In theory I understand but not true in terms of way we sell consignments.
1) The consumer has to agree to the sell price, we cannot make only suggest what it's worth.
2) We will take trades against consignment boats to help cash seller out of his boat and then we own the trade. This means we are participating and once we take the trade we have financial exposure. 75% of all boats we have sold have had a trade.
3) No one has to accept the offer or sell there boat.
4) We will pick boat up, detail it and not charge customer until the boat sells or 6 months which ever comes first. If it's here for 6 months, most likely not priced where it needs to be.
5) We market it in magazines and websites that we have monthly financial commitments to and do not charge customers, it's part of the comm to sell the boat.
6) We have a staff and facility where every boat we have is indoors and always clean which is the best way to sell a boat. Does not matter what weather or temp is, a consumer can come look at boat with there wife, family, or other without getting dirty or stepping into boat getting feet wet, rained on or other.
7) This all comes at an expense and services should have value when handled properly.
Hope this helps clarify.
You're right but they have not made it accessible to us either and yes, there are alot of people out there outside marine that created this problem.
As a successful businessman for 20 years I have watched our construction business go from well over 1 mill per month in sales to zero in the past several years.We first started laying off employee's in August of 2008 to adjust.
With that being said we have also sold race cars,exotic cars, boats and real-estate throwing the cash back into our business that went fro 30% to 3 % profit in 4 years.This is real and we can hold on to false reality and sink or adjust to the real world as painful as it may seem.
We have one home alone we paid over 1.2mill in 05 sold a few months back at 536k after listed for two+ years.We also sold our Cigarette for 1/2 of what we had in her, thankfully we owned the boat.That took two years as well ,the true rich that I no and I'm not one of them, buy new boats and are a small percentage of enthusiasts in my opinion.This is real and we can hold on to a false reality and continue to sink or adjust to the real world as painful as it may be.
I feel bad that most go fast boat owners are up side down,but I don't feel that Scott is exploiting that in any way.He is telling the truth in my opinion ,its not about the listing its about the sale and in this market you must be ultra aggressive in your pricing.
Great article Scott!
Last edited by TexomaPowerboater; 03-25-2011 at 09:42 AM.
Back on topic..
I was a passenger for years and then jumped in to buying. I bought 2 used boats over 2 years and then the 3rd year ordered new.
Funny story but for me, it is less expensive being a boat owner than it was being a passenger!!! Granted I have a CC and not a big boy toy like I was riding on but still.
I could have had a lot of boats for what I paid for my ordered by me CC, but it was exactly what I wanted built exactly the way I wanted it, lot of value in that to me. I don't wrench either so new is a good option in my case as well.
I also knew going in I would take it in the pocket whenever I moved on and I also knew I had to keep this boat for 5-6 years for my pockets to be able to absorb the loss. Again, fine with that and knew that going in.
The $130K I paid for my 2007 boat? 150ish hours, out of warranty, has a new GPS (that is a joke since electronics depreciate more than boats do)? I'm guessing retail would be in the $50K's some where.
I'm not a big baller and $20K a year hit is a $20K a year hit no matter how you dice it, but I was, and still am, ok with that.
Next boat- new or used? Depends on if any one has a Nortech 340 CC with Smith Power R4's used for sale by then.
Sounds like maybe you had a bad experience selling or buying a boat in the past and for that I apologize but until you own a boat dealership where you affect the lives of your employees and the risk we take stocking millions of dollars worth of boats or the investments we make in the industry will you ever know or understand what it's really like.
If you have a boat and want to sell it, you can always sell on your own. It's a choice which I/we all respect and we are only here for a suggestion. It's more than just numbers which is why we make a huge investment in this industry through poker run support, web support, sales and service support as well as payroll of employees to support their families and a 50,000 square foot indoor facility to help consumers sell and find their new boats. We are open during business hours not when convenient hours. Sorry you don't see the value in a dealer or what they can do for you and BTW your assumptions are totally in-correct but your opinion is respected.
Being a boat dealer is not easy let alone retail which is why banks closed down more than 1,000 boat dealers in past 18 months in US alone. This is NOT good for our industry, the sport we love or consumers.
This has been a very interesting thread which I have very much enjoyed reading.
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