The RV industry continues to show improvement based on activity at the RVIA convention in Louisville. More typical seasonal patterns are emerging, as motor homes have declined less than one percent, a big improvement from year ago levels. Towables are down –6.5% from last month.
Collectibles and exotic vehicles haven’t shown a lot of change, with values inching up recently. The industry is gearing up for a lot of auction activity in Arizona in the coming weeks, with strong focus planned on vintage exotics and classic American cars from the 1950s.
In motorcycles and power sports, ATVs (-1.0%) and utility vehicles (-0.8%) are down slightly, as are jet boats (-0.8%) and street bikes (-0.9%). Snowmobiles are up +1.3% this past month, and values will likely accelerate once the colder winter weather arrives shortly.
A continued mixed bag in medium and heavy duty trucks. Medium-duty trucks continue to see a softening market and this past month saw sharper declining prices compared with previous months. Heavy-duty trucks are still seeing strength, mostly because of strong interest from buyers and an optimal mileage picture on many of the units at wholesale (between 120,000 – 140,000 miles).
(courtesy of black book)