Black Book: Wholesale RV Values Mixed as Weather Stays Cold – 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 were mixed last month once again, but in the opposite direction of the prior month, with Towables dropping and Motorhomes increasing in value, although they were still below their level from two months ago. We expect RV values to conform to their usual winter patterns before beginning to rise when Spring gets closer,” according to Eric Lawrence, principal automotive analyst, specialty vehicles.
“Taking a closer look at the markets, we see that the average selling price for Motorhomes was $62,412, which is up $8,169 (15.1%) from the previous month. Towables came in at $18,286, down $776 (4.1%) from last month. One year ago the average motorhome sold for $53,896 and the average towable brought $18,294,” Lawrence added.
Auction volume was up: motorhomes increased 4.6% while towables rose 8.4%.
The average age of motorhomes was nine years old (2016) and towables was five (2020).
