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The largest RV dealerships, those with more than $10 million in annual sales revenue, carried larger new RV unit inventories as of last Nov. 30, when compared with the same time a year-earlier, according to consultant firm Spader Business Management.
Meanwhile, mid-sized dealers carried new RV unit inventories having basically the same dollar value on Nov. 30 as of a year earlier, while smaller dealerships carried smaller inventories, the Spader firm reports.
Despite the differences in inventory management, all RV dealerships sharing financial data with the Spader firm reported sharply higher net profits when the first 11 months of 2002 are compared with the first 11 months of 2001.
The average dealer with more than $10 million in annual sales carried a new RV unit inventory valued at $3,923,668 as of Nov. 30, a 6.9% increase over the $3,669,510 in new RV unit inventory they had on their lots as of Nov. 30, 2001.
The average mid-size dealership, those with between $5 million and $10 million in annual sales, carried a new RV unit inventory valued at $1,666,288 as of Nov. 30, only a 0.2% increase over the $1,662,332 worth of new RV units they inventoried as of Nov. 30, 2001.
Meanwhile, the average dealer with less than $5 million in annual sales had an inventory valued at $877,832 as of Nov. 30, a decrease of 4.9% from the $922,383 worth of new RVs they inventoried as of Nov. 30, 2001.