Hatteras closing!!

[krazy8]

Didnt it take 3 or 4 years after build to sell that 45 GT Model they built

 

[Rich60175]

Hatteras currently has in stock ready to be sold a GT45 and GT65. I also read about the issues with Fish Tank. Makes me second think wanting to build a M75. Just that no one makes as nice of a lay as the M75. Viking is not as nice. It really is a shame, I did hear that they lost several good team members on the build side, one that have been with Hatteras for years. Time will tell. Most VC's want out by the 5 year mark, their at 7 yrs and months currently.

 

[Cricket]

Couple of things. From what I know the VC pretty much got rid of most of the long time people at Hatteras.
I know a few of the principles at the VC group here in Philly.
In the beginning one of them that's a boater, but Hatteras was not his deal/area, suggested getting a few local Hatteras owners together to learn what's what.
Unfortunately they had no interest at all.

Think I posted about this back then, on the sportfish/convertable side Hatteras's problem is Viking. They needed to find a way, at minimum, to match Viking's service and dealer network.
The Healy's live their brand everyday in all ways while the VC people sit in an office tower next to the train station in Philly.

What's really sucks is the current Hatteras GT's are probably a better boat (it's close) than the Vikings, the VC got the product right but is/was unable to sell it.
Somehow they needed to be able to sell them for maybe 20% less which would have put boats on the water for others to see, etc.

 

[Photolomy]

This doesn't help...

https://www.bizjournals.com/triangl...ht-builder-sued-after-covid-delays-order.html


Also, that is less than two years to build a 98 footer?

 

[SKYCHENEY]

You can't blame the guy. If you hear the closure rumors, you've probably scared that you'll end up paying for 3/4 of a boat and get 1/3 of one. Best get out now especially when the contract allows for it.

 

[rourkeh]

Talking with a friend who is a dealer, they dropped Hatteras over a year ago due to lack of sales. The sportfishing boats just did not sell mostly due to serious competition from Viking. Apparently the 72 motoryacht was selling well but the rest of the product line was stale and instead of taking feedback from current owners and making changes to the product the way they used to do it, the designers were running the product development and that landed them were they are now.

 

[jim rosenthal]

I don't know any more than you guys do, but if it's true, it's sad.

Sam's is separate company from Hatteras, although closely affiliated.

Hope it isn't true.

 

[Pascal]

Kind of ironic that they had to close a plant because of communist-19 when most of the workers are wearing protective gear incl masks ....

 

[racclarkson@gmail.com]

Kind of ironic that they had to close a plant because of COVID 19 when most of the workers are wearing protective gear incl masks ....

You mean like when they shutdown elective surgeries?

 

[finatic]

Over the past 4-5 years I've been fortunate enough to attend 2 auctions at the Hatteras facility. Amazing deals! There were reps there from Sam's buying a lot of the stock. Maybe there will be one big final auction?

 

[Triskele]

This is a shame.

I have always thought that the new generation of Panaceas, well made as they are, never added to the Hatteras motor yacht heritage. They are too large and too expensive for a recreational boater. To me they seemed suitable for non boating city dwelling owners who needed crew. The private equity guys that bought the business made boats that they themselves might use. This was probably not a good business plan. The profit per unit in building a big boat might be greater but you have to sell lots of them.

The recreational boater in the 40-70 MY category was ignored.

It is no wonder there is such a vibrant second hand market for Hatteras motor yachts and flybridge cruisers.

Lets hope for a businessman who likes boats to buy it. Riviera Australia was saved by the same. Palm Beach's production lines are full. Build products that people want.

Agree!

 

[mrdeepseafisher]

So what’s everyone’s guess as to how much it would take to buy Hatteras? Who better to keep it going than a bunch of Hatteras owners?

 

[oscarvan]

So what’s everyone’s guess as to how much it would take to buy Hatteras? Who better to keep it going than a bunch of Hatteras owners?

Where do I start....... I watched a bunch of pilots buy an airline once, twice..... three times actually. Poof. Poof. Poof. Loving the product is one thing. Running a business is another. Now there are quite a few yacht owners that ran successful businesses and bought their yachts. I suspect none of them would want to get into this business.

 

[zigzag930]

Any updates on this?

 

[finatic]

All quiet here in New Bern.

 

[Retired1]

All quiet here in New Bern.

What does that mean exactly? Is it closed or not?

 

[finatic]

What does that mean exactly? Is it closed or not?

Pretty self explanatory ......I haven't heard anything!

 

[Pascal]

Saw a press release saying They launched the first 105 RPH in December and are expected to deliver it in February.

 

[tomrealest]

I couldn't afford a new Hatteras. At the Ft Lauderdale boat show the last five or six years I would talk to the designers. I thought they were arrogant know it alls. Not interested in any feedback or suggestions. A friend took delivery of a Motor Yacht last year. Used to buy a new Hatteras every other year in the old days. The new boat was a bad experience and he had his Captain at the plant a good deal of the time. He said he was finished with Hatt. Never again.

 

[finatic]

Good news,,, I think! Hatteras has been purchased by Bass Pro Shops! They are going to move production of their Ranger and Mako boats to New Bern and hire about 500 more employees. Haven't heard anything yet about their plans for the current Hatteras line.