New RV unit inventories at larger dealers grew, in dollar terms, at a modest 3.4% rate as of last Oct. 31, when compared with Oct. 31, 2002, according to consultant firm Spader Business Management.
Meanwhile, mid-size dealers’ new RV unit inventories grew by a robust 13.9% rate and smaller dealers’ new RV unit inventories expanded at a significant 5.7% rate as of Oct. 31, the Spader firm also reported.
The average larger dealer, which the Spader firm defines as having over $10 million in annual sales, had a new RV unit inventory valued at $3,992,602 as of last Oct. 31, compared with $3,863,140 a year earlier.
Meanwhile, mid-size dealers, which the Spader firm defines as having between $5 million and $10 million in annual sales, carried new RV unit inventories valued at $1,863,926 as of Oct. 31, compared with $1,636,373 a year earlier.
In the case of smaller dealers, which the Spader firm defines as having less than $5 million in annual sales, their new RV unit inventories were valued at $953,721 as of Oct. 31, compared with $902,667 a year earlier.