Black Book: Wholesale RV Values Mixed as Spring Approaches

RV Business

Black Book, which publishes a family of vehicle appraisal guides, has released the Black Book RV market commentary for March.

“The RVIA is projecting new RV shipments to come in at around 335,000 units for 2023, a 32% decline from 2022. They explain that this decrease is to better align dealers’ inventory with the forecast consumer demand. With new RV lots seemingly fully stocked, we expect fewer “new RV” buyers to be shopping for used RVs and for values to return to more normal seasonal patterns as the year progresses,” 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 $67,539 which is down $5,902 (8.1%) from the previous month. Towables came in at $19,541, up $359 (1.8%) from last month. One year ago the average motorhome sold for $68,842 and the average towable unit brought $21,865.

The report also notes that auction volume was up: motorhomes increased 12.3% while towables rose 6.2%, and the average age of motor homes was 11 years old (2012) and towables was 6 (2017).