According to Practical Caravan magazine received today, dealers are saying they are experiencing considerable demand.
Though I was towing it over the lock down without any hassle.
I tried to buy a new caravan in May during the lock down as we use it for my work
Why ?
There had to be pent up demand from those who were not able to buy during lockdown and there has been a spurt of newcomers. I doubt this is more than a flash in the pan though, particularly if unemployment keeps rising and interest rates increase.
I wonder if the rapid change in quarantine that just happened will influence those choices?And dont forget that any rubbish weather will see some soon lose interest as the family opt for Spain next year!
Hi,Hi everyone
Me and my wife have been saying we'd buy a 2 berther forever and we've saved up finally.
With everything going on, we didn't know if this was a good or bad time to buy? Does anyone know if prices are low at the moment or whether this pandemic has meant more people are buying up.
We have just retired and are not in any rush and could happily wait a year if we can save a bit.
Thanks everyone
Dan
If you are buying nerwe I think the long term position is likely to be the same as it always was. Those buying second hand are paying more than they would have been worth if no Covid and the value will probably drop very quickly once the shortage has gone. To me new is not a problem but those buying second hand need to actor in the potential losses that may result.
The market is awash with discounts on new caravans,dealers are well aware that people have money they didn't or couldn't spend during the pandemic."Staycation" has pushed out delivery times and not prices.I'm not in that market but I'd suspect that discounts on new caravans have all but disappeared - so in practice the "staycation" high demand will have pushed both new and used prices up - but you'll need to be brave to predict when they will fall back to normal.
"Staycation" has pushed out delivery times and not prices.