A month after Black Book’s monthly RV Market Commentary reported an unusual spike in new 2022 towable RVs at auction, the market appears to have corrected itself in July.
Black Book’s September report found towable RV auction volume declined 15.1% from the previous month. Eric Lawrence, principal analyst – specialty markets, said the market did not collapse but returned to a more normal range.
“Although there were several ‘new’ 2022 and 2023 models run through the lanes again last month,” he said, “it was much less than during the inventory management scenario we had seen earlier.”
Towable RVs’ average selling price in July was $21,750. The price is down 13.1% from the $25,056 in June and about flat from the $21,221 average price in July 2022. The average model sold was a 2019.
On the motorhome size, the average selling price fell 4.5% to $65,316 from the $68,405 average price in June. July’s average price is 18% lower than the July 2022 price of $79,668.
Auction volume dropped 10.6% for motorhomes from the previous month. The average model sold was a 2013.