Small/Mid-size Dealers’ Inventories Grew
Small and midsize dealers were carrying new RV unit inventories that were significantly larger, at least in dollar terms, as of July 31, according to consultant firm Spader Business management.
Meanwhile, large dealers, which Spader defines as having more than $10 million in annual sales, had new RV unit inventories that were only 2.2% bigger as of July 31, when compared with July 31, 2002.
The large dealers’ new RV unit inventories were valued, on average, at $4,029,240 as of July 31, compared with $3,942,037 as of July 31, 2002.
Midsize dealers, those with $5 million to $10 million in annual sales, expanded their inventories at the fastest rate: 18.5%. The average midsize dealer had a new RV unit inventory valued at $1,998,832 as of July 31, compared with $1,686,369 as of July 31, 2002.
Small dealers, those with less than $5 million in annual sales, expanded their new RV unit inventories by 11.4% as of July 31. Their new RV unit inventories were valued at $1,047,815 as of that date, compared with $941,007 as of July 31, 2002.