Motorhome Wholesale Prices Drop in First Time Since February
While towables continued to increase wholesale price by 1 percent, the dip in motorhome value fell from 7 percent from July.
Black Book reported wholesale RV prices fell from the previous month in the motorhome segment, which is the first drop since early 2021.
While August towable wholesale prices reached record levels for the eighth consecutive month, RV News reported, motorhome wholesale prices fell 7 percent from July. The dip was the first time motorhomes’ prices had gone down since February.
“For the first time in several months, one of the major RV market segments has declined in value,” Black Book Principal Analyst – Specialty Markets Eric Lawrence said. “While towables once again increased, it was by under 1 percent, their smallest gain since last November. Is continued increased new production helping supply finally catch up with demand, or is this just a normal market fluctuation?” he inquired.
For towables, the average selling price in August was $24,280, which was up $140 from July and up 32.8 percent from August 2020. Its auction volume rose 5.3 percent from July, and the average model year bought was 2016.
The average motorhomes’ selling price was $69,953 in August, down $5,536 from July but still up 24.3 percent from August 2020, an 8.5 percent difference from towable growth. Auction volume fell surprisingly 19.1 percent from July, with 2009 models commonly purchased.