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The dollar value of new RV unit inventories grew modestly at midsize and large dealerships in 2002, according to consultanting firm Spader Business Management.
Meanwhile, new RV unit inventories, in dollar terms, actually shrunk at small dealerships, Spader also reported.
At the average small dealership, which Spader defines as having less than $5 million in annual sales, new RV unit inventory shrunk by 2% to $913,603 as of Dec. 31, compared with $933,948 as of Dec. 31, 2001.
But at the average midsize dealership, which Spader defines as having $5 million to $10 million in annual sales, new RV unit inventories grew by 4% to $1,714,179 as of Dec. 31, compared with $1,642,377 as of Dec. 31, 2001.
At the average large dealership, which Spader defines as having more than $10 million in annual sales, new RV unit inventories grew by 5% to $3,974,101 as of Dec. 31, compared with $3,795,618 as of Dec. 31, 2001.
The new RV unit inventory growth rates were modest when compared with the average 2002 dealership net-profit growth rates of 28% to 39%, according to Spader.