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There was rapid new RV unit inventory turnover at mid-size RV dealerships during the first two months of this year, according to consultant firm The Spader Companies.
A sharp increase in new RV unit sales most likely was a big reason for the 8.8% decline at new RV unit inventories as of late February at mid-size dealerships, which the Spader firm defines as those with $5 million to $10 million in annual sales.
The average mid-size RV dealer had a new RV unit inventory valued at $1,722,757 as of the end of February, an 8.8% decline from the $1,889,356 reported a year earlier.
Meanwhile, the average mid-size dealership reported a 20.1% increase in new RV unit sales revenue during the first two months of this year to $553,301.
Total sales at the average mid-size dealership increased 13.7% during the first two months of this year to $901,589, the Spader firm reports.
Despite the higher sales volume, the average mid-size RV dealership was in the red after the first two months of this year, although by a smaller amount than was the case a year earlier.
The average mid-size dealership reported a deficit of $25,429 after the first two months of this year, compared with a net loss of $31,640 incurred during the first two months of 2001, the Spader firm reports.