Will the UK Motorhome Market CRASH in 2024? Here is what we know
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- Опубликовано: 15 дек 2023
- In this video, we're going to take a look at the UK motorhome market and see if there is a potential motorhome market crash in 2024. We'll be discussing the current state of the UK motorhome market and what factors may lead to a potential market crash in 2024.
So what does the future hold for the UK motorhome market? We'll let you be the judge! After watching this video, you'll have a better understanding of the UK motorhome market and be able to make more informed decisions about your motorhome purchase.
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Do you think the market is headed for a crash or do you agree with me? Let me know!
It's already started.
See my other comment on this.
Iv read it mate very interesting
not sure about those subtitles mate, save them for tiktok
Was a bit of an experiment to be honest, but too much I think? Do you think OTT?
@@OnlyVans channel is a good concept, i would imagine your audience target age isnt really the tiktok generation. Dont think you need the gimmick, you'll do alright
Plus if anyone needs subs they can switch them on
Appreciate your feedback mate, hopefully you will sub and stick around and watch the progress!
@OnlyVans sorry mate. Just come across your channel. The OP was right. I just can't watch this for more than a minute. The subtitles are just too distracting for me. This combined with the snappy zoom in and out which is also a pain to watch means you're not getting my sub. Sorry fella
I get that, to be fair i have only ever done it on this video it was an experiment using some new software. I wont do it again..... Who knows maybe the next one will get your sub mate! Wish me luck!
I dont agree with you. We bought our 6 berth , one year old motorhome in July 2019 before covid , owned it for 4 years , did 5k miles in that time and sold it last June' 23 for £10 k more than we paid for it . However at 7.5 m long , it wasnt the most pleasurable vehicle to drive on the road , or god forbid having to park it - you cant drive a vehicle of this size and expect to find a parking space in whatever town or place that we were visiting. I think I sold near the top of the market and have zero regrets selling it after it dawned on me that it was a £50k + asset that sat on our drive way for 40 weeks + in a year.... and lets not forget the annual cost of insurance , the road tax , the hab check , and expensive daily rates to hook up on site etc. There are two major motorhome / caravan dealers very close to us in North Somerset and their forecourts are packed with 100's of new / 2nd hand vehicles. Most of their inventory has been sitting there unsold for last 3- 5 months ..., but salesman says spring / summer is coming and prices will increase .....yeh right !!🤣. Supply post Covid has now caught up and these dealerships have m/homes with window sticker prices north of £55k - £70k for 2nd hand and £80k - £100k+ for new. The UK is now in a recession (as of Feb '24) , high interest base rates that are not going to come come down anytime soon due to current 4% inflation , so wake up and smell the coffee b/c the caravan / motorhome bubble is starting to crash b/c joe public cant afford to buy. As a consequence , greedy dealers are stuffed wth huge amounts of inventory that they wont be able to shift , unless they offer significant discounts and are probably a going to go bust - the bubble is over.
Interesting opinion mate and very well put!
I want to buy now, so , better to wait and see?
dont be put off by age if serviced regularly. You will get more problems with a new one than a cared for older moho. I saw a vw camper van the other day which was shiny and new but 80000 pounds! its worth 45000 max so stop buying new is my advice.
Market is finished now he is trying to talk up the market , don’t buy this year just wait prices are falling fast
Im not trying to talk the market up, just my opinions matey
Research research & more research is the way. I & others care about potential buyers not losing their hard earned money, just as many already have due to false opinions.
Remember, an opinion means absolutely nothing without studying & researching the facts.
The market started falling many months ago, since the market is crashing. Anyone watching the market enough, can see this.
Don't fall for anyone who talks the market up, they're mostly doing it as they have a vested interest in doing so.
@keepitreal1547 I don’t have a vested interest mate, I just have a difference of opinion than you. I don’t understand why I’m not allowed to disagree?
Dealers local to us aren't selling anything been today and same vans as October and no one else there looking
@@tman5634 How long more will they stay open if they are not selling
I had to listen to your video, watching it was too painful with those seizure inducing subtitles. Your talk was interesting but please, please use a less childish form of subtitling.
Iv had a few people say that. Noted and feedback taken on board
@@OnlyVans Much appreciated!
Well done on listening to your audience. As everyone who reacted has said, your content is good. Keep it up. 👏👍
I like your content Mate. It's really weird though the way the camera keeps lurching in with the zoom. What you're saying is interesting enough, and the screen is busy enough already with the dynamic subtitles, so I think it's a bit unnecessary for this type of info-based video. Hope you don't mind the feedback my friend - it comes from a good place from a fellow VanMan.
