Begg’s Black Book, offering a monthly analysis of the wholesale specialty vehicle market, reported that motorhome and towable auction values were up in January. To view the video click here or scroll to the right side of the RVBUSINESS.com home page.
“Even though it’s the heart of winter, and many areas of the country are getting hit with significant snowstorms, this is the beginning of the buying season for RV dealers,” said Black Book Editor Ricky Beggs. “Shoppers will start to begin thinking about RVs real soon in early spring, and dealers have to be sure that they are fully stocked when customers walk onto the lot.”
Taking a look at the market, the average price of a used motorhome sold at auction this past month rose to $34,344, up $866 or about 2.5% from last month’s $33,478. Towables rose $325 to finish the month at $10,536, up roughly 3% from last month’s $10,019.
For reference, one year ago the average motorhome sold for $35,623 at auction, while the average towable came in at $10,164. “Those are some pretty consistent numbers year-over-year, indicating that the industry is again on solid footing,” Beggs said.
Within the Black Book Official RV Value Guide, the average amount of change for motorized units was up 3%, travel trailers and fifth-wheels rose 3.5%, camping trailers and truck campers increased about 1%, and park models lost a little more than -1.5%.