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New RV unit inventories at smaller RV dealerships were down almost 10% as of late February, possibly because their new unit sales revenue was up sharply during the first two months of this year, according to consultant firm The Spader Companies.
The average smaller dealership, which the Spader firm defines as having under $5 million in annual sales, had a new RV unit inventory valued at $1,009,725 as of late February, a 9.8% decline from the $1,119,762 reported a year earlier.
However, new RV unit sales revenue soared 22% during the first two months of this year at the average smaller dealership to $239,185.
Total sales at the average smaller dealership was up 13.9% after the first two months of this year to $359,008.
Despite the rapid inventory turnover, the average smaller dealership was in the red after the first two months of this year, although by a smaller amount than was the case during January and February of 2001.
The average smaller dealership posted a deficit of $20,373 for the first two months of this year, compared with a loss of $36,932 for the first two months of 2001, the Spader firm reports.
Mid-sized dealerships, which the Spader firm defines as having from $5 million to $10 million in annual sales, reported very similar financial results.