Begg’s Black Book, offering a monthly analysis of the wholesale specialty vehicle market, reported that motorhome and towable auction values in November “behaved the way they historically should” by declining slightly month-over-month. To view a video click here or scroll to the right side of the RVBUSINESS.com home page.
The average price of a used motorhome sold at auction this past month dropped to $34,964, down $3,143, or about 8% from the previous month. Towables fell $287 to finish the month at $10,019, down roughly 3% from the prior month.
For reference, one year ago the average motorhome sold for $33,539 at auction, while the average towable came in at $9,517. “We haven’t seen year-over-year sales averages that close for quite some time,” said Black Book Editor Rickey Beggs.
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 in auction prices doesn’t necessarily signal a broader market correction is due. Within the Black Book Official RV Value Guide, the average amount of change for motorized units was -3%, 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%.