Trends: Black Book RV Values Increase at Auction
Black Book recently reported that the average selling price for used motorized units was $46,747, which is up $3,868 (9 percent) from the previous month. Towables came in at $14,666, up $333 (2.3 percent) from last month. One year ago, the average motorhome sold for $46,539 and the average towable unit brought $13,267.
“I’m sure that everyone is aware that RV shipments from manufacturers are down quite a bit this year, but many dealers are reporting that although they had indeed ordered too much inventory, they are now nearing levels that make them more comfortable,” said Eric Lawrence, principal analyst for specialty markets at Black Book. “With the surplus of current year models that are available nationwide, many dealers are turning their attention to used units, which usually tend to offer a higher profit margin.”
Auction volume was very stable: motorhomes rose 3 percent and towables were unchanged.
The average age of motorized units was eight years old (2011), while towables were a bit older at nine (2010).
For motorhomes (including Class A, B, and C):
- Average selling price was $46,747, up $3,868 (9 percent) from the previous month.
- One year ago, the average selling price was $46,539.
- Auction volume was up 3 percent from the previous month. The average model year was 2011.
For towables (including travel trailers and fifth wheels):
- Average selling price was $14,666, up $333 (2.3 percent) from the previous month.
- One year ago, the average selling price was $13,267.
- Auction volume was unchanged from the previous month. The average model year was 2010.