when you could pay for your holidays with the interest in the bank for what you pay on these things.
Guy in my village bought a 2022 Motorhome for £110k last year. As new apparently.
£100k in the bank would get you £5k at least in interest. The capital is still there and not lost to depreciation. £5k per year goes a long way for trips away I would say.
Caravans are a luxury item, people generally are struggling to live, plus it is getting harder to find a place to stay.
Prices dropping, I wish. The 2024 Basecamp 2 is now 25k. Before the pandemic they were about 17k & that was the plus spec. Less is more I think 🤨
There is a major correction coming in the motorhome market. Eight year old motorhomes being advertised for more than what they cost new is not a normal situation. We bought a new Elddis motorhome in 2016 for £39K. New price today is over £65K which is well above the rate of inflation.
A number of 2016 models of the same motorhome (now eight years old) are currently for sale on Autotrader for over £40K!!!!!
Regarding caravan site prices, similar thing happened 30 odd years ago when the sites became greedy, It was far cheaper for a family to holiday abroad to the "del sols" than camp for a fortnight in the uk.
Great video Mark. Any market doesn't keep rising and rising, there has to be a levelling off point somewhere and this is usually preceded by a drop in prices. It will be good to get back to a normal market place but unfortunately some of us will lose money if we bought at the peak. We all accept that when you buy a new car your trade in/ resale price will be lower than you paid for it and this is really no different in the caravan market.
Well said! 👍
Agreed, buying new, straight away resale price much lower as soon as you take it off the forecourt, but it was the new sale prices that were overly inflated…as Gordon gecko said “greed is good”…
Several reasons. Supply and reduced demand. Over inflated dealer prices. Loads of issues with water ingress from Elddis, Bailey and swift. Coachman always at the top of the list for quality. No choice anymore with only 4 major British manufacturers. Adria blasts them all out of the park for quality and longevity.
Im a caravan/motorhome valeter in Devon and ive been valeting alot of caravans for customers to sell. Main reason i am seeing is the families just havent got the spare cash for an expensive luxury. The people who have the cash like the retirement age group seem to be riding it out.
We saw a drop in families buying last year, but a positive start so far and more interest from families.
Since selling our van to a dealer & the dealer making a huge profit from it, we've been looking at getting a motorhome.
There's some dealers that are still over pricing & others that are open to sensible offers, indeed there's a dealer in your part of the country that's told us the market is extremely quiet & are wanting to deal with anyone ready to buy.
On asking how much off an advertised £39,995 used motorhome, they've said they can reduce it to £34k.
They're desperate for sales.
Hi mate just thought I'd get your opinion on prewash for a van in storage covered in algae, would an apc be safe for the windows at a 20.1 or 10.1 dilution...thanks
@@richardkirk9421 I always do a pre spray around with Autoglym Clean All (apc) doing the panel I am about to clean. Just do not let it dry. I tend not to spray direct onto the windows. I have also used Rhino Goo Caravan cleaner with good results
Courtesy of rip off energy prices and food prices
1) As long as those people who bought last year out right in cash they are ok but if people bought on loans or PCP their now be in negative equity. 2) I don’t think the full market cycle has complete the motor home market will get hit as a) people are still reducing spending b) production exceeds demand c) people who bought in during COVID return to their old holiday routines and try to offload their purchases.
Yes everything has to settle as some point. 👍
Great update video and what you say makes sense. We purchased our 5 year old caravan in late August and we could see over the couple of months we were looking how prices had fallen a tad. As you say swings and roundabouts and if you change all prices have come down so the price to change should be somewhere near the same. 😀😀
Yes spot on 👍
Caravan prices are dropping all over Europe. The demand is no longer there.
Prices will continue to fall as there will be a glut of second hand private sales in the years ahead.
Also family caravan holidays are no longer affordable.
Great video! I really like your style - the running narration about the market whilst giving us a great preview of lots of vans without stating they have cupboards you can put things in & a stove you can cook on, etc. Lots of info and in a quite timely manner with a pleasant non screechy voice/accent. Good camera work too. Well done the pair of you! 😄😄
Not sure about the accent bit 😂😂😂😂
Hahaha, I should have added that I'm an Aussie & nearly all the caravan/RV ads we seem to get are from the US with rabid salesmen speaking in extremely excitable high pitched screeches, whereas your voice was so smooth and easy to listen to. It may also be influenced by my having a British mother so I naturally prefer a British accent! 😂
Good videos, Mark.