I think your right mate, was tinkering with a few bits. But I whole heartedly agree it’s probably too busy. Needs either or I think. But taken it on board 100%. Thank you mate. Hopefully it will be better on the next
@@OnlyVans Ah, thanks for that classy response. I knew you'd be OK with feedback - some people get a bit tetchy, so I appreciate the positivity. Also, because I work with adults with cognitive challenges, I'm hoping generally to encourage videos that are watchable for them as well. So far, I've received LOADS of positive feedback for two things on your videos:
1. The fact that you have large subtitles - much appreciated by the elderly and hearing-impaired.
2. The fact that you DON'T overlay music on top of speech! So many videos are ruined for older viewers and hearing-impaired listeners when the speech is mixed with unnecessary music. Your speech is as clear as a bell Mate.
You're really helping people with different challenges access your stuff, so kudos to you my friend and more power to your elbow!
We just try to make videos that people watch, sometimes we get it right sometimes we dont. We keep trying to be better and we appreciate any feedback!
Hope so, I might be able to afford one again if it does. Although I'm not sure I want one now, things aren't what they were in 2018-19. Rip-off sites and can't park anywhere we used to go thanks to the covidiots spoiling it for everyone.
I dont think 2024 is gong to be the year of the great reset mate!! Much later in the decade i reckon
The prices are to much to bloody high. I can buy a retirement flat for 60 .000.with a 99 year lease
The costs are high currently but I don’t think they are going to come down…
I agree prices are NUTS. I bought a brand new Bailey Pegasus Ancona S2 for £13,000 in 2011 and enjoyed it with my kids until 2020 when I sold it for £13500 to a family friend. I could have got more for it too!
Wild isn’t it
@@commuterbranchline8132 but with inflation that £13500 is worth less with around only 50% the buying power
Hopefully the campsites will start to empty out and stop their crazy pricing. Some site want £30+ for a parking spott on grass no electric. I dont pay over £20 unless i need to be somewhere specific. Motorhome and Caravan rallies are where its at. My club, maximum price we pay is £12.50 pupn.
yes - oversupply+overpriced=crash - it's happening right now in the world of new bicycles and in the US RV market its been trendindng down for the past 9 months - crash is of course a little dramatic - rightsizing and resetting is a little more pc
See I think it is going to be another record breaker…. But I agree there needs to be a rebalance at some point. Hope you enjoyed the video?
Those that do proper research know what's inevitable & there's only one way the market is going.
There has NEVER been so many campers/motorhomes for sale at this time of year EVER.
Supply is huge, yet demand is at it's lowest for 12years.
The bubble of the past 4yrs has well & truly burst.
Research Reseach Research is the key & everything points to an initial crash to pre covid prices...then go from there.
Supply is outstripping demand by an enormous number...the opposite of covid times.
I genuinely feel for those who bought during covid & now want to sell/are forced to sell.
They will be losing hugely or just get stuck with what they don't want.
I dont agree!
I dont agree! Have you just copied and pasted your responses?
I think the market will stabilise at best. Caravan dealers are slashing prices at present as can't see them. Van prices are dipping especially for any vans non euro 5. I think market will come down but not major yet. The only saving grace could be interest cuts next year.
Sorry mate thought we’d come back on this
Your talking up the market buddy. Arse is falling out of the Motorhome & Caravan market. Recently some major new dealerships have gone bust!!!
This video was filmed and released in December, it appears i may have been wrong....
Deals on new motorhomes are already here and stock is starting to stall on forecourt’s. I bought a new lakia September last year got 11K of new 2023 model. I was also offer big discounts on other brands.
Dave is extremely knowledgeable and anything he says should be considered!
@@OnlyVans great to have our chat the other day. Looking forward to watching you and your family adventures 👍
@daverman68 it was great to discuss your points and you made a compelling argument. It was very adult of us!
So instead of buying second hand , thrash a deal out on a new one?
Its not only the price of them its the upkeep of them..repairs..tax...spiraling insurances..tracking devices which a lot of insurers demand..cam belt changes etc...I think a lot of newcomers to the motorhome family will be suprised at the overall cost of owning one
I'm looking now at a 2016 kontiki ,£60 k. Outright buy or money in the bank and no holiday. What to do , i hate loosing money. I`m a chrematophobia.
Tough one isn’t it…
I hope so it’s ridiculous. It’s now not the cost effective way to holiday.
It’s a bit like some campsites that charge £55 a night… almost hotel costs
@@OnlyVans yes indeed and the spontaneity of being able to just rock up and not plan has long gone. Scotland turns into a nightmare in summer and the lakes is as bad. Plus a new vehicle is beyond most peoples price range. They have not innovated but the price has gone up.
