The first four months of this year were quite profitable for RV dealers of all sizes, when compared with the same portion of 2003, according to consulting firm Spader Business Management.
Dealers with more than $10 million in annual sales saw their net income increase 13.5% during the first four months of the year to an average of $279,900, compared with $246,702 a year earlier.
Dealers with $5 million to $10 million in annual sales experienced, on average, a 39.7% increase in net income during the first four months of this year to $89,415, compared with $63,991 a year earlier.
And dealers with less than $5 million in annual sales – they were barely profitable in the first four months of 2003, earning an average of only $1,083, –saw their net profits soar to an average of $29,421 in the first four months of this year, Spader reported.
Dealers of all sizes also reported significant increases in new-RV-unit sales revenue.
Dealers with over $10 million in annual sales reported new-RV-unit sales revenue averaging $4,042,921 in the first four months of this year, a 6.7% increase over the $3,790,649 they generated in the first four months of last year.
Dealers with $5 million to $10 million in annual sales experienced a 16.5% increase in new-RV-unit sales revenue to $1,751,902 in the first four months of this year, versus $1,503,654 in the same portion of 2003.
And dealers with less than $5 million in sales saw their new-RV-unit sales revenue increase 23.7% in the first four months of this year to an average of $832,138, compared with $672,928 a year earlier.