Begg’s Black Book, offering a monthly analysis of the wholesale specialty vehicle market, reported that motorhome and towable auction values were flat in October. (To view a video click here or scroll to the right side of the RVBUSINESS.com home page.)
“For the past several months, towables have behaved exactly as you would expect them to at this time of year, while motorhomes have followed a ‘one month up, one month down’ pattern,” said Black Book Editor Rickey Beggs. “Although both of these large segments defied conventional overall average auction values thinking and increased in value this month, it was by such small amounts that we’ll consider them both essentially unchanged.”
The average price of a used motorhome sold at auction this past month rose to $38,107, up a mere $112, about a third of a 1%, from last month’s $37,995. Towables added $138 to finish the month at $10,306, up roughly 1% from last month’s $10,168.
For reference, the average auction prices this year are slightly above the October 2013 calendar year average when motorhomes averaged $36,522 at auction, while the average towable came in at $9,994.
“As we said last month, there are several factors which can affect the average amounts that used units sell for at auction, including condition, mileage, and product mix,” Beggs said. “As we head into the tail end of fall and the beginning of winter, the RV market historically slows down as potential buyers turn their thoughts to the coming cold weather, not camping or RVing throughout this beautiful country.”
Within the Black Book Official RV Value Guide, the average amount of change for motorized units was -2%, while the travel trailers and fifth wheels declined right around -1%, the camping trailers and truck campers dropped about -1.5%, and smaller volume park models lost a little more than -2%.