VIDEO 1: Black Book’s July Wholesale Report
Begg’s Black Book, offering a monthly analysis of the wholesale specialty vehicle market, reported that July auction values for motorhomes dropped while the towable market was stable. To view the video click here or scroll to the right side of the RVBUSINESS.com home page.
Beggs reported that July motorhome values retreated $5,157 to close at $33,899, down 13% from last month’s $39,056. He noted, “That drop is not as dramatic as it might at first appear. Two months ago values were right at $33,934, which is only $35 more than this month’s average, so the market is actually much more stable than it would appear if you just looked at last month’s values out of context.”
Beggs added, “We promised to keep a very close eye on this market segment to see which of the previous two months results was the anomaly, and having done that, we can report with some confidence that last month’s blip in values was indeed a red herring, and not indicative of any sort of major market correction.”
Towable values for the month showed little fluctuation, dropping $940 (8%) to $9,668 from the prior month’s $10,628.
For reference, one year ago the average motorhome sold for $39,212 at auction, while the average towable came in at $11,247.