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This year got off to a good start with RV dealer sales revenue increasing sharply during January, according to consulting firm Spader Business management.
Small dealers, which Spader defines as having less than $5 million in annual sales, reported a 23.7% increase in new RV unit sales revenue to an average of $127,143 in January, compared with $102,804 in January 2003.
Large dealers, which Spader, defines as having more than $10 million in annual sales, experienced an 8.5% increase in new RV unit sales in January to an average of $756,873, compared with $697,538 a year earlier.
Midsize dealers, those with $5 million to $10 million in annual revenue, had a 4.8% increase in new RV unit sales to an average of $249,717, compared with $238,338 in January 2003.
RV dealers typically report net losses for January and that was the case again this year, although large dealers did report a tiny net profit in January. Large dealers earned $1,036 in January, compared with a net loss of $4,591 incurred a year earlier.
Midsize dealers, on average, reported a net loss of $28,089 in January, compared with $27,344 in January 2003.
Small dealers reported net losses averaging $19,173 in January, compared with $25,262 in January 2003.