VIDEO 3: ‘Black Book’ Sees Coach Values Grow
Begg’s Black Book, offering a monthly analysis of the wholesale specialty vehicle market, saw improved values for motorhomes during January while towables slipped slightly. To view the video click here or scroll down the right side of the RVBUSINESS.com home page.
“Although many areas of the country are having record cold weather and more snow than they have had in years, we have to keep in mind that the prime spring RV selling period is just a few short months away,” said Ricky Beggs, senior vice president and editorial director of Black Book. “March and April are when auction values historically reach their peaks, so if you have not yet started to stock up, this month might be a good time to visit your favorite RV auction.”
For the month, motorhomes came in at an average selling price at auction of $35,742, up $1,436 (4.1%) from last month’s $34,306. Towables, including travel trailers, fifth-wheels and camping trailers, dipped slightly to $9,501, down $164 (1.8%) from last month’s $9,665.
For reference, one year ago the average motorhome sold for $37,258 at auction, while the average towable was $9,771.
Black Book’s RV values closely tracked the market once again this month. The sales bump caused by end-of-year selling activity caused sales of motorhomes to come in at 95% of book value, while towables managed a respectable 90%.
Ricky Beggs covers towable and motorized RVs, along with heavy-duty trucks, motorcycles/powersports and collectible cars.