VIDEO 2: Black Book Sees Mixed Bag in May
Begg’s Black Book, offering a monthly analysis of the wholesale specialty vehicle market, reported that auction values were a mixed bag during May with motorhomes hitting the brakes and towables showing games. To view the video click here or scroll to the right side of the RVBUSINESS.com home page.
According to the report by Editorial Director Ricky Beggs, motorhomes fell to $33,934 from last month’s $37,239, a drop of roughly 8%. Beggs noted that the sector had risen in value 6% the month before, so the 8% drop is not as dramatic as it might first appear. Values for towables, including travel trailers, fifth-wheels, and camping trailers, were up around 5% to $11,153 compared to April numbers. This is the seventh month in a row that towable prices have risen.
For reference, one year ago the average motor home sold for $39,343 at auction, while the average towable was $11,365. “The difference from the year ago strength we feel is being driven by slightly higher supplies of used units within the market,” Beggs said. “It is not yet an overabundance, but still a few more from which to choose for your used inventory.”
Ricky Beggs covers towable and motorized RVs, along with heavy-duty trucks, motorcycles/powersports and collectible cars.