Question-and-Answer Session
Operator
Thank you. We will now begin the question and answer session. (Operator Instructions) Our first question comes from the line of Rommel Dionisio with Wedbush Morgan Securities. Please go ahead.
Rommel Dionisio – Wedbush Morgan Securities
Good morning. I know you plan has always been to expand your dealer network especially in the South but given the challenging economic situation is that sort of been an issue or are you sort of on plan there in terms of adding additional dealers or has that been slowed down a little bit?
Christopher A. Twomey
You know as a result of the decline in retail sales industry wide, adding new dealers has defiantly slowed not to a halt, but it has defiantly slowed. But, having said that we have certain regions where we’ve seen as high as a 20% increase in dealers so there are certain districts where we’re underrepresented and we’re aggressively pursuing that. But, overall if you look at the big picture in the south you’d say with the industry retail decline in the sough and our mirroring the industry it has been more difficult to set up new dealers.
Rommel Dionisio – Wedbush Morgan Securities
Okay and just a follow up for Tim. Tim I think you mentioned in your prepared comments what the share repurchase in the quarter was. Is it possible to update us on whether you’ve been active since the January 4th increase on authorization?
Timothy C. Delmore
To this point we have not been active in that repurchase.
Operator
Our next question comes from the line of Paul Burton with RBC Capital Markets. Please go ahead.
Paul Burton – RBC Capital Markets
I was just wondering if you guys could give us a little information on ATV and sled inventories where you think on an order of magnitude where they are at the dealer level right now versus last year? And, maybe where you hope for them to be at the end of the year?
Christopher A. Twomey
Sure. Both ATV and snow inventories are down significantly at the end of December this year over last year. Of course that was our plan on snow when we took our production down 30%. So, I think that I would say that snow is right where we expected it to be on the year and we expect that to continue to decline as we go through the remaining three months of this fiscal year and really the remaining three months of the snow season. So, I think we’re going to start our, we’ll have a beginning inventory and ending inventory for the year maybe down as much as 30 to 50% over last year. It’s kind of a big range but you know a lot can happen in the last three months. I think that’s going exactly as we expected. Our ATV inventory at the end of December at the dealer level is down over last year and even with the increased units that we will ship in Q4 we expect by the end of the fiscal year that our dealer inventory will be less than it was last year at the same time.
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