Black Book Report Shows RV Values Rising

Black Book released its RV Market Commentary for May, showing wholesale RV values have increased as warmer weather arrives.

The average selling price for motorhomes in March was $63,540, up $8,689 (15.8%) from February. Towables came in at $18,770, up $1,110 (6.2%) from February. One year ago, the average motorhome sold for $55,950, and the average towable brought $19,000.

Eric Lawrence, Black Book principal analyst of specialty markets, said the value upticks for motorhomes and towables sold at auction are due to spring arriving.

“Most dealers who do business in areas with cold winters begin to stock up on inventory just prior to the arrival of warmer weather,” Lawrence said, “when eager buyers will start to flood into their showrooms and off-site shows to purchase a new, or used but new to them, RV for the upcoming year.”

Auction volume was mixed for March as motorhomes increased 2.4%, while towables declined 9.6%. The average age of motorhomes was eight years old (2017), and the average age of towables was five (2020).