Black Book reported that RV wholesale values at auction stabilized in February following fluctuations in the market during recent months.
“As we head into warmer weather, after an unusually mild winter in many parts of the country, we’re noticing auction values that are more stable than we had seen in recent months,” said Eric Lawrence, director of specialty vehicles for Black Book. “One thing in particular that caught my eye was the continued presence of units, especially on the motorized side, that were in extremely poor condition. Although we exclude these damaged/dilapidated units from our calculations, it’s interesting to note that so many are out there.”
Taking a closer look at the markets, the average selling price for motorized units was $42,697, up $1,253 (3%) from the previous month. Towables came in at $12,300, down $310 (2.5%) from January. One year ago the average motorhome sold for $34,902 and the average towable unit brought $10,822.
Auction volume was mixed as motorized dropped 17% and towables increased 20%.