Black Book: Large Number of ’22 Towables Sent to Auction – RVBusiness – Breaking RV Industry News
Black Book, which publishes a family of vehicle appraisal guides, has released the Black Book RV market commentary for August.
“Motorhomes continued their familiar one month up, one month down pattern, but the real question here is ‘What’s going on with the towables?’ There was an unusually large number of ‘new’ 2022 models sent to auction last month. This was most likely done to clear out aged inventory to take some pricing pressure off the remaining 2023 models and make room on dealers’ lots for the incoming 2024s,” reported Eric Lawrence, Black Book principal analyst – specialty markets.
Taking a closer look at the markets, we see that the average selling price for motorized units was $68,405 which is down $4,988 (6.8%) from the previous month. Towables came in at $25,056, up $3,694 (17.3%) from last month. One year ago the average motorhome sold for $73,615 and the average towable unit brought $20,257.
Auction volume was mixed: motorhomes decreased 4.3% while towables increased 7.1%.
The average age of motor homes was ten years old (2013) and towables was four (2019).
Source: https://rvbusiness.com/black-book-large-number-of-22-towables-sent-to-auction/
