Black Book’s latest report found prices dropping as the winter season arrived nationwide.
The December Black Book RV Market Commentary said the steep drop in wholesale prices from a month earlier continued a recent trend.
“The drop off in motorhome values from the month before looks quite dramatic,” said Eric Lawrence, principal analyst – specialty markets, “but when you consider the overall trend line for the past several months, it is consistent with the patterns that we have been seeing since late spring. For example, it is down 10% from August and 16% from June.”
Motorhome prices fell 16.2% from October, or $11,999, to $62,070. The price is down 24% from the $81,384 registered in November 2021.
On the towable side, the average selling price in November fell 4.8%, or $1,030, from the previous month to $20,187. The price is down 9.5% from the $22,313 registered in November 2021.
Additionally, auction volume was lower in both RV types. Towable auction volume declined 7.9% in November from the previous month. Motorhome auction volume fell 3.4% from the previous month.
The average towable model year sold was 2016. The average motorhome model year sold was 2009.
