Either the RV oven shortage or conservative inventory management practices explain why large dealerships carried smaller new RV unit inventories, at least in dollar terms, as of late December, according to Spader Business Management data.
However, midsize and small dealerships had bigger new RV unit inventories, in dollar terms, as of Dec. 31, Spader also reports.
At large dealerships, those with at least $10 million in annual sales, new RV unit inventories were at $3,925,389, or 1.2% smaller, as of Dec. 31 , compared with $3,974,101, on the same date in 2002, Spader reports.
Midsize dealers, those with $5 million to $10 million in annual sales, expanded their new RV unit inventories by a hefty 11.6% to $1,912,667 as of Dec. 31, compared with $1,714,179 a year earlier.
Smaller dealerships, those with less than $5 million in annual sales, also expanded their new RV unit inventories by 5.1% to $960,096 as of Dec. 31, compared with $913,603 on Dec. 31, 2002.
The RV oven shortage, which resulted because of difficulties at an oven components supplier, first became noticeable in November and forced many RV manufacturers to delay shipments to their dealers as they waited for more ovens to arrive.
The oven shortage likely will continue for at least another month, according to industry sources.