Thanks 👍
I think the Caravan industry is no different to the rest of the leisure Industry, retail motor industry or indeed everyday commodities such as food shopping. Obviously Covid has had a major impact on the supply of new Van's, Cars etc and the shortage of labour and raw materials but greed plays a big part of this! Somebody somewhere sees the problem as a way of making a quick buck by hiking up prices particularly in the used markets and as long as the public is willing to pay those inflated prices they will sell. When the public says we've had enough of this and we're not willing to pay these prices anymore the prices will drop back down again. The marketplace runs on what it thinks they can get away with charging to us the public. Take your weekly shop, I go into Sainsburys weekly and have noticed since Covid that some prices have escalated by 100% on a lot of items I buy. Has inflation really increased in that time by 100%? No it hasn't. In a nutshell, those retailers/manufacturers in any of the markets that start to go out of business rightly deserve to, they only have themselves to blame. Have you seen the cost of B&Bs lately? Pre Covid I was paying around £40 per night for a single room in a bog standard B&B, now these same people are asking for a £100 plus, pure greed!🤔☹️
Everything has to come back to a normal, it's now finding the normal, some things are still not going to move much, a lot has happened in the last few years, just minimum wage on its own has increased by nearly 35% since 2020. So costs can only come down so far.
I sold a caravan before covid for about £2k. During Covid the same year and model was going for £5k (yeah, gutted) Prices are now getting back to normal. It didn’t need 10 minutes of waffle to explain that.
Thanks Adam, I normally get told to be not so quick 🤷
You’re mixing what your missus says with what viewers say…
Towing of caravans by EVs are to be included in new legislation due to the combined weight of EVs and caravan which would prohibit larger heavier caravans been towed, apart from the obvious poor range and charging infrastructure, the net zero dream strikes another own goal in Great Britain's leisure industry.
I am not sure the EV will still be a thing of the future.
Slightly off topic, but I saw that van layout at the NEC show last week, Who in their right mind puts the bathroom in the middle of the van so you have to walk through it to get to the bathroom. Anyone who wants to get to or from the bedroom has to pass anyone straining on the bog. You can't even close off the toilet with a door from anyone walking through.
caravan prices always seem odd to me. i stay with a couple of mates in one off season. at the camp they are also selling the caravans, 30 thousand plus, it's like paying for decades of holidays in advance except the caravan will bite the dust before that time has elapsed. unless you really love the place the caravan is and visit every other weekend i cant get my head around it.
The dealer I bought mine off back in November . Told me he is selling more to full time van lifers than lesiure users. And it has been a bit of a life saver for him. I suppose the economic & high rent climate gives some a boost.
Hi Mark, I love your channel, have you done a review of fitting or adding Wi-Fi to the caravan
Not yet! 👍 Will see what we can do.
I agree the market has been a roller coaster and has put some buyers off either with the prices going to high or dropping to much a bit of equilibrium would be nice for the up coming season.
Prices are coming down in Australia, when we bought our van 6 months ago they were only on the market for a week or two, now they have dropped around 5K AUS and are taking months to sell.
It sounds like it's a similar story around the globe. 👍
In my opinion, after Covid there was a knee jerk reaction to foreign travel & people with no real idea rushed out & bought Tents, C/vans & Campers. After that its just supply & demand. The builders over produced to match the market but the market returned to its old habits. Now they will all be holding too much stock, which they have to pay for after 28 days. So with a 2K discount offered I will be puching for a 5K price slash this next month. I might not get it, but I will be pushing for it. Hope everyone else takes the same approach.
Caravan prices are ridiculous now. What was £30k 2 years ago is now £45k. Motorhome prices are even worse where they want you to pay £65k for a VW van which was around £40k 2 years ago. They realise the bottom is dropping out of the market with electric vehicles. How far you gonna tow a 1500 kilo caravan with a battery car?
In Australia, prices of used vans have crashed. But most of the dealers a still trying to rip customers off. When we were looking for a new van the stealership quoted us $65 grand for what is essentially what we currently have just a bit newer. We seen the same vans as we currently have at the stealerships for double the price as we paid for ours and theirs are in crap condition. Let the pricks go broke!
Oh dear 🙈
Quality of caravans is shocking now, even though prices kept going up. Same with motorhomes. However campsites charging exorbitant fees hasn't helped. Buy a caravan, and you'll find you can't afford to use it much as the stays on sites are prohibitory.
Sales will drop all 2024 and 2025 because of interest rates. Too much inventory and too many used of any thing that are for sales.
Caravans will be finished once EVs take over the roads. Their range drops so much towing a caravan its not worth it. Try getting on a charging bay with an attached van. They literally won't be able to give them away in 2035 or before
My last quote for a pitch C&CC Scarborough 7nights £133, Flower of May Filey 7night £199, Large caravan sites robbing people who are stuggeling to pay their heating bills and now cannot afford a holiday.
