VIDEO 2: Black Book Says Towable Values Soar
Begg’s Black Book, offering a monthly analysis of the wholesale specialty vehicle market, reported that values showed significant gains in February, led by towables which reached the highest point in four years. To view the video click here or scroll down the right side of the RVBUSINESS.com home page.
This past month, motorhomes came in at an average selling price at auction of $39,459, which is up $3,836 (10.1%) from a month ago. Towables, including travel trailers, fifth-wheels and camping trailers, skyrocketed to $11,840, up an impressive $1,676 (16.4%) from last month’s average price at the auctions. This is the highest that towables have been since April of 2010, when they clocked in at $11,926. For reference, one year ago the average motorhome sold for $38,362 at auction, while the average towable was $10,022.
Ricky Beggs covers towable and motorized RVs, along with heavy-duty trucks, motorcycles/powersports and collectible cars.