LINCOLNSHIRE, Ill. – Camping World Holdings, Inc. (NYSE: CWH), the world’s largest recreational vehicle dealer, today announced in a press release that it is set to acquire RV Arizona Consignment Specialists in El Mirage, Ariz.
The transaction establishes a platform and plan for a nationwide rollout of consignment exclusive locations and best practices integration into the company’s existing dealership locations with consignment sales, the release stated. It is anticipated to close in the fourth quarter of 2023.
The standalone consignment location is led by Marty Holman, a 25-year-plus RV industry veteran who has excelled in roles ranging from chief financial officer of a multi-store dealership group to owner-operator. Holman will spearhead the company’s plan to ramp up efforts around consignment sales.
The company believes consignment units are an enhancement to its existing multi-year goal to reach $3 billion of used RV sales annually. Over the 36-month period ending June 30, the company has more than doubled its used RV sales to just under $2 billion on a trailing 12-months basis.
Marcus Lemonis, chairman and CEO of Camping World commented, “Marty Holman and the RV Arizona team have built an industry leading process around RV consignments, we expect to leverage these skills to supercharge our existing consignment business, improve returns on our used RV inventory, and further grow our used RV business towards the previously stated $3 billion annual goal.” Mr. Lemonis continued, “Growing our used RV business is one of our top revenue objectives, and any time we can increase inventory turns while reducing working capital, we believe it is win-win for our shareholders.”
Individuals interested in applying for a position may visit http://www.campingworldjobs.com/.