Motorized wholesale values at auction were up significantly September, according to the latest report from Black Book.
“Towables made a big jump in values for September, and this time it was motorized’s turn. Auction volume was up substantially on the motorized side, which tells me that consigners were making every effort to move units and get them off their books as we head into fall,” stated Eric Lawrence, director of specialty sales for Black Book. “Sales percentages looked good across the board, and there were plenty of nice late model units for dealers to bid on, even a handful of 2016’s. Towable volume was relatively steady from last month, as were prices.”
Taking a closer look at the markets, the average selling price for motorized units was $42,052, up $2,351 (5.9%) from the previous month. Towables came in at $11,688, down $296 (2.4%) from last month. One year ago the average motorhome sold for $37,363 and the average towable unit brought $11,046.
Auction volume also varied by vehicle segment as motorized units jumped 34% and towables dropped by 4%.
“Volume should stabilize and begin to taper off as we get further into cooler weather,” noted Lawrence.