Net earnings at the average larger RV dealership increased 11.8% when the first eight months of this year are compared with the same portion of 2000, according to consultant firm The Spader Companies.
Profits were up despite flat sales of new and used RV units, according to the Spader firm, which defines a larger dealership as having annual sales revenue above $5 million.
The average larger dealer earned a net profit of $439,485 during the first eight months of this year, compared with $393,093 earned during the same portion of last year.
Meanwhile, new RV unit sales revenue declined 0.5% during the first eight months of this year to $5,640,225, compared with $5,670,492 a year earlier. Used unit sales revenue increased 0.1% during the first eight months of this year to $2,093,458.
Larger dealerships reduced the size of their new RV unit inventories by an average of 4.4% to $2,596,870 as of Aug. 31, compared with $2,717,315 as of Aug. 31, 2000, according to the Spader firm.
Used RV unit inventories also were 5% lower at larger dealerships at $613,542 as of Aug. 31.
Despite an 18.4% increase in F&I income, an 8.1% increase in service department revenue and a 6.4% increase in parts & accessories sales, total sales revenue at the average larger dealership was flat during the first eight months of this year. Total sales amounted to an average of $9,244,671 during the first eight months of this year, compared with $9,235,209 a year earlier, the Spader firm reports.