Black Book reported that RV values at auction in February, including all towable and motorized vehicle segments, increased last month.
“This is what we had expected, as this is the time of year dealers in seasonal climates begin to restock their lots to be ready for the initial onslaught of customers lured in by warmer weather,” stated Black Book’s Eric Lawrence in a press release. “Note that auction volume has risen as well, as all facets of the vehicle remarketing network have begun to wake up after a long, cold winter.”
Taking a closer look at the markets, the average selling price for motorized units was $47,682, up $1,977 (4.3%) from the previous month. Towable values rose to $13,655, up $354 (2.6%) from the previous month. One year ago the average motorhome sold for $38,845 and the average towable unit brought $13,235.
Auction volume is picking up as motorized increased 11% and towables rose 9%.