Only the largest RV dealers, those with more than $10 million in annual sales revenue, were profitable after the first two months of this year, according to consulting firm Spader Business Management.
But the big dealers also reported their net earnings were down 54% in the first two months of this year to an average of $18,283, compared with $39,585 earned in the first two months of 2002, Spader reports.
Meanwhile, midsize dealers, those with $5 million to $10 million in annual sales, reported slightly larger net losses in the January-February period.
Small dealers, those with less than $5 million in annual sales, reported net losses in the first two months of this year that were twice as large as those for the same period a year earlier.
The average midsize dealer reported a net loss of $31,194 during the two-month period ended Feb. 28, compared with net losses averaging $25,429 a year earlier.
In the case of small dealers, their net losses averaged $40,354 in the first two months of this year, compared with $20,373 in net losses a year earlier.
The average dealership with more than $10 million in annual sales reported new RV unit sales revenue that was down 16.5% in the first two months of this year to $1,504,380, compared with $1,801,361 a year earlier.
The average midsize dealership reported a 6% decline in new RV unit sales in the two months ended Feb. 28 to $518,836, compared with $553,301 a year earlier.
And the average dealership with less than $5 million in annual sales reported a 12% decline in new RV unit sales revenue to $211,043, compared with $239,185 during the first two months of 2002.