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The largest RV dealerships, those with more than $10 million in annual sales, were profitable during the first two months of this year, according to consultant firm The Spader Companies.
The bigger retailers were the only group of RV dealers to report profits when their results for January and February are combined, the Spader firm reports. Dealerships with more than $10 million in annual sales earned, on average, a net profit of $39,585 during the first two months of this year, compared with a net loss of $20,236 incurred during the first two months of 2001.
Meanwhile, dealers with between $5 million and $10 million in annual sales reported, on average, net losses of $25,429, while dealers with less than $5 million in annual revenue lost $20,373 net during the first two months of this year.
Unlike small and mid-size dealers, the bigger dealers reported their new RV inventories were larger, at least in terms of dollar value, as of late February. The average larger dealership reported its new RV unit inventory was 6.1% bigger as of the end of February at $4,200,684, compared with $3,958,763 a year earlier.
The average bigger dealership also reports its new RV sales revenue soared 25.6% higher during the first two months of this year to $1,801,361.
Total sales revenue at the average larger dealership was up 24.5% higher during the first two months of this year to $2,837,872.