Once again, wholesale RV values reached record heights in towables and motorhomes, according to the latest report from Black Book. Yet the data shows the increasing pace appears to be tapering.
In its latest RV Market Commentary, Black Book found June’s average towable selling prices totaling $23,654. The average price rose 2.1% from the previous month and is 29% higher than the $18,331 a year earlier.
For motorhomes, the June average selling price totaled $69,157, up 0.7% from the previous month and 34% from the $51,574 a year earlier.
“The values of used RVs sold at wholesale auctions rose across the board once again last month, but the increases were less than we have been seeing recently,” said Eric Lawrence, principal analyst, specialty markets. “It is likely that supply is finally catching up with demand, especially on the new side, where factories are producing record numbers of vehicles every month. Auction volume dipped once again, probably due to dealers holding on to their trade-ins.”
Towable auction volume was 2.5% lower than the previous month, while motorhome volume was down 11.3%. The average model year sold in towables was 2015, while in motorhomes it was 2010.