Lazydays RV Supercenter, Seffner, Fla., reported a 3.5% increase in revenues for the retailer’s second quarter, boosted by a strong pre-owned market which offset a decline in new unit sales.
Revenues increased to $204.8 million during the three-month period, ended June 30, from $197.8 million a year ago. The company said used vehicle sales represented $5.2 million of the $7 million increase, driven by sales of travel trailer returns from Lazydays’ rental program.
The number of total units sold increased by 199 from last year, but sales of new units fell from 970 in 2004 to 916 units. Motorized units, specifically Class A gas and diesel motorhomes, accounted for bulk of the decrease while travel trailers remained relatively flat with a 4-unit decline from 2004.
Lazydays said manufacturers’ incentives helped gross profit for the quarter, which increased to $30.6 million from $27.5 million last year.
For the six months, revenues decreased to $449.9 million compared with $462 million in 2004 due, in part, to “significantly lower volume in motorized units.”
New unit sales dropped from 2,235 last year to 2,023 units. The company said motorized, specifically Class A gas units, drove the overall decrease from 2004. Travel trailer sales increased marginally over last year, while fifth wheel sales were off slightly.