Black Book: Wholesale RV Values Showing Decrease – RVBusiness – Breaking RV Industry News
Black Book, which publishes a family of vehicle appraisal guides, has released the Black Book RV market commentary for January.
“Motorhome values declined quite a bit last month, continuing an overall trend that first emerged in mid-2022. Towables were less volatile, with their values falling slightly for the fifth consecutive month. Auction volume was down quite a bit, which is typical during this time of year. We’re starting to see more of the units that were sold new during the ‘Covid market’ showing up for sale at the auctions,” 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% and the average age of motor homes was ten years old (2013) and towables was five (2018)
For Motorhomes (including Class A, B, and C)
- The average selling price was $53,896, down $9,916 (15.6%) from the previous month.
- One year ago, the average selling price was $68,565.
- Auction volume was down 14.3% from the previous month. The average model year was 2015.
For Towables (including Travel Trailers and Fifth Wheels)
- The average selling price was $18,294, down $647 (3.4%) from the previous month.
- One year ago, the average selling price was $18,529.
- Auction volume was down 16.5% from the previous month. The average model year was 2018.
