Sales revenue at larger RV dealers declined during the first five months of this year, but their net profits increased an average of 1% during the period, according to consultant firm The Spader Companies.
The Spader firm defines larger RV dealers as having more than $5 million in annual sales revenue.
Profits during the first five months of this year at the average larger dealer totaled $165,738, compared with $164,066 earned during the same period a year earlier, according to the Spader firm.
The average larger dealer carried a new RV unit inventory valued at $2,799,103 as of late May, down 4.6% from the same time a year earlier, the Spader firm reports.
New RV unit sales revenue also declined 3.5% during the first five months of this year to an average of $3,239,819.
Meanwhile, the average larger dealership shrunk its used RV unit inventory by 6.2% as of late May to $648,959, compared with $691,852 a year earlier.
Used RV unit sales revenue at the average larger dealer also declined 5.4% during the first five months of this year to $1,169,396.
Total sales revenue at the average larger dealer was down 3.9% during the first five months of this year to $5,237,119, the Spader firm added.