Lazydays RV SuperCenter, Seffner, Fla., reported in its SEC filing a 6% drop in revenues during the second quarter, due to declines in new and used unit sales.
The privately held retailer is the largest single location dealer in the U.S. and provides a barometer for the overall industry’s performance at the retail level. The company is regularly tracked by the investment community.
Lazydays said Class C sales were the only category to show an increase in sales over the year prior, up 11%. But that gain was offset by declines in Class A diesel (-10%), Class A gas (-19%) and towable (-15%) revenues.
In a note to investors, Robert W. Baird & Co., Milwaukee, Wisc., said that “the growth in new Class C units highlights the segment’s popularity relative to Class A units.”
New travel trailer sales also declined 3% following three quarters of robust growth.
Lazydays said revenue from used units declined 10% to $61 million with an 11% decline in motorhome units and 25% decline in towable units.
Used Class A diesel motorhome sales declined 6% after several quarters of steady growth. Baird noted, “it is not clear if this is due to lack of adequate supply or lack of interest in the product segment.”