New-RV-unit inventories at large dealerships, defined as those with more than $10 million in annual sales, expanded at a faster rate as of July 31 than smaller dealerships, according to consulting firm Spader Business Management.
At the large dealerships, new-RV-unit inventories were, on average, valued at $4,382,113 as of July 31, representing an 8.8% increase compared with the $4,029,240 in new-unit inventory last year.
Midsize dealers, those with annual sales of $5 million to $10 million, grew their new-RV-unit inventories by a more modest 1.3% to $2,025,044, compared with $1,998,832 in 2003.
Small dealerships, those with less than $5 million in annual revenue, expanded their new-RV-unit inventories by an average of only 0.5% compared with $1,047,814 as of July 31, 2003.
But in the case of the large dealers, their new-RV-unit inventories grew by a faster rate than their new-RV-unit sales revenue, Spader reported.
New-RV-unit sales revenue at the larger dealerships increased by an average of only 1.7% during the first seven months of this year to $8,049,313, compared with 2003.
Midsize-dealer new-RV-unit sales grew by an average of 3.3% during the first seven months to $3,543,587 compared with $3,430,239 in the same period a year earlier.
Small dealerships, on average, expanded their new-RV-unit sales revenue by the relatively robust rate of 12.8% through July to $1,805,895.