The impact of the steep drop-off in new unit production in 2023 has trickled down and is influencing the RV auction market.
“Towable values have been very stable for four months, not really changing by more than one percent or so. Motorhomes have been a bit more unpredictable, bouncing between the mid $60,000s and the mid $70,000s,” said Eric Lawrence at Black Book. “Recent RVIA reports showing that new shipments are down by nearly forty percent year over year, indicating dealers having fully stocked lots, likely explains the recent drop off in auction volume.”
Taking a closer look at the markets, we see that the average selling price for motorized units was $73,393, which is up $8,027, or 12.3%, from the previous month. Towables came in at $21,362, up $232 from last month. One year ago, the average motorhome sold for $68,948 and the average towable unit brought $20,198.”
Auction volume was down, he added: Motorhomes were off 14.5% while towables dropped 8.1%.
The average age of motor homes was 10 years old (2013) and towables was five (2017).
