A month after Black Book analyst Eric Lawrence said RV stories appeared to be a little brighter than the economic doom and gloom nationwide, Lawrence reported more good news for the RV market.
Black Book’s latest monthly RV Market Commentary reported average wholesale selling prices increased this month for the second consecutive month.
Lawrence, principal analyst for specialty markets, said factors playing a role in the price increase included the age of the units, unit quantity, relative unit condition as well as make and model mix.
The average selling price for towables was $21,221, up $964 or 4.7% from the previous month. The August price is down 12% from the average selling price a year ago, $24,140.
The average selling price for motorized units was $79,668, up $6,053 or 8.2% from the previous month. The August price is 5.5% higher than the average selling price one year ago, $75,489.
The average motorhome age was 13 years old (2009) and the average towable age was five (2017).