Challenger Powerboats Files for Bankruptcy

B

Blizz

New Member
They (Challenger) also owned Gekko and just finished a new luxury boat that collaberated with Pinifarina on.
 
Chris

Chris

Administrator
Staff member
The article says...

"Boat builder Challenger Powerboats, Inc. and its wholly-owned subsidiaries, IMAR Group, LLC and Marine Holdings, Inc., each filed voluntary petitions for relief under Chapter 7 of the United States Bankruptcy Code on April 25, according to an SEC form 8-K filed earlier this week."

So I would gather any subsidiaries are toast. If they were completely separate, then maybe they're still up and functioning.
 
JUPITER PULSARE

JUPITER PULSARE

Member
It's a shame! So many high performance boat builders have gone by the wayside through the years. It's a tough business to be in when the demographic of the buyer is so narrow focused, money is tight, and gas so expensive. I guess Challanger will join Powerplay, Aerotech, American Offshore, Signature, Jaws, Scorpion, Aronow, Excaliber, etc. etc. :(
 
Chris

Chris

Administrator
Staff member
JUPITER PULSARE said:
It's a shame! So many high performance boat builders have gone by the wayside through the years. It's a tough business to be in when the demographic of the buyer is so narrow focused, money is tight, and gas so expensive. I guess Challanger will join Powerplay, Aerotech, American Offshore, Signature, Jaws, Scorpion, Aronow, Excaliber, etc. etc. :(
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It sucks!

I guess the majority of the market is buying mass-produced hulls and that leaves just a small and seemingly ever shrinking market for the rest of the builders. :(
 
JUPITER PULSARE

JUPITER PULSARE

Member
What makes it even worse is the price of a new sub 21' high performance boat/motor!! Who has $30-$40 grand lying around for a NEW 21' Checkmate Pulsare, 20' Hydrostream Venom, 22' Progression, 21' Xtreme, 20' Allison SS, STV, Mirage, Liberator, etc. etc. etc. That's a big chunk of coin for small boats and......I understand the cost of building these boats after spending quite a bit of time in the industry but it's still hard to swallow. I imagine many of the big guns like Cigarette, Fountain, Outerlimits, Nortech, Active Thunder, Hustler, etc. will be feeling the pinch also!!
 
Chris

Chris

Administrator
Staff member
There is some nice stuff still there.

You should have told Doug to pick up the Chev dually. ;) :D

-Chris
 
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