Black Book reported that RV auction volume was up slightly in March compared to the previous month as motorized RVs increased 2% and towables rose 4%.
“Spring has officially arrived, and many dealers have been reporting increased activity on their lots,” said Eric Lawrence, principal industry analyst for Black Book. “Auction volume was up slightly over last month, with wholesale prices increasing as well. Used motorized values have risen for three months in a row, with three out of four increasing for towables.
“With shipments of some new units being a bit slower than in recent years, many dealers are using their used units’ lower price points as a way to attract additional buyers.”
Taking a closer look at the markets, the average selling price for motorized units was $42,768, up $922 (2.2%) from the previous month while towables came in at $13,577, up $745 (5.8%). One year ago the average motorhome sold for $45,453 and the average towable unit brought $13,519.
The average age of motorized units was nine years old (2010), while towables were a bit younger at eight (2011).