Black Book reported that RV auction values have entered the traditional “seasonal shift,” as dealers begin to sell off existing inventory.
“As we near the end of summer, and approach the beginning of fall, we’re seeing the market begin its normal seasonal shift,” said Eric Lawrence, principle automotive analyst, specialty vehicles. “The bulk of consumer RV purchases are done in the spring and summer, so that’s when dealers typically stock up on inventory.
“As colder weather approaches, dealers are beginning to sell down their existing inventory, and are only buying to fill specific needs on their lots so as to not have to carry too many unsold units over the winter.
Taking a closer look at the markets, the average selling price for motorized units was $48,573, which is down $1,094, or 2%, from the previous month. Towables came in at $14,347, down $493, or 3.3%, from last month.
One year ago the average motorhome sold for $44,450 and the average towable unit brought $15,021.
Auction volume was off significantly as motorhomes declined 22% and towables dropped 38%. The average age of motorized units was eight years old, while towables were nine years old.