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Black Book reports higher auction volume raises prices

Black Book reports higher auction volume raises prices

LAUREL, Md. — The values of  motorized and towable recreation vehicles sold at wholesale auctions increased this past month, which is unusual for this time of year, Black Book reported today.

In fact, the value of towable RVs are at their highest level ever, and motorized are the highest they’ve been since July 2010, said Eric Lawrence, editor of Black Book RV Guide.

“This analysis includes very little sales data from after Hurricanes Harvey and Irma made landfall, so we’ll have to wait until next time to see what effects they had on supply, demand, and values,” he added.

The average selling price for motorized units was $48,062, which is up $339 (0.7 percent) from the previous month. Towables came in at $14,052, up $1,531 (12.2 percent) from last month.

One year ago, the average motorhome sold for $42,052 and the average towable unit brought $11,688.

Auction volume was up considerably as motorized RVs increased 10 percent and towable RVs rose 18 percent.

SOURCE: Black Book press release

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About Ronnie Garrett

Ronnie Garrett is the editor in chief of RV Daily Report. She's been a writer/editor for more than 25 years, working in law enforcement, aviation, supply chain and now the RV industry. She's not a stranger to RVs, however. She grew up camping, and still camps as many weekends as she can every year.

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