Today’s video comes from “Beggs Black Book” offering a monthly analysis of the wholesale specialty vehicle market.
Ricky Beggs noted that as cooler weather and winter approach, recreational vehicles have seen their market values begin their seasonal declines. Motorhomes came in at an average selling price at auction of $36,522, which is just over $3,000 (-8%) less than last month’s $39,534. Towables, including travel trailers, fifth-wheels and camping trailers, dropped to $9,994, a decline of about $1,200 (-10%) from last month’s $11,200. For reference, one year ago the average motorhome sold for $40,411 at auction, and the average towable was $10,529.
Dealers and banks who were using Black Book’s RV values this past month have commented that the numbers seemed to be “right on the money for this time of year.” A quick look at the data confirms this, with actual sales at auction coming in at over 97% for motor homes and nearly 99% for towables in relation to the Black Book published values. Tighter supplies of used and repo units continues to help limit the declining values.
Ricky Beggs covers towable and motorized RVs, along with heavy-duty trucks, motorcycles/powersports and collectible cars. To view the video click here or scroll to the right side of the RVBUSINESS.com home page.