Matt Trulio

The Formula FAS3Tech line is gone, but its performance legacy lives on in many of the company's current offerings, https://speedonthewater.com/in-the-n...sportboat-line.

oconnor marine

What will be the sportboat line? No more stepped hills?

Wildman_grafix

I am surprised they sold that many in the last couple years, it pretty much is unchanged since they came out in 1997.

VetteLT193

I think it is a poor decision from a marketing stand point. Formula sold a LOT of cruisers because of the sport boat line. I know my Dad got sucked into looking at Formula SR1's and ended up with a PC... I know he had a mind set that the heart of that cruiser was really an SR1 and that's why he bought a Formula instead of another brand. GM went through this with Corvette too. They weren't really making money on the car anymore but someone was smart enough to keep it around because 'every Chevy has a piece of the Corvette living inside it'... Guys go into a Chevy dealer drooling over a Corvette... they may leave with a new Silverado because of it

rak rua

Perfect Storm

This news doesn't shock me, but it's still sad for me to hear. My 2nd boat that I owned was an '89 311 SR-1, followed by a '03 353 FasTech. Me and my family and friends enjoyed countless hours on both boats and I'm hoping to make a Formula 400SS my next boat.

At least Formula Boat Company is still in business building quality boats, which says a lot when so many other boat companies went bankrupt years ago... Here's to Formula's continued success building beautiful quality boats!

Apexwarrior

I spoke with Mr Porter last year at the Miami Boat Show about the demise of go fasts. I'm not surprised that they are killing the 353 and suspect the 382 is not far behind. I asked him about a Formula CC. No plans for them either..

Its all about the cruisers and cross overs for them. I understand why they would kill the 353, what I don't understand is allowing that customer base to walk away. I would think that a CC could be a path for the Fastech customer to migrate to another Formula and that it would be fairly easy to build a CC off of the 353. It should do quite well for Formula. Id certainly be interested.

Too bad it's not going to happen.

VoodooRob

Very easy, if the Fastech line was selling and profitable Formula would keep the line. Nostalgia is not a reason to operate in the red, the responsibility of the companies leaders is to make the right decisions for the future. This is a big company and many people depend on the Porter's, honestly I'm surprised it took this long. The mess at GM in Lordstown could have had a different outcome if the decision makers were more pro-active or able to be pro- active, like Formula's family.

badmonkey

Guess I own a collectors item now.....

Sydwayz

iTrader: (1)

It doesn't sound like they are destroying the molds. They are just mothballing them. If you throw enough money at the Porter family, I am sure they will build you one; and they know better than to cut them up and/or store them outside/improperly like other manufacturers have done in the past. If there are no individuals ordering boats from dealers from Formula, and there are no dealers ordering them to keep them in stock and/or on floorplan; then it's the right decision to put the line aside and focus on what is making money. Notice the wording they used: "production". You can still buy just about anything "custom".

Oddly, Cigarette is probably the closest thing to a "production" offshore boat company right now as there are actually dealers ordering them for stock (albeit likely not on a floorplan). If you throw enough money at Skip, I'm sure you could still have a new Gladiator as well.