The wholesale values of RVs continue to rise amid a surge in demand, according to a monthly report from Black Book.
“The values of used RVs sold at wholesale auctions rose across the board last month,” said Eric Lawrence, Principal Analyst – Specialty Markets at Black Book. “We have been hearing from dealers around the country that consumer demand is still very high, and they have only about 25% of the used inventory that they would like. Several said that manufacturers had been raising prices on their new units, which was letting them price their used units higher as well.”
Key points from the RV portion of the Black Book monthly specialty vehicle report include:
For Motor Homes (including Class A, B, and C)
- The average selling price was $64,474, up $1,507 (2.3%) from the previous month.
- One year ago, the average selling price was $36,470.
- Auction volume was up 12.7% from the previous month. The average model year was 2010.
For Towables (including Travel Trailers and Fifth Wheels)
- The average selling price was $22,214, up $393 (1.8%) from the previous month.
- One year ago, the average selling price was $13,631.
- Auction volume was up 27.6% from the previous month. The average model year was 2015.