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RV dealers should be happy campers because, on average, their net earnings were 14% to 18% higher during the first seven months of this year, when compared with the same period a year earlier, according to Spader Business Management.
The biggest increase was experienced by midsize dealers, which Spader defines as having $5 million to $10 million in annual sales. Dealers in that group had net earnings during the first seven months of this year that averaged $335,315, an 18% increase over the $284,092 they earned during the same portion of 2002.
Dealers with more than $10 million in annual sales experienced a 17.3% increase in net earnings to $820,620, compared with $699,423 earned during the first seven months of last year.
The dealers with less than $5 million in annual sales also did pretty well, averaging a 14.2% increase in net earnings to $172,227, compared with $160,832 earned during the first seven months of 2002.
The largest dealers had sharply higher profits despite lower new RV unit sales revenue which, on average, declined 2% to $7,913,712, compared with $8,074,791 a year earlier.
The small dealers, those with less than $5 million in annual sales, reported their new RV unit sales revenue increased 4.4% during the first seven months of this year to $1,600,263, compared with $1,532,650 a year earlier.
Midsize dealers reported their new RV unit sales revenue increased 5.6% to $3,430,239, compared with $3,248,757 a year earlier.