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The largest RV dealers, those with more than $10 million in annual sales, were the most profitable during the first quarter of this year, according to consultant firm The Spader Companies.
The largest dealers’ average net profit more than doubled during the first quarter to $136,985, compared with $53,996 earned during the first three months of 2001, the Spader firm reports.
Meanwhile, mid-size dealers, those with $5 million to $10 million in annual sales operated basically at breakeven during the first quarter, and dealers with less than $5 million in annual sales reported net losses averaging $19,102 after the first three month of this year.
The average mid-size dealer reported a net loss of $1,124 during the first three months of this year, compared with an average net loss of $13,410 incurred a year earlier.
The $19,102 net loss reported by the average smaller dealer during the first quarter of this year compares with an average net loss of $30,073 incurred during the first three months of the 2001, the Spader firm reports.