I live in small boating town on the lower Connecticut River and it’s hard to go out after work and lift a pint without bumping into someone who makes his or her living in our industry.
If you think you’ve been seeing more outboards on the water and in showrooms these days, your eyes are not deceiving you. Outboards have been gobbling market share for the last seven years.
It came as little surprise that the harsh winter and its significant drag on the economy in the first quarter would also impact boat sales.
The surprisingly strong January employment report last week was a welcome sign of improvement in the overall U.S. economic picture. The timing couldn’t be better, with the Miami International Boat Show and the Yacht & Brokerage Show starting next Thursday, Feb. 16.
The days of the “order taker” are over. No longer can a retailer continue doing business the same way as in the past. Look for opportunities, experiment, try something new and monitor the results.
Three to four times a week someone from the news media calls our association office to ask the same questions: “Are boat sales off because of the economy? Or, Is the price of fuel going to impact boating this summer?”
While thinking about what I was going to say in today’s blog, associate editor Melanie Winters said she talked to someone at the Miami boat show who thought the rebates from the federal stimulus package would help consumers come up with a down payment for a boat. I shrugged at that idea. As I told [...]
Will the Fed’s rate cuts work?
It’s that time of year when many people start thinking about making a New Year’s resolution. Some resolve to work harder, spend more time with family, exercise, eat healthier, or quit smoking.
The state of the economy today reminds me of a frog analogy I heard years ago. If you put a frog in a pot of boiling water it will immediately jump out. But if you put a frog in water that’s room temperature and then slowly heat it up, the frog will just sit there [...]
Many in the industry say 2008 will be a make- or break-year. We agree with that and we speculate that it will be a survival of the fittest story, with the Goliaths gobbling up the Davids.