RV dealer inventories, in dollar terms, grew larger as of the end of January possibly because new RV unit sales revenue declined in January at the largest and smallest dealerships, according to consultant Spader Business Management.
The biggest new RV unit inventory growth was at midsize dealers, those with $5 million to $10 million in annual sales revenue, Spader reports. At the average midsize dealer, new-unit inventory values grew by 20.4% to $2,036,653 as of Jan. 31, compared with $1,691,907 a year earlier.
Meanwhile, midsize dealers were the only category to report higher new RV unit sales revenue in January, although the amount of the increase was only was a modest 0.4% to $238,338, compared with $237,365 during January 2002.
At large dealerships, those with more than $10 million in annual sales revenue, the value of new unit inventories grew an average of 5.8% as of Jan. 31 to $4,286,097, compared with $4,049,909 a year earlier.
But new RV unit sales revenue at large dealerships declined 14% in January to an average of $697,538, compared with $811,136 a year earlier.
At small dealerships, those with less than $5 million in annual sales, new unit inventory values grew by 1% as of Jan. 31 to $997,881, compared with $987,835 a year earlier.
New RV unit sales revenue at small dealerships declined marginally, 0.2%, in January to an average of $102,804, compared with $103,014 in January 2002.
Total dealership sales declined in January at all three categories of dealerships, Spader reports. Total January sales at large dealerships declined 11.8% to $1,137,807, at midsize dealerships it declined 4.2% to $367,317 and at small dealerships it declined 11.3% to $137,300.