VIDEO 2: Black Book Sees Values Rise in April
Begg’s Black Book, offering a monthly analysis of the wholesale specialty vehicle market, reported that auction values bucked seasonal trends and continued to head higher this spring. To view the video click here or scroll to the right side of the RVBUSINESS.com home page.
Black Book noted that usually around this time of year the values of RVs sold at auction begin their seasonal decline, as most dealers have fully stocked up for the late spring/early summer prime selling season. This year it has been a little different as prices at auction continue to stay strong, and are even rising on many units. Some dealers we have spoken to have theorized that the strength may be due in part to the extra cold winter pushing everything back a couple of months, or perhaps the improving economy is finally making its presence known in the preowned RV market.
This past month, motorhomes continued their upward march, coming in at an average selling price at auction of $37,239, up $2,036, or just less than 6%, from last month’s $35,203. Towables, including travel trailers, fifth-wheels and camping trailers, added another $134 (1.2%) to last month’s $10,512, coming in at $10,646. This is the sixth month in a row that both motorhome and towable prices have increased. For reference, one year ago the average motorhome sold for $39,081 at auction, while the average towable was $11,243.
Ricky Beggs covers towable and motorized RVs, along with heavy-duty trucks, motorcycles/powersports and collectible cars.