Larger RV dealers were marginally profitable during the first quarter of this year while the losses reported by smaller dealers were slightly less than they were a year earlier, according to consultant firm the Spader Companies.
The average larger dealer, which the Spader firm defines as having annual sales of more than $5 million, had a profit of $10,117 at the end of the first quarter, a 72% drop from the profit of $36,102 earned during the first quarter of 2000.
Meanwhile, the average smaller dealer, those with under $5 million in annual revenue, lost $30,073 during the first quarter of this year, compared with a loss of $30,561 reported during the first three months of 2000.
Revenue from the sales of new RV units declined 7.5% at larger dealers during the first quarter of this year to an average of $1,622,590, the Spader firm reports.
At smaller dealerships, new RV unit sales revenue increased 0.2% to an average of $402,368 during the first three months of this year.
Used RV sales revenue at larger dealerships declined 10.4% during the first quarter to an average of $578,462, while used unit sales revenue declined 0.8% at smaller dealerships to an average of $120,304 during the three months ended March 31, the Spader firm reported.