Question-and-Answer Session
Operator
(Operator Instructions) And we’ll take our first question from Ed Aaron at RBC Capital Markets.
Edward Aaron - RBC Capital Markets
Thanks. Good morning, guys.
Bill McGill
Good morning, Ed.
Mike McLamb
Good morning, Ed.
Edward Aaron - RBC Capital Markets
A couple of questions for you. First, you had made a comment about market share and your comps were down 20% in the quarter. That seems to be a little bit worse than what the industry data is showing for the first calendar quarter of the year. How should we think about it as it relates to your market share? And do you have any data that shows just relative to your exposure in your specific markets, how you performed versus the industry in the quarter?
Mike McLamb
I think – Ed, I think some of the industry data out there is, as I just said, it’s industry wide data. If you look at the geographic areas where MarineMax does business, Florida and the different markets that we are in, the data that – we do get flash data as the quarter and the month closes, and the data shows that our market share in the quarter has held up fine. And it also shows that within the markets that we operate that the unit decline is actually greater than our same-store sale dollar decline.
Edward Aaron - RBC Capital Markets
Okay. The inventory target for the end of the year, I know what you are doing with your orders, but – if demand is, just call it, 20% lower this year versus last year, would you infer from that, that inventories need to be down year-over-year by about that same order of magnitude in order to have supply and demand essentially more balanced?
Mike McLamb
If demand is down 20%, I think it would be ideal to have inventories down around that same level or greater. And I think that’s inside the realm of reason.
Edward Aaron - RBC Capital Markets
Okay. And then lastly just a couple of questions on the gross margin. It held up pretty nicely in the quarter all things considered. Did you see any – I am assuming there are some dealers out there that are under a little bit of financial stress, you might say, in this environment. Just wondering if you saw any impact of that from dealers that might be needing to move some inventory if they are going out of business or just desperate to move products and what you saw in your markets as far as that’s concerned and how you are able to hold the line on price?
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