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While your Black Book Value is the most trusted source out there, it should be considered a guideline only. Factors like supply, demand, location, and economic environment affect a vehicle’s market price. *Note: Vehicle values can change daily, so it’s important to know that this is an estimate only. For reference, the 2019 Lincoln Nautilus originally had a starting sticker price of 41,335, with the. You have nothing to lose.except your misconceptions about the value of your vehicle. It was founded in 1955 and is now based out of Lawrenceville, Georgia. The people at Canadian Black Book are as plugged in as anyone, and they have the most reliable, up-to-the-minute data available.īest of all, it’s free! So if you’re considering selling your vehicle, get your Black Book value first. Black Book is a valuation website that provides data and car values primarily to dealerships. The market is always changing, so it’s great to have an unbiased third-party do your work for you. Whether you’re a first-time car seller or a seasoned vet, Canadian Black Book is incredibly valuable. For reference, the 2015 Honda CR-V originally had a starting sticker price of 25,595, with the range-topping CR-V Touring Sport Utility 4D starting at. This value - which is based on sales data, auctions, brand equity, and the pricing of similar vehicles across Canada - is the most accurate estimate a consumer is likely to find. Many items that factor into the NADA Guides value calculation also factor into the depreciation rate. The average depreciation rate after five years is between 36 and 38. “In a month or two we will flip the switch into a spring market, where people start to get thinking about an RV, and a lot of the dealers will start to host their local RV shows.Canadian Black Book is a service that allows drivers to learn the estimated value* of their pre-owned vehicles (aka their “Canadian Black Book value”). In the first year, RVs depreciate between 10 and 20, and they continue to lose value within the first five years of ownership.
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“The market we are in right now is a typical winter market,” Lawrence said. The average model years sold were 2015 for motorhomes and 2018 for towables. Towable values were down 16.5% compared with October. Motorhome volumes were down 14.3% compared with October. The average sales price one year ago was $18,529.Īuction volume was down for motorhomes and towables. The average towable sales price was $18,294, down $647 (3.4%) from October. “Towables were less volatile, with their values falling slightly for the fifth consecutive month.” “Motorhome values declined quite a bit last month, continuing an overall trend that first emerged in mid-2022,” Lawrence said. Low values are typical in colder months, Lawrence said, when the weather keeps consumers from RVing and buying. The sales price one year ago was $68,565, a 21.3% decline. The average motorhome sales price was $53,896, down $9,916 (15.6%) compared with the previous month. RV values have been on a downward trend since mid-2022. RVs bought after 2020 are surfacing in new spaces.īlack Book’s January RV Market Commentary reported RVs originally sold in 2020, 20 are appearing more frequently in wholesale auctions.īlack Book Specialty Vehicles Principal Automotive Analyst Eric Lawrence said, “We are starting to see the first wave of the Covid units go through the sales process the used sales process again.”Īdditionally, Black Book found a continued decline in wholesale RV values in November 2023 compared with October 2023.