Black Book reported that RV values at auction showed impressive gains in Januar for both motorized and towable units, reversing course from the seasonal trends established in earlier months.
“Just when you think the markets have stabilized and settled into long established seasonal patterns, they do something to surprise you,” said Eric Lawrence, director of specialty vehicles for Black Book. “Both motorized and towable units shook off their recent losses and posted impressive gains for the month. As we head into warmer weather, we expect to see auction volume pick up and values start to increase as dealers begin to compete with each other for units to stock their lots for the arrival of the first spring shoppers.”
Taking a closer look at the markets, the average selling price for motorized units was $41,444, which is up $6,429 (18.3%) from the previous month. Towables came in at $12,610, a gain of $1,429 (12.7%) from December. One year ago the average motorhome sold for $39,070 and the average towable unit brought $11,189.
Auction volume was down as is normal for the time of year while motorized volume dropped 17% and towables decreased by 12%.