http://www.boattest.com/view-news/56...mpany-for-sale
I never would've seen this coming. Sea Ray being sold. Probably to Chinese LOL
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http://www.boattest.com/view-news/56...mpany-for-sale
I never would've seen this coming. Sea Ray being sold. Probably to Chinese LOL
ouch. Thats going to suck here.
Wait and see what happens.
So wait,... Brunswick paid $75 million more for Bayliner than they did for Sea Ray? :confused:
Price will go up.
tremendous hit.
You can bet your bottom dollar its loosing big money. Not only did Brunswick purchase sea Ray but a lot of bass boat
companies. To exclusive hang those merks on but i think Yamaha is eating their lunch especially in the salt water market.
I wonder if when they purchased sea ray the company was using or building a lot of inboard out boards with the merk cruiser
Not so many now. The bigger boats are using diesel i expect not only boat sells are down but OMC is taking a hit on
profits. I did not look at the stock gut i would bet its slowly sinking along with the boats. Might be a good time to short it...
https://www.marketwatch.com/investing/stock/bc
We have 3 or 4 of their facilities in the area and I'm sure whoever buys it will combine their resources and screw us here locally.
All that R&D they do here and they couldnt figure out how to make a boat at a profit.
It seems that just about all boat builders are having problems. Been going on for quite a few years and
I believe the business in general will shrink much more before it recovers somewhat. IMO there are
several important factors at work here... One is that the cost of new boats and boating in general has
become too expensive for the average family. While purchasing a boat may be within someone's
budget, all the other costs of ownership such as maintenance, dockage, insurance etc start adding up
and get to the point that the folks that would have gotten into boating a couple of decades ago simply
figured that there are other less expensive family activities available. Another major factor is that the
boats built during the 60's through today are almost all fiberglass. Therein lies another problem as they
last much longer than the wood boats of years ago. Lots of DIYers buy old boats and fix them up whereas
years ago a boat 10 or 15 years old probably had so much wood rot that it wasn't worth fixing. Of
course the fact that the average working stiff has not had salary increases sufficient to keep up with rising
prices and discretionary spending is impossible. Most of us Hatteras owners probably would not buy a
new model of our existing boats because of the cost, but the old one's are solid enough to rebuild
into like new (or whatever level) condition for a lot less than new, which is probably why Hatteras
won't build our size boats today.
Walt
The center console market is insane now, though....insane as in way overpriced. Freeman has like an 18month backlog and people sell their slots!
Early 2000's in the Sam's club there was a 19foot bayliner for $9,999 including trailer. That boat is probably 20-30k now???