Black Book reported that RV values at auction were up in May as dealer inventories are stabilizing.
“I’m sure that everyone is aware that RV shipments from manufacturers are down quite a bit this year, but many dealers are reporting that although they had indeed ordered too much inventory, they are now nearing levels that make them more comfortable,” said Eric Lawrence, principal industry analyst for Black Book. “With the surplus of current year models that are available nationwide, many dealers are turning their attention to used units, which usually tend to offer a higher profit margin.”
Taking a closer look at the markets, the average selling price for motorized units was $46,747, which is up $3,868 (9%) from the previous month. Towables came in at $14,666, up $333 (2.3%) from last month. One year ago the average motor home sold for $46,539 and the average towable unit brought $13,267.
Auction volume was very stable as motorhomes rose 3% and towables were unchanged. The average age of motorized units was eight years old (2011), while towables were a bit older at nine (2010).