2018 was a slow start for the powersports market but had strong growth throughout spring and summer, and, surprisingly throughout fall too. NADAguides predicts a positive 2019, according to early January results.
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Although the volume of vehicles offered at auction has dropped, as we’d expect for this time of year, the values of those that were sold actually increased a little bit for both towables and motorized units. Most dealers will begin to restock their lots for the upcoming spring selling season in the next few months, so we expect prices to begin to rise.
Towable Values Back Off As Fall Approaches. “The average selling price of towables at auction last month dropped nearly ten percent, which is a surprise, given their recent market trends. However, it’s important to note that they are still above where they were three months ago, and roughly the same as they have been for most of the year. We’ll be keeping an eye on them to see if the market is truly softening, perhaps due to oversupply on the new side, or if last month was an anomaly.” Eric Lawrence, Director of Specialty Markets