Price are already falling especially in the SH market
Been following Van prices through auctions aston barclay for one in the last two to three months Van prices have not even made bottom cap book, many haven't made reserve sub 5k ok just about but dearer stuff falling like the prestige cars, your thoughts?
Good point
Cant watch this due to the crazy flashing subtitles, a great shame as I was interested to hear what you had to say. BIG mistake.
Iv learnt a valuable lesson regarding these subtitles. It was an experiment. I got it wrong. I’m sorry
Well I’m waiting to buy a Rapido ff600. They are like golddust so someone is doing ok
The market will crash. All the Motorhomes bought in the lockdown are now being sold as people are going abroad again. Plus there’s hundreds of thousands of self built campers knocking about. The coach built Motorhomes are absolutely crap quality made with the cheapest materials. Total rip off
Our Elldis motorhome is 33 years old this year! Cost us £13000 in 2000 its still as good as it was then in fact better, upgraded led lighting etc would never swap it for a new one !!
I like the polite way you are telling people they will be paying to much for a motorhome in 2024 and when the crash comes, and we all know it will, they will be crying into their air fryers and rice cookers when they find out how much they have lost 😢...
We have an air fryer 🤣🤣🤣
Get this, real case.
New VW camper bought for £70k 2.5yrs ago...now they can't sell for £40k.
Best offer they've got is currently £36k.
9k miles on the clock. £34k loss if they sell.
@@keepitreal1547 but all that money...gone😮💨
He isn’t a real person mate…
@@OnlyVansI’ve got a rice cooker 😂
motorhomes are definately cheaper now than 3 years ago
Do you think? I’m not convinced of that? New or used?
Do you think? I’m not sure? New or used?
I think that the prices of new motorhomes is far too high and if there is any correction or drop in the market it will affect new sales. the second hand market place will stay busy and the prices stable as the cost for a new models continues to climb. But who knows what is in store after witnessing what people like Putin are capable of ?
Think your right
All these so called xsperts in my humble opinion are not adding in the cost of saying on site it is going upand up it is making pakjes holiday more a foldable the industry is kormiting😢 suicide
I know what you mean!
Just buy a standard van, insulate and carpet it out yourself, take away bulkhead, rock and roll bed/blowup bed and go explore. Park by beaches, layby lake's, villages, campsites etc, eat out, pub crawl, site see etc. Save yourself 10's thousands of ££££££££. You don't need a 50k camper.
I wouldnt know where to start to do a self build!
Problem is ,my lot are used to luxury 😒
Skip to 8.56 for the answer
Thanks mate
I think exactly the same price 😮
I think you may be right!
There appears to be somrthing wrong with the focus on your camera!
What do you mean Liam?
This is a good analysis, thank you. But crikey, the presentation is really distracting. I looked away and just listened to the interesting commentary instead. Please excuse me being honest, but I found the flashing text and continual zooming in jumps most distracting and even sore on the eyes. I'd suggest redoing the video because your content is otherwise good. But I have subscribed to the channel. Cheers.
If you looked back at my other videos Iv never done it before and I would do it again as it received negative feedback back. Thank you for the 2nd chance
@@OnlyVansit received negative feed back as it was inaccurate and poorly researched. Motorhome sales dropped by 9 % in the last quarter of 2023. Marquis have a 150 new motorhomes in stock, this time 2 years ago they had none. 10,000 on auto trader. There is a report Jan 10 by Autovista24 that will confirm that the drop in sales is world wide and the uk is one of the worst. If you are going to do it again please put more effort in. Southdowns have 7 brand new motorhomess still available from 2022 stock.
was interested in your video but the choppy zoom thing has made it unwatchable
Thanks for the feedback, tried something a bit different on this one. Seems to be the general consensus. Hope you stick around for the next
Very irritating zooming in and out multiple times in the same shot. Put me right off the subject.
It is the only time i have ever tried it, wont be doing it again, a lot of people have said similar things to be fair mate
Yes good video buy don't like the subtitles sorry
Your not the first, and probably not the last. I tried something different on this vide and appreciate the really candid feedback. Will work on it!
I've extensively research this very subject over the past two months.
My conclusion is that
1) There's never been as many campers/motorhomes for sale in the UK at the same time of year EVER.
2) The raw materials that put the new prices up during covid are now materials of abundance & cheaper than the past 12 years.
3) 70% of people that bought a camper/motorhome during covid, only did so because they couldn't get aeay in their regularly prefered holidays...NOW they can.
4) 65% of all buyers during Covid, haven't used their camper/motorhome this past year.
5) 82% of all sales where financed.
6) Those who now want to sell/are forced to sell, are struggling to do so because the demand is only 22% of what it was this time last year, plus way too many for sale.
