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RV values at auctions continue to rise

(Oct. 20, 2017) -- “The values of both motorized and towable units sold at wholesale auctions increased once again this past month, which, as we said last time, is unusual for this time of year," reported Eric Lawrence, Black Book RV Guide.

UNITED STATES — “The values of both motorized and towable units sold at wholesale auctions increased once again this past month, which, as we said last time, is unusual for this time of year,” reported Eric Lawrence, Black Book RV Guide.

He added, “I believe the unexpected strength is a combination of factors: RVs are red hot right now, the economy is strong (the Dow recently exceeded 23,000) and the number of late model, good condition RVs running through the auction lanes is way up when compared to previous years.”

Taking a closer look at the markets, Black Book finds that the average selling price for motorized units was $48,537, which is up $475 (0.9 percent) from the previous month. Towables came in at $14,591, up $539 (3.8 percent) from last month. One year ago the average motorhome sold for $44,597 and the average towable unit brought $12,808.

Auction volume was mined: motorized was unchanged and towable dropped 8 percent, the report noted.

Source: Black Book RV Guide

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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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