In Miami, Brunswick maps path to its future

[EB News Bot]

The worst is over for the recreational marine industry and Brunswick Corp. That was the message delivered to a group of financial analysts during a meeting held today in Miami and broadcast over the Internet prior to the opening of the Miami International Boat Show.

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[old johnson]

I think the last paragraph has the key word for a return of the boating industry (floor plan)in the past I have sold boats our main sale and line was pontoon boats high end if such exists. When I moved to a big dealer we had a large inventory ie. colors,choice of power,acessaries this allowed us as sales people to sit you in want you wanted to close the sale. Our supplier allowed us 3 months no floor plan and thus we had at any given time upwards of 70 boats hitting that complusive buyer. I understand from friends in the business that inventory had to be pulled because with the down turn in the industry the floor plan could not be carried so you lost that impulse buyer market. Another big problem now is the used market it leaves the market flooded with desperate sales and forclosed or repo sales. I have many friends in the boating industry that have got to make it this year or they too become a fatility of the economy. Rick

 

[dave]

it may be bad for the new market and hard on the salesmen but a person with limited finances can get a better boat cheaper now that there are so many in the marketplace. that being said be carefull if you go to buy a boat through a private sale, my wife's cousin traded his four-wheeler and five grand to a guy for his truck and the bank came and took it out of his yard. he didn't get any money or his bike back because they can't find the guy. always do a records search on anything you buy private sale, you are protected if you buy it at an auction or from a dealer.