7) Those asking the numerous big buyers to buy from them, are being offered crazy low prices...circa 20% lower than what would have been offered 12months ago..& thats only if such buyers want.
8) This being because these buyers have information at hand on the reality if the market...which we've got from the horse's mouth, is only going one way...DOWN.
9) The US car & now RV/motorhome market is in freefall. The UK always follows.
10) RV/motorhome dealers in the US have been going out of business daily these past 3-4 months.
A re-set to enable a stabilised market for all, will happen, will have to happen...& it's already starting with some UK dealers marking their prices down.
Greater markdowns will be needed.
The rest will follow. They have no choice.
Interesting insight… I don’t think it’s coming yet mate…. The growth forecast is too great for the next 4 or so years… be interesting to see
@@OnlyVans
Growth rate of what, in what?
We've been given all the data required, spoken extensively to the right people, including many honest dealers, big buyers & public sellers.
All both in the US & the UK.
Do you know there's UK dealers that have the same stock for the past 3-4 months?
@keepitreal1547 there’s decent growth forecast up until at least 2027 and 39% of that growth is forecast in Europe….
@@OnlyVans
In what?
Do you know the housing market is about to crash?
In the value of the Motorhome industry. It is ok to disagree, i don't think there will be a housing crash in 2024 either to be honest... I think they are both coming but 2024 isnt the year of it, in my opinion
Jesus mate can’t you keep your hands still..they’re all over the place like a demented flea …
Noted, tried something different
why do you have a face filter on not good
A face filter?
70.000 thousand pounds don’t be silly 😜
Zooming in and out is annoying, wanted to watch but can't make me feel sick.
£79,000
Very long story short... no he doesn't think it will.
#InANutShell
I found your vlog interesting, but I'm sorry, those subtitles are like something from an 80s pop video and really annoying.
Thanks for the feedback Raymond. Tried something a bit different on this but your opinion is something which seems to be the general consensus. Hope you stick around for the next one
I just checked. A Citroen based 21ft with a free solar panel and radio is 70K. A Transit variant is 5-10K more. And winter is coming ! Prices are not crashing on the continent.
And i don't think they will..... no drop next year i reckon!!
This video didn't age well
What you mean mate?
that constant zooming in and out on the camera is awful
Fair point. Never done it before. Won’t be doing it again.
You just need to look at how many Motorhomes are on auto trader, there are almost 10,000 which is the most in I would say 5 years. If you go a stage further and add in the widget that shows you how long and how many discounts that they have applied will show you that the demand has dropped of a cliff. I don’t have an agenda here as I have owned Motorhomes for many years and change regularly, so does not really effect me either way.
There's actually never ever been so many for sale in the UK at one time.
My continued daily research is showing even a more crash, than I thought a few months ago.
It's dire & dealers, individuals wanting to sell will know their true losses in the near future.
I wouldn't advize anyone to buy right now, unless there's a huge deal discount given.
In addition to Autotrader, my research with eBay shows the weekly average of motorhome/camper advertisements during the past 5 months to have been record numbers never ever seen before. The huge majority on a 30day BIN or classified advert being relisted numerous times over. Indeed the only ones of interest being auction sales starting low to gain interest.
@@keepitreal1547 I agree you don’t need to convince me. I have seen a few channels talking the market up for a while now and I don’t understand why? The reality and facts are plain to see, the decline in demand has been here for over a year now. I took advantage of it towards the end of the year and got massive discount and extras. I am strangely obsessed with Motorhomes 😂 so have a good insight into what is going on. The stock at Marquise is also telling over a 150 new vehicles in stock, I have bought of them in the past and this level of stock is very very high, I nearly bought a 243 of them but the discount all be in very big was not as good as the deal I got on the Laikia.
@@daverman68
When a good friend of mine loses a fortune at the hands of a false market, portrayed by a dealer, I've put huge effort into watching & researching the market for 6 months or so now.
My friend has become unwell due to his experience, he simply didn't have that money to lose & now finds he has no camper, but still a loan to pay (negative equity).
I feel it only right to publish my findings & will continue to do so.
@@keepitreal1547sorry to hear about your friend. He really needs to make amends or take down this video as it flys in the face of all the facts.I have pointed out the real facts that are free to verify but clearly he does not want to acknowledge he is completely and utterly wrong. He says he has insider knowledge and works in the industry, I don’t for one minute believe he does.
Your motorhomes are way too expensive. Good luck with them.
Those awful flashing words on the screen. Couldnt watch. Wont watch again.
I do apologise, tried something new. Didn’t go down great. Won’t do again
OK, thanks, awaiting your next with interest.@@OnlyVans
Your captions are so annoying. Bye 👋
It was something I tried, I tried it once got similar feed back not done it since
Boring
No bother Dolly