Begg’s Black Book, offering a monthly analysis of the wholesale specialty vehicle market, reported that auction values depreciated in August. To view the video click here or scroll to the right side of the RVBUSINESS.com home page.
Black Book Editor Ricky Beggs noted, “The majority of market segments that we track within the RV industry have finally had monthly depreciation rates that I would consider normal and expected for this time of year.”
The average of all motorhomes sold at auction last month dropped $1,455 to close at $33,396, down 4%. Towable auction values declined even less, dropping a mere $370 to $10,040, which is only down 3.5%.
Beggs said there are several factors that can affect the average amounts that used units sell for at auction, including condition, mileage and product mix, adding, “Although a big enough sample size will often normalize these variables over time, there can still be some discrepancies from month to month.”
Within the Black Book Official RV Value Guide, the average amount of change for motorized units was -2%, travel trailers and fifth-wheels declined -1.5%, camping trailers and truck campers dropped about -1%, and park models lost a little more than -2%.