Black Book’s RV Market Commentary for April found wholesales RV values mixed, with towable RV values up from the previous month and motorized values down.
Auction volumes were up for both motorhomes and towable RVs.
“Most areas of the country are beginning to enjoy milder Spring weather, and that always gets shoppers headed out to the dealerships,” said Eric Lawrence, Black Book principal analyst – specialty markets. “The average auction prices of the segments we track moved in opposite directions last month, but I think that may be due largely to the changes in the relative average ages of the vehicles.”
The average age of motorized RVs sold was 12 years old, the 2011 model year. Towable RVs, meanwhile, were much newer. Towable RVs sold averaged five years old, the 2018 model year.
Average sales prices for towables in February totaled $21,077, up 7.8% from January and up less than 1% from the $20,938 sales price in February 2022.
The average sales price for motorized RVs totaled $62,690, down 7.1% from January and down 18% from the $76,332 sales price in February 2022.
Motorized RV auction volume rose 5.6% in February from the previous month after rising 12.3% in January month-over-month.
Towable RV auction volume rose 0.1% in February from the previous month after a 6.2% month-over-month increase in January.
“We expect auction volumes to increase going forward,” Lawrence said, “as dealers begin to see more trade-ins.”