Black Book reported that RV values at auction, including most towable and motorized vehicle segments, decreased in March.
“This is not typical for this time of year, as most dealers are scrambling to stock their lots before the first customers come in,” noted Black Book’s Eric Lawrence. “However, normal spring weather has been a little late arriving in many areas of the country, the Upper Midwest and New England have been especially hard hit, and it’s likely that normal buying patterns will return as the weather improves.”
Taking a closer look at the markets, the average selling price for motorized units was $45,453, down $2,229 (4.6%) from the previous month, while towables came in at $13,519, down $136 (0.9%).
One year ago the average motorhome sold for $44,379 and the average towable unit brought $13,397.
Auction volume was mixed: motorized increased 13% and towables dropped 7%.