Wholesale RV values hit an all time high this past month, according to Black Book’s monthly analysis of the used RV market.
The average selling price for motorized units climbed to $51,574 in June, up more than 9.0% from the May mark. Motorhome value hit a similar peak in Dec. 2019, according to Black Book, but this June 2020 spike is the highest the analysts show since 2016.
Black Book’s reports on wholesale RV values the past few months show a rapid spike in motorhome and travel trailer value following a sharp dip during March, due to the coronavirus pandemic. In June, the value of used motorhomes and trailers appear higher than they have been since Jan. 2016.
“RV dealers are still reporting brisk sales of both new and used units,” said Eric Lawrence, principal analyst for Black Book specialty markets. “Their biggest complaint remains a lack of inventory, due to a drop off in trade ins from the increased number of first-time buyers, a lower supply of units at auctions, and the delayed delivery of previously ordered new units. These factors have combined to push the prices of RVs sold at wholesale auctions to all-time highs.”
Click here to read more RV News coverage of motorhome and trailer market values.
Towable values also hit a new high this past month. Average trailer and fifth wheel value came in at $18,331, up 4.7% from last month. One year ago, the average motor home sold for $49,667 and the average towable unit brought $14,840.
Auction volume was mixed during June, however, as motor homes declined 8.9% while towables were unchanged. The average age of both towable and motorized units was seven years old, or 2013 models.
See full charts of 2020 wholesale RV values below:
For Motor Homes (including Class A, B, and C)
- Average selling price was $51,574, up $4,354 (9.2%) from the previous month.
- One year ago, the average selling price was $49,667.
- Auction volume was down 8.9% from the previous month. The average model year was 2013.
For Towables (including Travel Trailers and Fifth Wheels)
- Average selling price was $18,331, up $825 (4.7%) from the previous month.
- One year ago, the average selling price was $14,840.
- Auction volume was unchanged from the previous month. The average model year was 2013.