Black Book released its monthly commentary for July.
“The values for used RVs sold at wholesale auction increased last month, with motorhomes jumping quite a bit and towables inching up slightly. The motorhome increase looks dramatic, but an in-depth analysis of the sales data showed that there was an unusually high number of late model higher end Class A units that ran through the lanes, which had the effect of pushing the average sales price artificially higher,” said Eric Lawrence, principal analyst at Black Book.
Taking a closer look at the markets, we see that the average selling price for Motorhomes was $75,821, which is up $12,796 (20.3%) from the previous month. Towables came in at $17,892, up $114 (0.6%) from last month. One year ago the average motorhome sold for $58,411 and the average towable brought $19,389.
Auction volume was higher: motorhomes increased 3.7% while towables rose 1.0%.
The average age of motorhomes was nine years old (2016) and towables was five (2020).
