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

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

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

Jul 25, 2014: Whirlpool Refrigerator is First Commercial Application of Polyurethane Insulation Using HFO Blowing Agent

Jul 24, 2014: Remodeling Spending to Be Slower, But Still Strong, in Early 2015

Jul 23, 2014: Whirlpool North America Reports Record Operating Profits

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows