dantrim
Yale. MI
Senior Member
Joined: 10/25/2009
View Profile
Good Sam RV Club Member
 Offline
|
We have been trying to sell our DP for roughly 9 months now due to health issues. I have it listed on 4 internet sites along with a for sale sign at our home. The internet sites only seem to attract spam abd the only traffic we are getting are people driving by and seem to be tire-kickers. I have searched similar units and my asking price is right in line with the others. I also have contacted dealers, both local and national who advertise good prices paid on these units, but they all offer in the neighborhood of 70% of my asking price. Do they all make $25-30K profit on these, and is the market really this soft, like real estate in Michigan?
|
ped
cincinnati
New Member
Joined: 11/11/2011
View Profile
Offline
|
I was thinking just the opposite. I constantly see used prices WAY above NADA value literally everywhere. Like 2-3X. So someone must be buying and buying way to friggin high.
|
Effy
MD
Senior Member
Joined: 07/26/2011
View Profile
Good Sam RV Club Member
Offline
|
RV market is saturated not soft. Just make sure your price is competitive. Everyone wants a deal and they are getting them too. You may have to sell at 70% of your price.
|
gbopp
The Keystone State
Senior Member
Joined: 08/03/2008
View Profile
Offline
|
How about a consignment lot?
|
holstein13
Fort Lauderdale, FL
Senior Member
Joined: 12/04/2010
View Profile
Good Sam RV Club Member
Offline
|
Please list the links to your online sites where you have listed the MH and I think you'll get much more pointed answers. I think the most critical thing would be that your unit looks great (i.e. very clean and doesn't look dated) and that your price looks like a good deal. Pictures are very important as well because that's the only thing folks have to judge by. I'd post as many photos as you are allowed in your listings and use a wide angle lens and use a great camera.
Dealers have a huge advantage because they have 1) New models, 2) lots of choices of motorhomes so buyers can select one that works for them 3) They offer financing. 4) They have service departments and 5) they have professional sales associates who are highly motivated. 6) They are not affected by the endowment effect (i.e. they have less emotions) 7) They buy motorhomes cheaper than most of us can because desperate people come see them to unload theirs.
That's why you lose 25% when you drive off the lot. You don't have those things.
2011 Fleetwood Storm 32BH
2011 Scion XB
-------------------------------------------------------------
`
|
|
|
VintageRacer
Dundas, Ontario
Senior Member
Joined: 04/02/2005
View Profile
Offline
|
The market price is what someone will pay, not what someone will ask. I think if a dealer would pay 70% of your asking price, you are pretty close to realistic retail, but - a dealer gets many people who are qualified buyers simply because they are on his lot and looking, while you don't have anything near the marketing capability. That's how they earn their margin. If I were you, I would either take the 70% offer and be done with it, or lower my price expectation by 20% and figure out a way to increase your marketing of your unit.
Brian
2005 F250 Supercab, Powerstroke, 5 speed automatic, 3.73 gears.
20 ft race car hauler, Lola T440 Formula Ford, NTM MK4 Sports Racer
1980 MCI MC-5C highway coach conversion
2004 Travelhawk 8' Truck Camper
|
nelson
Clio,Mi USA
Senior Member
Joined: 07/01/2002
View Profile
Good Sam RV Club Member
Offline
|
No matter what you ask people want it cheaper. It's a buyers market. There are just so many for sale.
2002 Damon Challenger 348 Ford V10
Blue Ox Auto Stop and Aventa II Tow Bar
2001 Ford Sport Trac with Remco Driveshaft Disconnect
|
michahicks
Waterford/Gaylord, Mi
Senior Member
Joined: 10/20/2001
View Profile
Offline
|
We sold one the end of October. I didn't get anywhere near what I thought it was worth but it's gone. I would agree with 2 points made previously. You have to be prepared to deal with what the market will bear when it comes to pricing, and pictures are not a plus, they're a necessity. Good ones, and lots of them. If the add charges extra for pictures, post just one and mention you have others available for anyone interested.
If you aren't getting any calls, your price is too high. That price is going to vary by season, and winter in Mi. is probably not the ideal time to try and attract buyers?
1997 38' HR Endeavor, 275 Cat, Freightliner
2003 CR-V Toad, Blue Ox, Ready Brake
|
rgatijnet1
Florida
Senior Member
Joined: 06/22/2009
View Profile
Good Sam RV Club Member
|
When you see motor home advertised prices, it has little to do with the reality of motor home sales.
If you go to eBay, you can search the motor homes that are listed. On the left hand side of the page you can click on "completed sales." Then you can check the completed sales, which has the sales price in GREEN. You can compare that price to those that did not sell where the end price is in RED.
I did not do all of the math but it appears that the ACTUAL sales rate is about 5% completed. The basic fact is that very few motor homes are being sold, regardless of make or model. A quick sale will require a lower price than a buyer can get anywhere else, which may be way below NADA book price.
As far as NADA book price, be sure that you DO NOT add items that come with your vehicle as "standard." In fact a good rule of thumb is not to add any of the options at all, which will give you a more accurate value for your coach.
|
Mike & Fran
West Texas
Senior Member
Joined: 08/09/2005
View Profile
Good Sam RV Club Member
Offline
|
We have decided to just keep our 02 Adventurer, not going to give it away..Buyers market only...Just saying..
|
|
|
