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Inventories of new RV units were larger, in dollar terms, at the end of January than they were at the end of December, according to consulting firm Spader Business Management.
However, new RV unit inventories were slightly smaller at large dealerships as of Jan. 31 than they were on Jan. 31, 2003, Spader reported.
At midsize and small dealerships, new RV unit inventories were bigger as of Jan. 31 than they were on the same date a year earlier.
At large dealerships, which Spader defines as having over $10 million in annual sales, the average value of new RV unit inventories was $4.17 million as of Jan. 31, which represents a 2.6% decline from the $4,.28 million worth of inventory on Jan. 31, 2003. Nevertheless the total on Jan. 31 this year, represents a 6.4% increase over the $3.92 million worth of new inventory on Dec. 31, according to Spader’s data.
At midsize dealers, those with $5 million to $10 million in annual sales, the value of new RV-unit inventories averaged $2.14 million as of Jan. 31, a 5.1% increase over the $2.03 million in new-unit inventory those dealers carried as of Jan. 31, 2003. The Jan. 31 total was 12% larger than the $1.91 million worth of new units they stocked as of last Dec. 31.
Small dealers, which the Spader firm defines as having less than $5 million in annual sales, also expanded their new RV-unit inventories by 3.6% to $1.03 million as of Jan. 31, compared with $997,881 a year earlier.
The $1.03 million in inventory on Jan. 31 was 7.7% larger than the $960,096 worth of new units on last Dec. 31.