VIDEO 2: Black Book Reports Values Up in March
Begg’s Black Book, offering a monthly analysis of the wholesale specialty vehicle market, reported that auction values continued to head higher this spring. To view the video click here or scroll to the right side of the RVBUSINESS.com home page.
According to historical data, it looks like prices will have one or two more months of strength before beginning their seasonal dip as summer arrives. However, it is possible that the strong prices might hold up a little bit longer since the unseasonably cold temperatures of this spring have kept RV shoppers home and off of the dealers’ lots further into the calendar year.
This past month, motorhomes continued their upward march, coming in at an average selling price at auction of $35,203, which is up $282 (just less than 1%) from last month’s $34,921. Towables, including travel trailers, fifth-wheels and camping trailers, added another $273 (or about 2%), coming in at $10,512.
This is the fifth month in a row that motorhome and towable prices have increased month over month. For reference, one year ago the average motorhome sold for $40,025 at auction, while the average towable was $10,691.
Ricky Beggs covers towable and motorized RVs, along with heavy-duty trucks, motorcycles/powersports and collectible cars.
If you have not yet filled all the holes in your inventory, it’s not too late to get out to the auctions or use their online sites to take care of your inventory needs. True, prices will probably begin to
drop in a few months, but with so many shoppers making their purchases in the Spring, do you want to risk not having the unit they are looking for?