Asking Prices of Used Lazy Daze RV's


Asking Prices of Used Lazy Daze RV's as % of Selling Price of 2011 Models

Data and explanation provided courtesy of Barry Barnes

The estimated asking prices for LDs is based on two sets of data of LD asking prices.
The first set was by Chris Horst (chorst_2000) and published in the LD Yahoo group in the year 2001 in Message #7050. Plotting this data as asking price (as a percentage of the current asking price of a similar model) versus age of the LD at the time of asking appeared to show a smooth exponential curve.  I used Excel to fit an exponential curve to this data as discussed in Message #7073. The fit indicated that the most significant factor in the price of a used LD seems to be its age more than the millage, the condition, or upgrades and accessories, as the scatter caused by these effects is much smaller than the change caused by age.

The second set of data was 100 asking prices based on data gathered by group member oryoki in 2004. This data was fitted with an exponential curve as well, and the fit parameters were for all practical purposes the same as for the 2001 data. This is discussed in the group message #41091.

As the value of a used LD as a % of the original asking price for a given age was essentially the same for the two sets of data, the only changes since then have been to update the current asking prices each year (as found on the LD web site). This essentially seems to take care of the effect of inflation.

In April 2011, another comparison was made of the asking prices estimated by this exponential table (% of new price for that model vs age of the LD) compared to LDs for sale on the Yahoo LD site. The asking prices estimated from the table were within 1.9 % of the actual asking prices.  Current economic conditions may have impacted this study to some degree, so the data should be used with caution.

Model    Years       % of            2011               2011           2011
Year        Old        New              24'                  27'               30'

2011        0        100.00%      $78,250        $84,750       $93,500
2010        1        90.94%        $71,162        $77,073       $85,030
2009        2        82.70%        $64,716        $70,091       $77,328
2008        3        75.21%        $58,853        $63,742       $70,323
2007        4        68.40%        $53,522        $57,968       $63,953
2006        5        62.20%        $48,674        $52,717       $58,160
2005        6        56.57%        $44,265        $47,942       $52,891
2004        7        51.44%        $40,255        $43,599       $8,100
2003        8        46.78%        $36,609        $39,650       $43,743
2002        9        42.55%        $33,292        $36,058       $39,781
2001        10      38.69%        $30,277        $32,792       $36,177
2000        11      35.19%        $27,534        $29,821       $32,900
1999        12      32.00%        $25,040        $27,120       $29,920
1998        13      29.10%        $22,772        $24,663       $27,210
1997        14      26.46%        $20,709        $22,429       $24,745
1996        15      24.07%        $18,833        $20,397       $22,503
1995        16      21.89%        $17,127        $18,550       $20,465
1994        17      19.90%        $15,576        $16,869       $18,611
1993        18      18.10%        $14,165        $15,341       $16,925
1992        19      16.46%        $12,882        $13,952       $15,392
1991        20      14.97%        $11,715        $12,688       $13,998
1990        21      13.61%        $10,653        $11,538       $12,730
1989        22      12.38%        $9,688          $10,493       $11,577
1988        23      11.26%        $8,811          $9,543         $10,528
1987        24      9.92%          $7,763          $8,408         $9,276
1986        25      9.15%          $7,157          $7,751         $8,551
1985        26      8.47%          $6,627          $7,177         $7,918
1984        27      7.70%          $6,026          $6,527         $7,201
1983        28      7.00%          $5,481         $5,936          $6,549
1982        29      6.37%          $4,984         $5,398          $5,955
1981        30      5.79%          $4,533         $4,909          $5,416
1980        31      5.27%          $4,122         $4,464          $4,925
1979        32      4.79%          $3,749         $4,060          $4,479
1978        33      4.36%          $3,409         $3,692          $4,073
1977        34      3.96%          $3,100         $3,358          $3,704
1976        35      3.60%          $2,819         $3,054          $3,369
1975        36      3.28%          $2,564         $2,777          $3,064
1974        37      2.98%          $2,332         $2,525          $2,786
1973        38      2.71%          $2,121         $2,297          $2,534
1972        39      2.46%          $1,928         $2,089          $2,304
1971        40      2.24%          $1,754         $1,899          $2,096
1970        41      2.04%          $1,595         $1,727          $1,906
1969        42      1.85%          $1,450         $1,571          $1,733
1968        43      1.69%          $1,319         $1,429          $1,576
1967        44      1.53%          $1,200         $1,299          $1,433
1966        45      1.39%          $1,091         $1,182          $1,304
1965        46      1.27%          $992            $1,074          $1,185
1964        47      1.15%          $902            $977             $1,078
1963        48      1.05%          $820            $889             $980
                                         
Contributor: Barry Barnes

Revised: 8 Jun 2011

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.