Black Book: Wholesale RV Values Drop as Winter Settles In – RVBusiness – Breaking RV Industry News
Black Book, which publishes a family of vehicle appraisal guides, has released the Black Book RV market commentary for December.
“The average values for Motorhomes and Towables sold at auction declined last month, with Towables dropping more than they have in quite some time. Given the time of year and how seasonal the RV market is, this movement was not really a surprise to most industry observers. Warmer weather and its accompanying uptick in values shouldn’t be that far away,” noted Eric Lawrence, principal automotive analyst, specialty vehicles.
Taking a closer look at the markets, we see that the average selling price for Motorhomes was $60,607, which is down $1,805 (2.9%) from the previous month. Towables came in at $17,083, down $1,203 (6.6%) from last month. One year ago the average motorhome sold for $62,600 and the average towable brought $17,877.
Auction volume was down: motorhomes decreased 7.7% while towables dropped 6.3%.
The average age of motorhomes was nine years old (2016) and towables was five (2020).
