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Dealers with more than $10 million in annual sales saw their net earnings decline by 6.3% for the first eight months of this year compared with the same portion of 2003, according to consulting firm Spader Business Management.
Dealers with $5 million to $10 million in annual revenue, and those with less than $5 million saw their net incomes increase during the same period.
On average, dealers with more than $10 million in annual sales posted net income of $898,285 during the first eight months of this year, compared with $959,062 a year earlier.
Dealers with $5 million to $10 million in annual sales, on average, saw their net earnings increase 6% during the first eight months of the year to $409,712, compared with $386,383 in the first eight months of 2003.
Dealers with less than $5 million in annual sales reported net income, on average, of $216,695 during the first eight months of this year, representing a 12.4% increase over the $192,725 posted last year.
Slightly lower new-RV-unit sales revenue may explain the net income decline at dealers with more than $10 million in sales. That category of dealers reported, on average, new-RV-unit sales revenue of $9,048,059 during the first eight months of this year, a 1% decline when compared with $9,137,267 in new-RV-unit sales a year earlier.
Dealers with $5 million to $10 million in annual revenue increased new-RV-unit sales by 6.8% during the first eight months of this year to an average of $4,150,096, compared with $3,885,716 a year earlier.
Dealers with less than $5 million in annual sales saw their new-RV-unit sales increase an average of 13.8% during the first eight months of this year to $2,083,241, compared with $1,830,027 a year earlier, Spader reported.