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Dealer inventories of new RV units were up between 8.4% and 19.8% as of April 30, when compared with April 30, 2002, when most in the industry felt dealer inventories were too low, according to consultant firm Spader Business Management.
Mid-size dealers, those with between $5 million and $10 million in annual sales revenue, reported the largest increase in new RV unit inventories: 19.8%, the Spader firm reports.
The average mid-size dealer reported a new RV unit inventory valued at $2,104,426 as of April 30, compared with $1,756,225 as of April 30, 2002, according to the Spader firm.
Meanwhile, the largest dealers, which the Spader firm defines as those with more than $10 million in annual sales, reported the smallest new RV unit inventory increase: 8.4%.
The average larger dealer reported having a new RV unit inventory valued at $4,436,444 as of April 30, compared with $4,092,182 a year earlier, the Spader firm reports.
The average smaller dealer, which the Spader firm defines as having less than $5 million in annual sales, reported a 12.8% increase in new RV unit inventory to $1,140,544 as of April 30, compared with $1,011,097 a year earlier.
However, only the smaller dealers reported an increase in new RV unit sales revenue. And that increase was only 1.9% during the first four months of this year to $672,928, compared with $660,203 during the first four months of 2002.
Meanwhile, the average larger dealer reported a 9.6% decline in new RV sales revenue during the first four months of this year to $3,790,649, compared with $4,192,844 a year earlier.
Mid-size dealers, on average, reported their new RV unit sales revenue declined 2% during the first four months of this year to $1,503,654, compared with $1,534,485 during the first four months of 2002, the Spader firm reports.