Begg’s Black Book, offering a monthly analysis of the wholesale specialty vehicle market, reported that motorhome auction values rose about 13% in September, continuing an “up and down trend” for the segment. To view the video click here or scroll to the right side of the RVBUSINESS.com home page.
Black Book Editor Ricky Beggs reported that the average price of a used motorhome sold at auction this past month rose to $37,995, up $4,500 from last month’s $33,396. Towables were much more stable, tacking on $128 to close at $10,168, representing a 1% increase from the previous month’s $10,040.
Beggs noted there are several factors that can affect the average amounts that used units sell for at auction, including condition, mileage and product mix. “The several thousand dollar rise in motorhome values does not necessarily mean that each individual unit sold for $4,500 more than it would have the previous month, just that the average sales price of all units sold this month did,” he said.
The RV market historically slows down in the fall as potential buyers turn their thoughts to the coming cold weather and winterizing their units. This lower level of consumer interest also slows the dealer inventory interest. Within the Black Book Official RV Value Guide, the average amount of change for motorized units was -1%, travel trailers and fifth-wheels declined right around -2%, camping trailers and truck campers dropped about -1.5%, and park models lost a little more than -2%.
For reference, one year ago the average motorhome sold for $39,534 at auction, while the average towable came in at $11,200.