Powerquest Factory
08-08-2009 | 08:25 AM
#921
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Joined: Jun 2001
Posts: 69
Likes: 1
I know 10 years ago PQ was building alot of boats.with that been said,the economy took a turn for the worse,Kevin got out at the perfect time,I dont know that we could blame all this on Jack or Phil,wander how many boats Kevin and the old crew would be building today?I bet less than 10 years ago.
I haven't heard of any builder that is doing well in this market.
How many others have closed in the last couple years?
08-09-2009 | 02:06 PM
#923
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Joined: Jun 2005
Posts: 11,904
Likes: 1,143
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.
08-09-2009 | 07:36 PM
#924
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Joined: Nov 2000
Posts: 3,949
Likes: 93
From: IL...XLOTO
I'm surprised AT is building boats. Pat will make it through all of this because he is a painter first, boat builder second. At least IMO. 2 years before I did the F4 I met with Pat and quoted a 525 37. It was well over 199K, but it was very decked out too.
Last edited by Mentalpause; 08-09-2009 at 07:40 PM.
08-20-2009 | 12:06 AM
#926
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Joined: May 2007
Posts: 295
Likes: 0
From: Boyne/Charlevoix , MI
What do you think will happen to the molds, the product designs and manufacturing assets?
Could this be on oppertunity for the brand to come back? or a final blow?
I wouldn't want to see Reggie get them. Please no PQ with a beak.
Could this be on oppertunity for the brand to come back? or a final blow?
I wouldn't want to see Reggie get them. Please no PQ with a beak.
08-20-2009 | 10:48 AM
#927
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Joined: Aug 2006
Posts: 66
Likes: 0
From: Harrison Twp, MI
I hope to hit the lottery this Friday and buy the company LOL!
08-20-2009 | 08:46 PM
#929
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Joined: Oct 2000
Posts: 328
Likes: 0
From: Spring Lake, MI
If they would have just built and tried to sell boats the way they were, they likely would have had a chance. Instead they wanted to just sell 38' plus and re-tool the boat to make it something it was never meant to be in the first place. PQ's have always been considered a well built family boat. They made the guy happy with some speed and the women happy with a nice cabin. They always filled a certain part of the market
Instead they wanted to make them into a poker run boat.
I personally am glad it happened to the new owners...they deserved it. Its called what goes around comes around. With them behind the controls PQ never had a chance.
To bad for PQ itself though!
Instead they wanted to make them into a poker run boat.
I personally am glad it happened to the new owners...they deserved it. Its called what goes around comes around. With them behind the controls PQ never had a chance.
To bad for PQ itself though!
