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Large and midsize RV dealers were more profitable after the first five months of this year than they were after the first five months of 2002, according to consultanting firm Spader Business Management.
Meanwhile, the average small dealer, which Spader defines as having less than $5 million in annual sales, reported a 7.6% decline in net earnings after the first five months. The average small dealer earned $51,870 year-to-date through May 31, versus $56,111 earned in the same portion of last year.
Midsize dealers, those with between $5 million and $10 million in annual sales, reported their earnings soared 25.5% higher during the first five months of 2003 to an average of $152,083, compared with $121,151 earned in the same period a year earlier.
Large dealers, those with more than $10 million a year in sales, reported their net income increased, on average, 10% to $436,106, compared with $396,391 earned in the first five months of 2002.