Tuesday, January 23, 2018
Breaking News
Home » RV Industry News » Auction values stable in April, prices up 0.1 percent

Auction values stable in April, prices up 0.1 percent

(May 4, 2016) -- RV values at auctions leveled off in April, Black Book reported, noting that prices for motorized and towable units increased only 0.1 percent.

LAUREL, Md. — RV values at auctions leveled off in April, Black Book reported, noting that prices for motorized and towable units increased only 0.1 percent.

“As we enter the last part of spring and the first part of summer, the values of RVs sold at wholesale auction have started to level off,” said Eric Lawrence, Black Book director of specialty products.

“This is not surprising for this time of year, as most dealers have been buying inventory for the past several months in order to be fully stocked when the first wave of shoppers were lured into their stores by the nicer weather,” he explained.

“As the year progresses, I expect that most dealers in ‘seasonal’ regions will continue to purchase units to replace their sold inventory until late summer or early fall,” said Lawrence.

Taking a closer look at the markets,the average selling price for motorized units was $35,168, which is an increase of $44 (0.1 percent) from the previous month.  Towables came in at $11,965, up $17 (0.1 percent) from last month.

“Although the gains are minimal, that’s four months in a row with the major market segments moving in the same direction,” said Lawrence.

One year ago the average motorhome sold for $35,839 and the average towable unit brought $10,558.

Auction volume was mixed, up 2 percent for motorized units and 25 percent for towables. Lawrence expects volume to remain stable for the next several months.

SOURCE: Black Book press release

Print Friendly, PDF & Email

About Greg Gerber

Greg Gerber is a freelance writer and podcaster who has been writing about the RV industry since 2000. He is the former editor of RV Daily Report.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

RV Daily Report welcomes comments from readers. However, we expect that comments will be cordial and professional without reverting to name-calling, profanity and libelous language. Comments of that nature will be removed.