Camping World Holdings, Inc. plans to acquire RV Arizona Consignment Specialists in El Mirage, AZ, with a close date in Q4 2023.
Marty Holman, a 25-year-plus RV industry veteran, leads the standalone consignment location. Holman will spearhead the company plans to ramp up efforts around consignment sales, believing consignment units would enhance its multi-year goal to reach $3 billion of used RV sales annually. Over 36 months ending June 30, 2023, the company has more than doubled its used RV sales to just under $2 billion on a trailing 12-months basis.
Marcus Lemonis, chairman and CEO of Camping World, commented, “Marty Holman and the RV Arizona team have built an industry-leading process around RV consignments; we expect to leverage these skills to supercharge our existing consignment business, improve returns on our used RV inventory, and further grow our used RV business towards the previously stated $3 billion annual goal.” Lemonis continued, “Growing our used RV business is one of our top revenue objectives, and any time we can increase inventory turns while reducing working capital, we believe it is a win-win for our shareholders.”