What do you think is a fair price ?
It's just boring bland beige fibreglass boxes all look the same. Expensive to buy, insure and keep. You need a larger car too. When it comes to AirB&B workout far cheaper, the goes for same motor homes unless your fulltime.
Bought a second hand caravan last week and got it very cheap from a private seller , it will be alot cheaper for me and the family to go away in than paying the price of hotels throughout Ireland
What did you buy and how much please?
Dam in 4 years am planning to buy a retro caravan
They are nicely laid out, but where is the fridge, washing machines, wifi with big screen.
Not here in Aus. Our waiting list is out to 22 months. We like others had to cop a 20% increase in productions costs. So I would be very careful whom you buy off because margins are so fine they might not be here tomorrow.
I was in #Brownhills at weekend having service never seen it so full of vans and motorhomes for sale… to replace my 2 year old van now for exactly small model it would be 20k more absolutely ridiculous servicing has also gone up it’s the last time I will be visiting will be using independents for hab checks and servicing in future..Second Motorhomes and vans have got discounts but they are still overpriced you mentioned some dealers may be going under it will be same for motorhome dealers sat with massive new stock no one buying.
An overpriced cartel.
Good to see the market dictating values at last.
We have been hit with the drop we bought a brand new caravan in July last year now the 2024 is up for sale for £3k less than what we paid. gutting really, but it is what it is.
You made the best decision for you at the time. You also had a year of holidays and memories. £3k is what one summer holiday abroad?
It's difficult when the prices have taken a quick drop, but it will now level out. But you have hopefully had holidays already, if you look at going away for 1 week, you won't get much change from £3k and only have a few pics and memories. You can have as many holidays as you want, when you want.
But you did have the use of it for last year's beautiful summer weather. Oh no, wait...
Robinsons caravans have felt it. They have gone bust. I used them and purchased vans from them. So sad to see.
Yes sad, but I think it was the management companies fault, they financed everything to the max and had no room for a dip in sales. 👍
I always wondered why the U.K made caravans are not so popular in Australia
The "bad to shocking" roads here would just Kill them too quickly (due the materials and designs used) as even the locally made dual axle Caravans can get badly damaged when the wet weather destroys the B roads.
And all that sloped and skylight style of glazing and lack of air conditioning would be like an oven 9 months of the year here.
Beautifully finished vans in the U.K though and at least half the price of what we have to pay for that size.
Prices of used caravans in Northern Ireland still going through the roof, almost double from last year.
When a fully serviced pitch is £40- £50 per night and you can get a hotel or b&b for £70 per night why the heck would anyone want to drag a big aluminium box at 60mph using a third more fuel versus 70mph solo, it makes no sense. I’m an ex caravan owner. As for the motor home market🤦🏻
Well the difference is that, he's talking about the European Market and not other places like the U.S. and other places. But, those things aren't cheap either, it's good that the prices do drop.
Thanks for your comments, we are in UK so only based on our market, but does look and sound similar in other countries 🤷
Intersting Mark. I know some are going bust and I know of one big company who has had their credit lined revoked. That will hurt prices more as the administrators will sell off the vans to reclaim the debt. We are considering coming back in. Issue is people private still want same money. I am just going to offer bottom prices and see if anyone bites.
The more over priced vans on the market, the less get sold. At some point they have to realise the prices have dropped.
awe poor dealers rip of prices coming to an end now well will just have to start competing for business again like everyone else out there
Dealers never made bigger margins during covid, we had to move with the market, prices were driven by, little choice, raw materials to build new, massive inflation and low interest rates. It wasn't healthy and a return to normal is welcomed 👍
well nice to know thank you for your reply and i am sorry for making assumptions good luck for the future @@thecaravanplace
£50-60 a night airbnb smokes this
Its because of the prices they charge to park up now. Thats put me off now.
It’s like an advertisement from the fox in the chicken coop
they are a place to eat and sleep they do not need to be a palace on wheels,too much crap in them
Motorhomes / caravans / campervans have been overprice for the last ten years, you take you own facilities but campsites charge you the earth to just stay , EV really can't tow caravans cutting the range by half
The overseas travel industry getting back on its feet means that people are choosing overseas travel rather than buying a caravan. Also the overseas market for caravans to countries like New Zealand has been affected by the rising costs of shipping due to the unrest in the Red sea, container costs have risen significantly.
Fuel Prices is a major factor !!!
You should see the price of caravans and vehicles here in Australia 😢
The reason the prices have dropped is people don’t have money and this country is going down, don’t be afraid to say it…,,
He's walking mud into all the caravans, lol! But I agree that the sites are just asking too much per night, especially in the school holidays. £50 per night on some sites! Plus the summers seem to be getting wetter, so can be more of an endurance than enjoyment, especially when you've got kids and grandkids. In Devon, we had a stream flowing through our awning, we were making paper boats to float along and entertain the kids!
Isn't a 2k drop in a year on a 20k caravan mostly down to depreciation?
The dealers have been manipulating prices by overcharging and taking advantage of customers. However, now they claim that these dealerships are on the verge of bankruptcy. How is that possible? What happened to all the extra money they were making without offering any discounts? Whenever you asked them about it, they simply laughed at you. It's quite astonishing to see that even after reducing prices on the caravans, they are still significantly overpriced by thousands of pounds compared to their original value. Additionally, I would like to mention that the COVID-19 pandemic is over, so they can no longer use it as an excuse. Prices have dropped significantly, but dealers will struggle to sell their inventory unless they drastically reduce prices, which seems to be a challenging task for them.
Hi Mark, great video, agreed with 99% of what you said, but I do think we are having to adjust our pricing because people aren’t buying. I’m definitely not seeing footfall on the four court, which has effected sales, there are going to be a lot of deals on new like you said this year, I got out of new just in time. Also there seems to be a lot of people getting out of caravaning, being offered lots of stock. The motorhome market hasn’t suffered as much because the people buying those aren’t so concerned with rise in the cost of everything, and the market had been on hold due to a lack at parts for a few years, so that log jam has now been realised. Hopefully as the nights draw out it’ll stimulate the market a bit.
Great to hear 👍yes would say the same on footfall. But been a good January on sales though so fingers crossed, for the rest of the season. I'm now starting to compare figures from before Covid to get a good idea on where things are, last auction prices were very strong also. Been pleasantly surprised with the amount of first timers, due to a rubbish summer for tents. A big increase for families looking and buying again. Still funny how people think dealers were making huge profits during covid. ( If only) 👍
On our numerous travels to many motorhome dealers, many are doing nothing with us being their only customers overs many hours. We're ready to buy but with the market being so slow, we're only doing so when we find the right motorhome at the right price.
We lost many many thousands on our van to a greedy dealer offering us little, but making a huge £5k profit on it.
We're not going down that road again.
On our numerous travels to many motorhome dealers, many are doing nothing with us being their only customers overs many hours. We're ready to buy but with the market being so slow, we're only doing so when we find the right motorhome at the right price.
We lost many many thousands on our van to a greedy dealer offering us little, but making a huge £5k profit on it.
We're not going down that road again.
Unfortunately 5k isn’t a huge profit on a Motorhome when you take into consideration the risk factor, I’d say that’s the minimum they’d need to make, don’t forget the vat has to come out, cost of preparation, and all the overheads we have as dealers..
@@darrenbull345654
It was a caravan the dealer bought from us for 8k & sold for £13500.
Not a bad profit for them.
i had noticed a few dealers acting as a broker for private sales rather than them buying the caravan and then selling it, is the price drop the reason Mark? I suppose it prevents the dealer having to buy a caravan and having to sell it at a loss
It's dropped by £2k because it's 12 months older.
The vans wete 12months newer ..hence more costly
Wouldnt give 10pence for a road blocking snail !
Motorhomes next. Vw prices dropping now
More complicated to travel to EU countries, upcoming visa requirements , longer queues at Dover and shorter stays.
Could the high caravan sites charges hike have a impact on weither people are buying caravans.
our 2020 porto is holding stonking prices
Yes you were just at right time as prices went up so much, they have a long way to drop to make any difference.
I believe that you have been deceiving us regarding the events that transpired from 2019 to the end of 2023, profiting from inflated prices of caravans and motorhomes. The substantial earnings led you to expand to another location, but now the situation seems dire. Despite the significant profits, I hope it will be enough to salvage your business amidst the impending challenges ahead.
We have actually not done any better or worse with covid times, if we could have got the stock, and had the staff then yes we could have done pretty nicely, because the way things were selling was silly. Everyone has this idea that manufacturers and dealers have ripped everyone off during covid. Dealers made the same profit margins as before covid, we were just paying more for the stock. And Elddis are cutting their workforce by 40% as they actually lost 4.5M because they couldn't produce enough to cover costs.
Greedy dealers deserve to go bust
Am sure their staff would agree
A couple of incoming problems for the caravan market. Lots of people with money are buying or leasing EV's ,many of which are not suitable for towing. Also last year the weather was quite wet in the UK, so many are choosing to take inexpensive holidays abroad with guaranteed hot weather
The days of cheap money loans are gone and that's why prices are dropping, repayments are higher on borrowing less money.
It's amazing how the interest rate dictates prices of everything 👍