Black Book: Wholesale RV Values Flatten as Summer Nears – RVBusiness – Breaking RV Industry News
Black Book, which publishes a family of vehicle appraisal guides, has released the Black Book RV market commentary for June.
“The values for used RVs sold at wholesale auction have begun to flatten out after last month’s increases, with motorhomes and towables each declining by less than a thousand dollars on average,” .notes Eric Lawrence, principal automotive analyst, specialty vehicles. “The prior month’s increases were almost certainly due to dealers competing to stock up for the Spring rush, but once their lots were full, they returned to the practice of replacing units as they were sold.”
Taking a closer look at the markets, we see that the average selling price for Motorhomes was $63,025, which is down $515 (0.8%) from the previous month. Towables came in at $17,778, down $992 (5.5%) from last month. One year ago the average motorhome sold for $59,231 and the average towable brought $19,606.
Auction volume was mixed: motorhomes were essentially unchanged while towables increased 13.4%.
The average age of motorhomes was nine years old (2016) and towables was five (2020)
