Spader dealers see 26.4 percent profit rise in May 2012
The latest industry composites provided to Powersports Business from Spader Business Management show that Spader dealers saw net profits increase 26.4 percent year-to-date in May 2012 compared to the same time period in 2011.
Company sales saw a 17.7 percent YTD dollars increase in May 2012 compared to YTD May 2011. Unit inventory rose by 13.6 percent YTD dollars in May 2012 compared to May 2011.
The YTD points change from May 2011 to May 2012 is as follows:
Company gross margin: minus 0.8 points
Net percent of sales: plus 0.7 points
Personnel expense ratio: 0.0 points
Variable expense ratio: minus 0.6 percent
Fixed expense ratio: minus 1.3 percent
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.