Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

HVAC Distributor Sales Best Since Tax Credit Bubble of 2010
Jul 20, 2012
 Printable format
 Email this Article
 Search

U.S. HVACR average distributor sales in May 2012 were up 17.9%, according to the Heating, Airconditioning and Refrigeration Distributors International (HARDI). May 2012 showed the highest month-over-month growth since November 2010, when a looming $1,500 federal tax credit expiration drove sales forward. HARDI's Monthly Targeted and Regional Economic News for Distribution Strategies (TRENDS) Report showed growth in all seven US regions; six in double-digits.

"May was a particularly strong month with even the lowest quartile showing year-over-year growth, which is a rare occurrence," said HARDI economist, Andrew Duguay. "84% of members reported a positive May '12 vs. May '11 suggesting the recovery among distributors is broadening. Business cycle momentum is clearly positive at this point."

Days Sales Outstanding (a measure of how quickly customers pay their bills) finally saw a decline after increases in eight of the last nine months. Distributor productivity reflected by sales per employee made the previous month's 3.5% increase look meager by leaping 26% in May.

"There certainly haven't been many months showing these kinds of growth numbers for quite some time," said HARDI Executive Vice President and COO Talbot Gee. "Strong sales and an early start to the season have started to deplete inventories so I wouldn't be surprised to see aggressive restocking of value products and repair components."

"Distributors' unitary sales continued their strong start to 2012's season up 20% from last May, including another month of growing R-22 unit sales." concluded Gee.

Back to Daily News

 

Daily News

...........................................................

Oct 23, 2014: Whirlpool Corporation to Showcase Resource-Efficient Technologies at Greenbuild

Oct 23, 2014: CWIEME Chicago exhibition had record attendees

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows