Video 3: Black Book Says Coach Values Up
Begg’s Black Book, offering a monthly analysis of the wholesale specialty vehicle market, reported that June auction values reversed the previous month with motorhomes soaring and towables hitting the brakes. To view the video click here or scroll to the right side of the RVBUSINESS.com home page.
In a reversal from a month ago, motorhomes gained $5,122 to close at $39,056, up 15% from last month’s $33,934. Black Book Editor Ricky Begg’s noted, “The last time they were this high was August of 2013, when they came in at $39,534. Two months ago motorhomes were selling for an average of $37,239, so if you throw last month’s numbers out of the equation, they have risen $1,817, or 4.8%, from two months ago.
“We’ll be keeping a very close eye on this market segment in the coming months to see if which of the previous two months results, if either, was the anomaly. The mix of units available and the interest for inventory can play havoc on the big picture of the market.”
After seven months of increases, towables finally paused this past month and dropped by $525, falling 4.7% from $11,153 to $10,628. Beggs said, “This is the time of year that values typically start to trend downwards, so although we will be keeping a very close eye on the market as a result of what the motorhomes did, we do expect prices to continue to decline.