Black Book: Wholesale RV Values Fall as Cool Weather Arrives – RVBusiness – Breaking RV Industry News
Black Book, which publishes a family of vehicle appraisal guides, has released the Black Book RV market commentary for November.
“Both Motorhome and Towable values decreased last month. Although Motorhomes continued their familiar “one month up one month down” pattern, Towables saw their values decline for the third consecutive month. These drops are not wholly unexpected, as we are heading into the slower season for many dealers, and the average unit’s age increased slightly over the previous month,” 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 $61,575 which is down $6,591 (9.7%) from the previous month. Towables came in at $20,138, down $915 (4.3%) from last month. One year ago the average motorhome sold for $74,069 and the average towable unit brought $21,217,” he noted.
Auction volume was higher: motorhomes increased 6.7% while towables edged up 5.6%.
The average age of motor homes was ten years old (2013) and towables was five (2018).
Source: https://rvbusiness.com/black-book-wholesale-rv-values-fall-as-cool-weather-arrives/
