(March 18, 2020) — RV values declined in January, as the industry begins to experience the effects of the coronavirus.
“Motorized saw the biggest drop, but that was expected due to the unusually high wholesale values that we saw two months ago, which were most likely exaggerated by the low volume that had run through the auctions,” explained Eric Lawrence, principal automotive analyst for Black Book.
The average selling price for motorhomes was $43,854, down $7,762 (15.1%) from the previous month. Auction volume was up 51.5% from the previous month and the average model year was 2013.
The average towable selling price was $14,462, down $350 (2.3%) from the previous month. Auction volume was up 30.5% from the previous month while the average model year was 2013.
One year ago, the average motorhome sold for $41,846 and the average towable unit brought $12,832.