Why the powerboat industry is sinking.
07-27-2006, 10:31 AM
#32
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Re: Why the powerboat industry is sinking.
Regarding what Brad posted. People with money, not just a couple of million, those with HEAVY portfolios, are still spending money. The high end boat companies, ie. OL, MTI, Nortech, Skater, Cig, are as busy as ever. There is more wealth in this country right now than ever before. Sure there are areas where the economy is stalled, but for the most part people are still spending money.
I am sure there are boat companies struggling now. But it is obvious, with the new boats on this board alone, that the heavy hitters are still hitting home runs.
It does make the 2-4 year old boat market very attractive though.
Sam
I am sure there are boat companies struggling now. But it is obvious, with the new boats on this board alone, that the heavy hitters are still hitting home runs.
It does make the 2-4 year old boat market very attractive though.
Sam
07-27-2006, 10:33 AM
#33
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Re: Why the powerboat industry is sinking.
Originally Posted by cuda
Bite your tongue!
They can take my boat when they pry my cold dead fingers off the throttles.
The only reason I like spare cash is to spend it on boats, and all my spare time, I'd rather be farting around with, or driving a boat.
I have always loved boats as long as I can remember. I used to dam up the road gutter when it rained, so I could pull my plastic boat on a string through the lakes I made.
When my obsession with boats goes away, they can go ahead and start shoveling dirt on my face. I don't want a casket when I go, just set me adrift in an old hull.
They can take my boat when they pry my cold dead fingers off the throttles.
The only reason I like spare cash is to spend it on boats, and all my spare time, I'd rather be farting around with, or driving a boat.
I have always loved boats as long as I can remember. I used to dam up the road gutter when it rained, so I could pull my plastic boat on a string through the lakes I made.
When my obsession with boats goes away, they can go ahead and start shoveling dirt on my face. I don't want a casket when I go, just set me adrift in an old hull.
I also pulled a plastic boat on a string.
I am not saying that I will never have a boat again, just that there is a certain undeniable freedom involved in being boatless.
Remember, up here we do all of the same work and more (winterizing etc.) just to use it for 3 or 4 months. Looking forward to calling the storage guy and telling him not to look for me. Already called the insurance agent and dropped the insurances on boat and trailer.
Payments stopped coming out of checking account.
List of things needing fixed is more than cut in half.
Have started saving money and it's only been ten days.
Maybe looking for a little car. No need to drive the truck everywhere.
No need to drive the truck at all.
Figure there will be plenty of room in the garage when I pack up all the boat stuff.
07-27-2006, 10:34 AM
#34
Re: Why the powerboat industry is sinking.
Originally Posted by cuda
Bite your tongue!
They can take my boat when they pry my cold dead fingers off the throttles.
They can take my boat when they pry my cold dead fingers off the throttles.
With gas prices up to $400 a tank, I just spend a little less time on the sticks and more time on the sun pad.
Just being on the water beats anything else I can do with my time.
07-27-2006, 10:35 AM
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Re: Why the powerboat industry is sinking.
Originally Posted by StillHaulin@61
Were any of you folks boating in 1973?
<<<<15% and NO gas>>>>
<<<<15% and NO gas>>>>
BTW... we had one of those round Scotch coolers.
It matched the interior of the boat.
07-27-2006, 10:38 AM
#36
Re: Why the powerboat industry is sinking.
Originally Posted by TRICK
Consistant increases. However, Trick Marine isn't a particularly good case study. We're a young company and people are still discovering us.
Our comp sales have been phenominal but we may start seeing that slow down as the company is now in it's third year. I do suspect gasoline and world events are starting to slow things just a bit. But at the same time, we're in a niche market selling to some of the top end players in power boating. These folks continue to spend.
I'd not be as confident if I were selling to the Bayliner, Chapparal, Stingray segment of thr market.
Our plan for this year is a new larger facility and the addition of some equipment we need. We're not scaling back. I see more opportunity.
Our comp sales have been phenominal but we may start seeing that slow down as the company is now in it's third year. I do suspect gasoline and world events are starting to slow things just a bit. But at the same time, we're in a niche market selling to some of the top end players in power boating. These folks continue to spend.
I'd not be as confident if I were selling to the Bayliner, Chapparal, Stingray segment of thr market.
Our plan for this year is a new larger facility and the addition of some equipment we need. We're not scaling back. I see more opportunity.
Fred, you have great business sense and a great business plan. With that, you will continue to grow and prosper.
I think when the economy tightens up, all it does is weed out the weak, and the strong get stronger.
My company was growing double digits in a bad economy and we have been in business 32 years!
07-27-2006, 10:49 AM
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Re: Why the powerboat industry is sinking.
Originally Posted by fund razor
It was cool while it lasted. Glad that I got to experience it. Not expecting the roar of hp boats when I am an old man. Still expecting the slap of rigging against masts though.
People are finding new hobbies that are not a second job and a huge expense.
Looking forward to my second weekend boatless.
Never knew that I would have free time and spare cash again.
It's actually very nice.
People are finding new hobbies that are not a second job and a huge expense.
Looking forward to my second weekend boatless.
Never knew that I would have free time and spare cash again.
It's actually very nice.
with the boring neighbors in the backyard. Believe me,
I did when my wife was preg. Worst 2 years of my life!
07-27-2006, 10:52 AM
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Re: Why the powerboat industry is sinking.
Spoke to a marina owner this week who just retired. His father and
grandfather was in the same biz since 1910. He said it was difficult
but still substainable during the 73/74 oil embargo. His grandfather
said the same thing happened in the depression. His grandfather
said "people will work 50 weeks a year,just so they can spend 2
weeks on their boat".
grandfather was in the same biz since 1910. He said it was difficult
but still substainable during the 73/74 oil embargo. His grandfather
said the same thing happened in the depression. His grandfather
said "people will work 50 weeks a year,just so they can spend 2
weeks on their boat".
07-27-2006, 11:04 AM
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Re: Why the powerboat industry is sinking.
Originally Posted by epeek
You'll change your mind after 2 summers hanging out
with the boring neighbors in the backyard. Believe me,
I did when my wife was preg. Worst 2 years of my life!
with the boring neighbors in the backyard. Believe me,
I did when my wife was preg. Worst 2 years of my life!
If the EPA still lets people who can afford gas burn gas for recreational use in a few years, that might be a good time to get back in. By then used boats will be almost free.
