Black Book’s monthly analysis of the used RV market found prices in March mixed. Motorhome values increased after three months of declines but towable prices declined from the previous month.
Eric Lawrence, principal analyst – specialty markets at Black Book, said reports show continued consumer demand.
“Spring has arrived in many parts of the country and eager customers are beginning to flock to dealers’ showrooms,” Lawrence said. “Inflation and gas prices remain high, and the war in Ukraine has a lot of people concerned, but the dealers we have spoken to report normal showroom traffic.”
The average motorized selling price in March was $76,332, up 10.8% from February. Price increases occurred as auction volume also rose, up 19.1% from February.
The average motorhome price is up 29.1% from $59,092 in March 2021. The average age of motorhomes bought was 13 years old (2009).
Among towables, the average selling price in March was $20,938, down 4.2% from February. Auction volume among towables also slowed, down 3.8% from February.
Even as prices dipped, the average selling price rose 2.7% from the $20,371 price in March 2021. The average age of towables bought was six years old (2016).