Black Book released its monthly market commentary for February.
“The average values for motorhomes and towables sold at auction declined last month, with towables dropping more than they have in quite some time. Given the time of year and how seasonal the RV market is, this movement was not really a surprise to most industry observers. Warmer weather and its accompanying uptick in values shouldn’t be that far away,” said Eric Lawrence, principal analyst – specialty markets, Black Book.
The average selling price for motorhomes was $60,607, which is down $1,805 (2.9%) from the previous month. Towables came in at $17,083, down $1,203 (6.6%) from last month. One year ago, the average motorhome sold for $62,600 and the average towable brought $17,877.
Auction volume was down: motorhomes decreased 7.7% while towables dropped 6.3%.
The average age of motorhomes was nine years old (2016) and towables was five (2020).
