VIDEO 3: ‘Black Book’ Sees Wholesale Declines
“Beggs Black Book,” offering a monthly analysis of the wholesale specialty vehicle market, noted that cold weather affected RV auction prices in November.
Motorhomes came in at an average selling price at auction of $33,539, which is just under $3,000 (-8%) less than last month’s $36,522. This is the second month in a row that the decline has been right around $3,000. Towables, including travel trailers, fifth-wheels and camping trailers, dropped to $9,517, a decline of $477 (-5%) from last month’s $9,994. For reference, one year ago the average motorhome sold for $40,107 at auction, and the average towable was $9,836.
Black Book’s RV values closely tracked the market once again this month. Actual sales of motorhomes came in at 102% of book values, while towables managed an impressive 98%.
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 down the right side of the RVBUSINESS.com home page.