New-RV-unit inventories at large dealerships were 1.7% smaller as of the end of February, compared with the end of February 2003, according to consulting firm Spader Business management.
Spader defines large dealerships as having more than $10 million in annual sales, and it reports the average large dealer had new-RV-unit inventory valued at $4.26 million as of the end of February, compared with $4.33 million at the end of February 2003.
However, Spader also reports midsize and small dealerships carried slightly larger new-RV-unit inventories as of the end of February.
The average midsize dealer, which Spader defines as having $5 million to $10 million in annual sales, carried new-RV-unit inventory valued at $2.11 million as of the end of February, a 2.4% increase over the $2.06 million a year earlier.
Small dealers, those with less than $5 million in annual sales, increased their new-RV-unit inventories by 2% to $1.08 million as of the end of February, compared with $1.06 million a year earlier, Spader reports.