Black Book released its monthly market commentary for March.
“The average values for motorhomes and towables sold at auction were mixed last month, with motorhomes increasing while towables declined for the third consecutive month, falling to a level that they had not seen for several years. With Spring right around the corner, we expect RV values to stabilize and perhaps even increase as dealers begin to purchase used units to ensure their lots are fully stocked,” said Eric Lawrence, principal analyst – specialty markets, Black Book.
The average selling price for motorhomes was $63,346, which is up $2,739 (4.5%) from the previous month. Towables came in at $15,915, down $1,168 (6.8%) from last month. One year ago. the average motorhome sold for $53,551 and the average towable brought $18,329.
Auction volume was mixed: motorhomes decreased 1.7% while towables rose 6.2%.
The average age of motorhomes was ten years old (2015) and towables was six (2019).
