Used motorhomes increasing in value faster than property due to ‘microchip shortage’

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Experts at Buymymotorhome.com have found the average second-hand motorhome increased by around 13.86 percent in the past 12 months. This works out an average rise of over £4,000 as drivers battle to secure one for staycation trips.

The increase is over four percent higher than a 9.8 percent increase in house prices, as reported by Halifax.

Natalie Drewery, Operations Director at Buymymotorhome.com said the rise in used costs was because new models “can’t be produced”.

She added drivers wanting a new motorhome were having to sit in “longer waiting lists” which had boosted demand for second-hand models.

Ms Drewery said: “​​Motorhomes have experienced a huge increase in public interest over the past few years.

“It has been fantastic to see so many people embracing the opportunity to travel that motorhomes provide.

“The growth was initially as a result of the COVID-19 pandemic which boosted the popularity of staycations.

“But, after two years of experiencing limited freedoms, many are easily frustrated by the feeling of being trapped in the house.

“As a result, the idea of escaping the day-to-day and exploring the world has become even more appealing.

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“The motorhome industry has also seen rising second-hand prices due to the worldwide microchip shortage.

“Much like a car, many of the mechanical and electrical functions of a motorhome are controlled by computer chips, which builders are struggling to get a hold of.

“So new motorhomes either can’t be produced, or are seeing longer waiting lists.

“Leading to more demand for a used vehicle, increasing prices across the board.”

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