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The retail market for RVs apparently was strong in April because, even though factory-to-dealer shipments of RVs increased that month by almost 22%, the value of dealer inventories was slightly smaller as of April 30 compared to last year, Spader Business Management reports.
Spader reports the dollar value of new RV unit inventories was 0.5% smaller at the largest dealerships as of April 30, compared with April 30, 2003.
Dealerships with more than $10 million in annual sales revenue reported their new RV unit inventories averaged $4.41 million as of April 30, compared with $4.43 million a year earlier.
At dealerships with $5 million to $10 million in annual sales, new RV unit inventories averaged $2.09 million, a 0.3% decline from the $2,10 million worth of new RV unit inventory they stocked as of April 30, 2003, Spader reported.
At dealerships with less than $5 million in annual sales, the value of new RV unit inventories declined by 4.2% to $1.09 million as of April 30, compared with $1.14 million a year earlier.
In April, total RV shipments increased 21.8% to 38,000 units, compared with 31,200 in April 2003, the Recreation Vehicle Industry Association (RVIA) reported.
After the first four months of this year, RV shipments were up 19.6% to 128,600 units, compared with 107,500 in the same portion of last year, the RVIA reported.