Spader dealers see net profits rise 54.6% in March
The latest industry composites provided to Powersports Business from Spader Business Management show that Spader dealers saw net profits rise 54.6 percent in March 2012 compared to March 2011. That rise comes after a January-February year-over-year net profit increase of 72.7 percent.
Company sales saw an increase of 16.9 percent in March 2012 compared to March 2011. Unit inventory rose 20.5 percent in March 2012 compared to March 2011.
The points change from March 2011 to the same period in 2012 is as follows, according to dealership financial statements:
- Company gross margin: minus 0.3 points
- Net percent of sales: plus 0.7 points
- Personnel expense ratio: minus 1.0 points
- Variable expense ratio: minus 0.3 points
- Fixed expense ratio: minus 2.0 points
The Spader training and consulting firm tracks North American powersports dealers, both large and small, to compile an average profile, then compares year-over-year trends in a number of different categories.