Winter storms last month threw off normal seasonal patterns for the price of used RVs at auction, according to the latest numbers from Black Book.
“Normally by this time of the year we’re seeing more RVs being sold at the auctions and higher transaction prices, but the recent bad weather had the dual effects of snarling the usual wholesale channels and delaying many consumers from entering the marketplace, which naturally trickled down to less aggressive buying from dealers,” Black Book Publisher Eric Lawrence said in a news release.
Taking a closer look at the markets, the average selling price for motorized units was $34,902, which is a decrease of $4,168 (10.6 percent) from the previous month.
Towables came in at $10,822, down $367 (3.2 percent) from last month. One year ago the average motor home sold for $36,207 and the average towable unit brought $10,251.
Auction volume was down once again, a little more so than last month: 9 percent for motorized units and 15 percent for towables.
“I expect it to begin to increase significantly as the weather gets a little warmer and ‘huge snow storm’ is not a weekly forecast,” Lawrence said.