Black Book has released its market commentary for May.
“It’s been quite a while since the average values for both motorhomes and towables sold at the wholesale auctions increased, but the RV market is very seasonal, and we’re getting into that time of year where the weather is starting to get nice, and people are thinking about camping and hitting the road. Dealers need to be well stocked with fresh inventory when customers show up looking for something to buy,” said Eric Lawrence of Black Book.
Taking a closer look at the markets, the average selling price for motorized units was $55,950 which is up $747 (1.3%) from the previous month. Towables came in at $19,000, up $833 (4.5%) from last month. One year ago, the average motorhome sold for $73,239 and the average towable unit brought $21,154.
Auction volume was mixed: motorhomes decreased 15.7% while towables rose 6.3%.
The average age of motorhomes was ten years old (2014) and towables was five (2019).
