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LAUREL, Md. — RV values at auction sites around the country are increasing for towables and motorized units, Black Book revealed today.
“Spring has officially arrived, and many dealers have been reporting increased activity on their lots. Auction volume was up slightly over last month, with wholesale prices increasing as well,” said Eric Lawrence, principal industry analyst at Black Book RV Guide.
“Used motorized values have risen for three months in a row, with three out of four increasing for towables,” he added.
With shipments of some new units being a bit slower than in recent years, many dealers are using their used units’ lower price points as a way to attract additional buyers,” said Lawrence.
The average selling price for motorized units was $42,768, which is up $922 (2.2%) from the previous month. Towables came in at $13,577, up $745 (5.8%) from last month.
One year ago the average motor home sold for $45,453 and the average towable unit brought $13,519.
Auction volume was up slightly at 2% for motorized and 4% for towables.
The average age of motorized units was 9 years old (2010), while towables were a bit younger at eight (2011).
SOURCE: Black Book press release