Begg’s Black Book, offering a monthly analysis of the wholesale specialty vehicle market, reported that motorhome auction values were up while towables dipped in February. To view the video click here or scroll to the right side of the RVBUSINESS.com home page.
“Lot traffic may have been a little light for RV dealers in February, but activity at the auctions, especially the ones in warm climates, was brisk as dealers continued to stock their lots for the high selling season,” said Black Book Editor Ricky Beggs . “If dealers haven’t yet begun to replenish their inventory, it is not too late.”
Black Book reported that the average price of a used motorhome sold at auction this past month rose to $37,080, up $2,736, or about 8, from last month’s $34,344.
Towables dipped $285 to finish the month at $10,251, down roughly 3%from last month’s $10,536. “Towables historically peak for the year a month or two later than motorized units, so I wouldn’t read too much into their slight drop in prices,” Beggs noted.
For reference, one year ago the average motorhome sold for $34,921 at auction, while the average towable came in at $10,239. Towable values have been exceptionally stable this past year; generally staying within a thousand dollar trading range.
“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, so a big drop or increase in auction prices doesn’t necessarily signal that a broader market correction is due,” Beggs said.
Within the Black Book Official RV Value Guide, the average amount of change for motorized units was up 4%, travel trailers and fifth-wheels were up 2.5%, camping trailers and truck campers increased about 1%, and park models were flat.