Black Book, a data analysis company, said in its December market commentary that RV values, which normally decline in the winter, have risen across the board.
“In a normal year, RV values would begin to decline as we head into winter, but as I am sure you all know, this is anything but a normal year,” said Eric Lawrence, Black Book’s specialty markets principal analyst. “Wholesale values are up across the board, mirroring the seemingly never-ending growth on the new side, where shipments have just notched another all-time high.”
According to the company’s data, motorized units sold for an average price of $81,384 in October, up $6,394 (8.5%) from the previous month. Towables came in at $22,313, up $304 (1.3%) from last month. At this time in 2020, the average motorhome sold for $53,601 and the average towable unit brought $19,196.
“Perhaps the rise in motorized values,” Lawrence said, “reflects dealers’ concerns about possible chassis shortages next year.”
However, auction volume was down, with motorhomes declining 22.4% while towables dropped 9.8%. The average age of motorhomes was 11 years old (2010), and towables was six (2015).
