Powerquest Factory
03-04-2009 | 06:08 PM
#891
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Joined: Nov 2000
Posts: 3,949
Likes: 93
From: IL...XLOTO
I personally believe a major price correction will have to occur in the performance boat industry if it is to ever recover to the levels enjoyed from around 96 to 2006. That price correction is starting in the used market, but has not made it to the new boat market. We see tons of complaints about the value of our used boats - thinking things will return to where they were a few years ago. I personally will not hold my breath. I don't think it is going to happen.
Same will be true for the economic recovery, particularly the stock market. People will have to start trusting business leadership again for a full recovery. With all the crap coming to light these days, not sure anyone will be trusting business for awhile. It will take a long time to restore integrity.
Not trying to be doom and gloom. I just think the last 5-6 years of tons of people getting into the performance market may have been the aberation. These times may be more normal going forward than we think.
03-04-2009 | 10:47 PM
#892
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Joined: May 2003
Posts: 147
Likes: 0
From: Ada, MI
Based on a few brief conversations I had with the new owners and management I don't think PQ was interested in being affordable. They basically told be they weren't interested in building anything under 30 feet or any single engine boats. I was expecting at least a 25% increase in pricing. They were throwing around all the BIG name performance manufactures as if that is were they wanted to play.
03-05-2009 | 06:44 AM
#893
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Joined: Aug 2005
Posts: 812
Likes: 1
From: Ray Twp. Michigan
There in might lie the problem, even if the economy starts to recover. AFFORDABLE and PERFORMANCE BOATS is pretty much an oxymoron these days.
I personally believe a major price correction will have to occur in the performance boat industry if it is to ever recover to the levels enjoyed from around 96 to 2006. That price correction is starting in the used market, but has not made it to the new boat market. We see tons of complaints about the value of our used boats - thinking things will return to where they were a few years ago. I personally will not hold my breath. I don't think it is going to happen.
Same will be true for the economic recovery, particularly the stock market. People will have to start trusting business leadership again for a full recovery. With all the crap coming to light these days, not sure anyone will be trusting business for awhile. It will take a long time to restore integrity.
Not trying to be doom and gloom. I just think the last 5-6 years of tons of people getting into the performance market may have been the aberation. These times may be more normal going forward than we think.
I personally believe a major price correction will have to occur in the performance boat industry if it is to ever recover to the levels enjoyed from around 96 to 2006. That price correction is starting in the used market, but has not made it to the new boat market. We see tons of complaints about the value of our used boats - thinking things will return to where they were a few years ago. I personally will not hold my breath. I don't think it is going to happen.
Same will be true for the economic recovery, particularly the stock market. People will have to start trusting business leadership again for a full recovery. With all the crap coming to light these days, not sure anyone will be trusting business for awhile. It will take a long time to restore integrity.
Not trying to be doom and gloom. I just think the last 5-6 years of tons of people getting into the performance market may have been the aberation. These times may be more normal going forward than we think.
06-01-2009 | 01:02 PM
#896
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Joined: Jun 2001
Posts: 69
Likes: 1
Maybe the elves are busy building boats inside, much to our dismay...
When they are done with the latest boat order, they can get the combines and bale the hay that is growing on the lawn.
That is, after they repair the mail box from so much mail hanging out of it that the post breaks off.
When they are done with the latest boat order, they can get the combines and bale the hay that is growing on the lawn.
That is, after they repair the mail box from so much mail hanging out of it that the post breaks off.
06-16-2009 | 12:02 PM
#898
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Joined: Oct 2005
Posts: 43
Likes: 0
From: West Olive, MI
Maybe the elves are busy building boats inside, much to our dismay...
When they are done with the latest boat order, they can get the combines and bale the hay that is growing on the lawn.
That is, after they repair the mail box from so much mail hanging out of it that the post breaks off.
When they are done with the latest boat order, they can get the combines and bale the hay that is growing on the lawn.
That is, after they repair the mail box from so much mail hanging out of it that the post breaks off.
That's funny
07-31-2009 | 08:37 PM
#899
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Joined: Jul 2009
Posts: 5
Likes: 0
Powerquest was foreclosed upon today. The real estate entity, ZP-Michigan Properties, LLC and PQ Holdings appear to have been cross collateralized. The amount of the default posted on doors is somewhere in the neighborhood of 2.8M.
