Sunday, October 15, 2017
Breaking News
Home » RV Industry News » Winter weather hampers RV auction values, volume

Winter weather hampers RV auction values, volume

(Feb. 23, 2016) -- The average selling price for motorized units was $34,902, which is a decrease of $4,168 (10.6 percent) from the previous month. Towables came in at $10,822, down $367 (3.2 percent) from last month.

LAUREL, Md. — “The near record winter storms that paralyzed much of the country last month really threw a wrench into the normal seasonal patterns we’ve come to expect within the RV industry,” said Eric Lawrence, director of specialty products for Black Book.

“Normally, by this time of the year, we’re seeing more RVs being sold at the auctions and higher transaction prices,” he explained. “But, the recent bad weather had the dual effects of snarling the usual wholesale channels and delaying many consumers from entering the marketplace, which naturally trickled down to less aggressive buying from dealers.”

Taking a closer look at the markets, the average selling price for motorized units was $34,902, which is a decrease of $4,168 (10.6 percent) from the previous month.  Towables came in at $10,822, down $367 (3.2 percent) from last month.

The major market segments have been moving in the same direction for two months in a row, Lawrence noted.

One year ago, the average motorhome sold for $36,207 and the average towable unit brought $10,251.

Auction volume was down once again, a little more so than last month, showing a 9 percent decline for motorized units and 15 percent for towables.

“I expect it to begin to increase significantly as the weather gets a little warmer and ‘huge snow storm’ is not a weekly forecast,” said Lawrence.

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 and can be reached at greg@rvdailyreport.com.

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Your email address will not be published.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.