“Once again, the used RV market throws us a curveball to keep us on our toes,” noted Eric Lawrence, director of specialty products for Black Book
Taking a closer look at the markets, the average selling price for motorized units was $40,237, an increase of $1,179 (3.1%) from the previous month. Towables came in at $10,844, down $296 (2.6%) from last month. One year ago the average motorhome sold for $33,396 and the average towable unit brought $10,040.
“As we head into the last little bit of summer and approach fall, we are seeing the volume of vehicles sold at auction continue to decline,” Lawrence said. Motorized auction volume was down 20% month-over-month, while towables were down 27%. This is the fourth straight month that auction volumes have declined.
“Typical fall patterns within the RV industry predict that wholesale values will start to decline at a greater rate as well, as reduced seasonal customer demand will prompt many dealers to switch their focus from stocking and selling RVs to end of season servicing and winterization,” said Lawrence.