The transaction, which is slated to close in the fourth quarter of 2023, will establish a platform for a nationwide rollout of consignment exclusive locations and best practices integration into Camping World’s existing dealership locations with consignment sales.
The standalone consignment location is led by Marty Holman, a 25-year veteran of the RV industry, who will spearhead the company’s plan to ramp up efforts around consignment sales.
The company believes consignment units are an enhancement to its existing multi-year goal to reach $3 billion of used RV sales annually.
Camping World’s CEO, Marcus Lemonis, commented on the acquisition, stating that the RV Arizona team has built an industry-leading process around RV consignments.
He believes that leveraging these skills will supercharge their existing consignment business, improve returns on their used RV inventory, and further grow their used RV business towards the previously stated $3 billion annual goal.
This acquisition is a strategic move by Camping World to enhance their existing business and reach their ambitious goal of $3 billion in annual used RV sales.
This acquisition will not only expand their footprint but also bring in industry-leading processes around RV consignments, which will be a significant boost to their consignment business.
Camping World is a leading retailer for all RV and camping needs. They offer a wide range of products and services, including RV sales, outdoor gear, RV maintenance and repair, and more. With over 185 locations, they ensure that no matter where your adventures take you, you’re never far from a Camping World store.
The acquisition of RV Arizona Consignment Specialists is expected to have a significant impact on the RV industry. It will not only enhance Camping World’s existing business model but also introduce industry-leading processes around RV consignments. This move is expected to supercharge their existing consignment business and improve returns on their used RV inventory.