Black Book: Warm Temps Heat Up Auction Sales
Towable and motorhome sales at auction soared in April, according to the latest report from Black Book.
“Warmer weather is here and the spring market is upon us,” said Eric Lawrence, director of specialty products. “Towables set a another record in April while motorhome values hit their second highest value since the summer of 2010.
“The overall economy is strong, consumer confidence is up, and consumers are buying RVs in record numbers. Many of these new RV sales result in a used unit coming to the market, and dealers are stocking up to handle the customers who don’t want to buy new.”
Black Book reported that the average selling price for motorized units was $44,379, which is up $5,534 (14.2%) from the previous month while towables came in at $13,397 up $162 (1.2%). One year ago the average motorhome sold for $35,168 and the average towable unit brought $11,965.
Auction volume was also p substantially as motorized increased 13% and towables jumped 19%.