Black Book recently reported that the average selling price for used motorized units in March was $47,454, which was up $3,600 (8.2 percent) from the previous month. Towables came in at $14,834, up $372 (2.5 percent) from last month.
One year ago, the average motorhome sold for $42,768 and the average towable unit brought $13,577.
“The coronavirus has had widespread effects on the RV industry, including manufacturing plants temporarily closing, dealerships working under strict social distancing guidelines, and potential buyers who have put off their purchase until later in the year,” said Eric Lawrence, principal analyst of specialty markets at Black Book. “The results shown below reflect sales that include the early part of March, which was very strong and before many of the new regulations and other safety measures went into effect. We expect April sales data to reflect lower volumes and values.”
Auction volume was down: motorhomes dropped 12.1 percent while towables declined 17.8 percent.
The average age of motorized units was seven years old (2013), and towables were the same (2013).
For motorhomes (including Class A, B, and C):
- Average selling price was $47,454, up $3,600 (8.2 percent) from the previous month.
- One year ago, the average selling price was $42,768.
- Auction volume was down 12.1 percent from the previous month. The average model year was 2013.
For towables (including travel trailers and fifth wheels):
- Average selling price was $14,834, up $372 (2.5 percent) from the previous month.
- One year ago, the average selling price was $13,577.
- Auction volume was down 17.8 percent from the previous month. The average model year was 2013.
…
Written for RV Pro, April 28, 2020
