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Weekly 5: NMMA urges Congress to act on E15


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. NMMA sends letter to Congress on E15 The National Marine Manufacturers Association and a coalition of small engine manufacturers and consumer have sent a letter to Congress calling ...

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Yamaha Service Skills Training program builds technician career path


As the marine industry faces a shortage of qualified technicians, businesses across the industry will need to take it upon themselves to help address the issue. One notable example of a company taking action is Yamaha Marine Group. Two years ago, the company initiated a pilot program called Yamaha Skills Service Training. The program calls on individuals with a general ...

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Economic Snapshot: First-time buyers propel existing home sales

Photo credit to Dan Moyle

The share of first-time buyers in existing home sales was at its highest pace in four years in September. Existing home sales Total existing home sales jumped 3.2 percent to a seasonally adjusted annual rate of 5.47 million in September, up from a downwardly revised 5.3 million in August. Sales are now at their highest pace since June and are ...

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New industry report urges modernization in federal fisheries management


A coalition of industry and trade associations on Wednesday released a series of recommendations to improve management of and access to federal fisheries. The report, A Vision for Marine Fisheries Management in the 21st Century: Priorities for a New Administration is designed to offer guidance to the incoming administration and the new Congress that strives to balance improving access to ...

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Boat sales growth slows again in September


While boat sales are still up over the last 12 months, the rate of growth slowed for the third month in a row in September, according to the latest Info-Link Bellwether report. 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 ...

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Economic Snapshot: Another month of employment stagnation

help wanted sign

The unemployment rate has barely moved since August 2015 and the number of job openings dropped after the last business day in August. Employment situation Total nonfarm payroll employment increased by 156,000 in September. The unemployment rate and the number of unemployed persons were little changed, at 5.0 percent and 7.9 million persons, respectively. Both measures have shown little movement, on net, ...

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Q&A with MDCE keynote speaker Josh Linkner


At this year's Marine Dealer Conference & Expo, Josh Linkner of Detroit Venture Partners will be delivering the opening keynote. His talk, "The Gravity-Defying Leader: Innovative Approaches to Hyper-Growth Leadership," will help dealers understand and manage the disruptive factors influencing growth. The 2016 Marine Dealer Conference & Expo will be December 5-8 at the Orange County Convention Center in Orlando. ...

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Economic Snapshot: Private sector employment adds 154,000 jobs


Private sector employment increased by 154,000 jobs from August to September, according to the ADP Employment Report. This is down from 175,000 jobs added in the previous month. This is the fewest number of job additions since April 2016 and the second-fewest in the previous 12-month period. Large businesses contributed most heavily to the job additions this month, adding 64,000 ...

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