Begg’s Black Book, offering a monthly analysis of the wholesale specialty vehicle market, reported that motorhome auction values dropped around 4% in December while towables gained roughly 2%. To view the video click here or scroll to the right side of the RVBUSINESS.com home page.
Black Book Editor Ricky Beggs said that the average price of a used motorhome sold at auction this past month dropped to $33,478, down $1,486 from last month’s $34,964. Towables values rose $192 to finish the month at $10,211, up from last month’s $10,019
For reference, one year ago the average motorhome sold for $34,306 at auction, while the average towable came in at $9,665.
Beggs noted that several factors 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. Within the Black Book Official RV Value Guide, the average amount of change for motorized units was -2%, travel trailers and fifth-wheels were up 0.5%, camping trailers and truck campers dropped about -1.5%, and park models lost a little more than -2%.