A new Black Book report shows that used motorhome and travel trailer values are higher than they were last year, but overall auction volume fell in March 2020 compared to the previous month.
“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 for Specialty Markets. “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.”
The market analysis publication shared its March 2020 report on the used RV market earlier this week, and included the following highlights:
For Motor Homes (including Class A, B, and C)
- Average selling price was $47,454, up $3,600 (8.2%) from the previous month.
- One year ago, the average selling price was $42,768.
- Auction volume was down 12.1% 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%) from the previous month.
- One year ago, the average selling price was $13,577.
- Auction volume was down 17.8% 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%) from the previous month.
- One year ago, the average selling price was $13,577.
- Auction volume was down 17.8% from the previous month. The average model year was 2013.
