Dealer inventories of new RVs were up in dollar terms as of May 31, while the largest dealers reported lower sales revenue totals for the first five months of this year, when compared with the same portion of 2002, according to consultant firm Spader Business Management.
Inventories of new RVs were up 8.4% as of May 31 at the largest dealers, which the Spader firm defines as those having more than $10 million in annual sales. The largest dealers, on average, carried new RV unit inventories valued at $4,334,617 as of May 31, compared with $4,000,475 as of May 31, 2002.
Meanwhile, mid-size dealers, which the Spader firm defines as having between $5 million and $10 million in annual sales, expanded their new RV unit inventories by 22.4% as of May 31, when compared with the same time a year earlier. Mid-size dealers, on average, carried new unit inventories valued at $2,099,671 as of May 31, versus $1,716,101 a year earlier.
Smaller dealers, which the Spader firm defines as having less than $5 million in annual sales, reported their new RV unit inventories were 10.6% larger as of May 31. On average, smaller dealers carried $1,112,718 worth of new unit inventory as of May 31, compared with $1,006,161 a year earlier.
Although the largest dealers reported lower new RV unit sales revenue totals during the first five months of this year, mid-size and smaller dealers reported sales revenue increases.
In the case of the largest dealers, their new RV unit sales revenue declined 5.6% during the first five month of this year to $5,272,113, versus $5,595,552 during the first five months of 2002.
However, mid-size dealers, on average, reported their new RV unit sales revenue increased 1.8% during the first five months of the year to $2,149,458, versus $2,112,075 during the same portion of last year.
Smaller dealers, on average, reported their new RV unit sales revenue increased 5.4% during the first five months of this year to $1,015,373, compared with $963,068 during the first five months of 2002.