Black Book: Wholesale RV Values Mixed As Spring 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 April.
“The wholesale auction results last month were mixed, with motorhomes’ values increasing and towables’ decreasing. We typically expect to see an uptick in the Spring, as dealers begin to stock their lots for the first wave of shoppers,” reported Eric Lawrence, Black Book principal analyst – specialty markets. “Many dealers we have spoken to are still working on moving their remaining 2023 model year inventory, so this year’s rise may be delayed or less noticeable than in years past.”
Taking a closer look at the markets, we see that the average selling price for motorized units was $55,203 which is up $1,652 (3.1%) from the previous month. Towables came in at $18,167, down $162 (0.8%) from last month. One year ago the average motorhome sold for $62,690 and the average towable unit brought $21,077.
For Motorhomes (including Class A, B, and C)
- The average selling price was $55,203, up $1,652 (3.1%) from the previous month.
- One year ago, the average selling price was $62,690.
- Auction volume was up 22.5% from the previous month. The average model year was 2015.
For Towables (including Travel Trailers and Fifth Wheels)
- The average selling price was $18,167, down $162 (0.8%) from the previous month.
- One year ago, the average selling price was $21,077.
- Auction volume was up 11.9% from the previous month. The average model year was 2019.
Auction volume was up: motorhomes increased 22.5% while towables rose 11.9%.
The average age of motorhomes was nine years old (2015) and towables was five (2019).
