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Craigslist data may surprise boat dealers

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On December 1, 2016, Craigslist, the 16th most popular website in the United States, changed how the boating industry listed ads by enacting a $5 charge/ad. Now, dealers have to allocate a budget and determine if there is an ROI for Craigslist. Prior to the market being paid, dealers could list as many ads as they wanted for free. A ...

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Report: Boat sales up in 2016, but growth slows

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Boat sales continued to be up year-over-year in December, but the rate of growth slowed, according to the latest Info-Link Bellwether report. According to Info-Link, the Bellwether report tracks sales of powerboats across the country based on new U.S. boat registrations on a rolling 12-month basis. Bellwether states are geographically dispersed states representing roughly half of the US boat market ...

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Hagadone Marine Group begins construction on mega marine center

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Last month, Hagadone Marine Group began construction on its new mega marine center. The construction includes three new buildings and the creation of over 32,000 square feet of service center space, totaling $4 million in enhancements. Two of the three buildings will be 16,000 square feet and will house fiberglass repair, rigging, detail and the parts department, which HMG is ...

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Aging, recycling hulls a looming crisis

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Millions of boats built during the glory days of the 1970s and 80s are now coming to the end of their life. We can’t just shove them all into landfill. So what happens with all these old hulls? If there’s one thing we’re good at, it’s building boats. According to the National Marine Manufacturer’s Association, there are more than 12 ...

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Economic Snapshot: Small business optimism at its highest level since 2004

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December marked the second consecutive month of record-breaking small business optimism, now at its highest level in over 12 years. NFIB Small Business Optimism Index The National Federation of Independent Business Index of Small Business Optimism reached 105.8 in December, increasing 7.4 percent and rocketing the index to its highest level since 2004. “We haven’t seen numbers like this in ...

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Weekly 5: Chris-Craft plans $10 million plant expansion

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The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every week on BoatingIndustry.com. 1. Chris-Craft plans $10 million plant expansion Chris-Craft is making plans for a $10 million plant expansion and retooling project at its Manatee, Fla., facility, the Bradenton Herald reported. ...

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Skyrocket your boat show ROI

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If you haven’t started working on your boat show strategy, you may want to consider it. I’m not talking selecting inventory and laying out your booth. I’m talking about setting goals and developing a plan to achieve them at the show. There are three main goals of any boat show for successful boat dealers: Sell as many boats as possible ...

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Economic Snapshot: Private sector employment adds 153,000 jobs

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The ADP Employment Report, which tracks private sector employment, shows 153,000 jobs were added in December. Monthly averages of private sector employment are down by 35,000 from 2015. ADP employment Private sector employment increased by 153,000 jobs in December, which is down significantly from the 215,000 jobs added in November. “As we exit 2016, it’s interesting to note that the ...

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Construction for 2017 Miami Boat Show well underway

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Construction for the 2017 Miami International Boat Show began on Dec. 1 and is on its way to building a record-breaking show. MIBS will run from Feb. 16-20, 2017 at the Miami Marine Stadium Park & Basin at Key Biscayne. The show is prepared to host its expected 100,000 or more attendees in mid-February. Many improvements have been made to ...

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Economic Snapshot: Consumer confidence rises to 15-year high

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Consumer confidence is up again this month, now at its highest level in 15 years. Consumer confidence The Consumer Confidence Index posted another gain in December after a considerable increase in November. The index now stands at 113.7, up from 109.4 last month. The Expectations Index jumped from 94.4 to 105.5 but the Present Situation Index decreased from 132.0 to ...

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