Interesting. Some upcoming boat shows in the area are starting to cancel. The reasons given:
1. A financial crisis
2. Poor expected sales
3. Material and labor shortages
4. Financial institutions are freezing loans for boats
5. Not worth the time and trouble for dealers in the current economy.
It was noted there are thousands of boats on lots from the mid Atlantic to Florida that aren't sold. New boats are primarily being sold as pre-orders. The used boat market expects to remain strong.
Maybe they should blame pricing ? I just saw a reveal the other day of a new tritoon going for $360k.
1. A financial crisis
2. Poor expected sales
3. Material and labor shortages
4. Financial institutions are freezing loans for boats
5. Not worth the time and trouble for dealers in the current economy.
It was noted there are thousands of boats on lots from the mid Atlantic to Florida that aren't sold. New boats are primarily being sold as pre-orders. The used boat market expects to remain strong.
Maybe they should blame pricing ? I just saw a reveal the other day of a new tritoon going for $360k.
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