INVENTORIES

9 Months Ended

Sep. 30, 2024

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.

The current replacement costs of LIFO inventories exceeded their recorded values by $24.7 million and $24.6 million as of September 30, 2024 and December 31, 2023, respectively.

Inventories consist of the following:


(In thousands)	September 30, 2024		December 31, 2023
New recreational vehicles	$	285,596	$	385,001
Pre-owned recreational vehicles	40,913		86,517
Parts, accessories and other	8,828		9,144
	335,337		480,662
Less: excess of current cost over LIFO	(24,666)		(24,575)
Total	$	310,671	$	456,087