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RV dealers of all sizes were profitable during the first four months of this year, but only the midsize dealers reported an increase in earnings when compared with the first four months of 2002, according to consultant Spader Business Management.
The average midsize dealer, which Spader defines as having $5 million to $10 million in annual sales revenue, reports its net income increased 18.5% year-to-date through April 30 to $63,991, compared with $54,012 earned during the same portion of 2002.
Meanwhile, the largest dealers, which Spader defines as having more than $10 million in annual sales, reports their net earnings, on average, declined 5.9% during the first four months of this year to $246,702, compared with $262,307 earned in the first for months of last year.
Small dealers, those with less than $5 million in annual sales, also reported lower profits, according to Spader. The average smaller dealer’s profits declined 85.2% during the first four months of this year to $1,083, compared with $7,315 earned during the same portion of 2002.