Black Book released its newest monthly report on the RV industry today, segmented into an analysis of the motorhome and travel trailer markets.
“If you needed any proof that the RV market is on fire, look no further,” said Eric Lawrence, principal analyst for special markets. ” For the past several weeks, we’ve all been reading dozens of articles and posts about how busy RV dealers have been with the huge influx of customers, many first-time buyers, who are looking to purchase an RV for a safe, socially distant summer vacation. With dealers scrambling for used inventory to meet this increased demand, the prices of motorized units saw a huge jump at auction, while towables soared an all-time high.”
Taking a closer look at the markets, the report shows the average selling price for motorized units was $47,220, which is up $10,750 (29.4%) from the previous month. Towables came in at $17,506, up $3,875 (28.4%) from last month. One year ago the average motor home sold for $46,747 and the average towable unit brought $14,666.
Auction volume skyrocketed: motor homes jumped 108% while towables rose 98%.
The average age of motorized units was seven years old (2013), and towables were the same (2013).
For Motor Homes (including Class A, B, and C)
- Average selling price was $47,220, up $10,750 (29.4%) from the previous month.
- One year ago, the average selling price was $46,747.
- Auction volume was up 108% from the previous month. The average model year was 2013.
For Towables (including Travel Trailers and Fifth Wheels)
- Average selling price was $17,506, up $3,875 (28.4%) from the previous month.
- One year ago, the average selling price was $14,666.
- Auction volume was up 98% from the previous month. The average model year was 2013.