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Large dealers reported modest increases in sales and earnings in the first five months of this year while midsize and small dealers reported dramatic increases, according to consulting firm Spader Business management.
Large dealers, those with more than $10 million in annual sales revenue, reported their new-RV-unit sales revenue increased an average of 2.5% in the first five months of this year to $5,402,248, compared with $5,272,133 in the first five months of this year.
The large dealers also reported their net earnings increased an average of 3.5% in the first five months of this year to $451,518, compared with $436,106 a year earlier.
Meanwhile, midsize dealers, those with $5 million to $10 million in annual sales, reported their new-RV-unit sales increased 13.2% in the first five months of this year to an average of $2,433,407, compared with $2,149,456 a year earlier.
But midsize dealers also reported their net earnings increased 19.6% in the first five months of this year to an average of $181,880, compared with $152,083 a year earlier.
Small dealers, those with less than $5 million in annual sales, reported their new-RV-unit sales revenue increased 17.3% in the first five months of this year to an average of $1,190,963, compared with $1,015,373 a year earlier.
But small dealers also reported their net earnings soared 69.8% in the first five months of 2003 year to an average of $88,055, compared with $51,870 a year earlier.