INVENTORIES

12 Months Ended

Dec. 31, 2023

Vehicle and parts inventories are recorded at the lower of cost or net realizable value, with cost determined by the last-in, first-out (“LIFO”) method. Cost includes purchase costs, reconditioning costs, dealer-installed accessories and freight. For vehicles accepted as trade-ins, the cost is the fair value of such pre-owned vehicles at the time of the trade-in. Other inventory includes parts and accessories, as well as retail travel and leisure specialty merchandise, and is recorded at the lower of cost or net realizable value with cost determined by LIFO method.

Inventories consisted of the following:


	As of December 31,
(In thousands)	2023		2022
New recreational vehicles	$	385,001	$	342,415
Pre-owned recreational vehicles	86,517		50,457
Parts, accessories and other	9,144		6,831
	480,662		399,703
Less: excess of current cost over LIFO	(24,575)		(20,822)
Total	$	456,087	$	378,881