Black Book reported that the overall used RV market was mixed once again last month, but with a twist. Two months ago motorhomes increased in value, while towables decreased. In June, trends reversed as motorhomes declined while towables increased.
“The average used towable sells for about 25% of what an average motorized unit sells for, making impulse buys much more likely, so it is not unusual to see some life left on that side of the market,” said Eric Lawrence, director of specialty products. “We have noted in earlier reports that the summer months tend to see lower wholesale activity since most dealers have already stocked up for their primary selling seasons, and I think it’s important to note that the volume of RVs sold at auction last month was down considerably: 26% for motorhomes and 34% for towables.”
Taking a closer look at the markets, we see that the average selling price for motorized units was $39,058, which is a decrease of $947 (2.3%) from the previous month. Towables came in at $11,140, up $514 (4.8%) from last month.
One year ago the average motorhome sold for $34,851 and the average towable unit brought $10,410.