Black Book reported that spring weather spurred RV wholesale values at auction in March as travel trailers reached an all-time high.
“With the exception of a few pockets of the country where the winter refuses to relax its grip, we have started to see nicer weather and an active spring market,” said Eric Lawrence, director of specialty products. “Travel trailer values hit an all-time high last month, while motorhomes, perhaps still feeling the effects of colder weather, declined a touch. As retail buyers start to visit lots and showrooms, RV dealers will continue attend the wholesale auctions to build up their inventory and replenish any units they sell.”
Taking a closer look at the markets, the average selling price for motorized units was $38,845, down $3,852 (9.1%) from the previous month. Towables came in at $13,235, up $935 (7.6%) from last month. One year ago the average motorhome sold for $35,124 and the average towable unit brought $11,948.
Auction volume was mixed as motorized increased 13% and towables dropped 8%.