Features

Weekly 5: Senate passes Sportsmen’s Act provisions

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. Senate passes Sportsmen’s Act provisions as part of Energy Reform Bill Several important goals of the recreational fishing community have been passed as part of this year's energy ...

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Survey: Most marine businesses have no exit strategy

Just less than half of marine industry companies have a succession plan or exit strategy for their business. That’s according to the latest survey of Boating Industry print and digital subscribers, conducted by email in March and April. Respondents were a mix of boat dealers, manufacturers, marina owners and others working in the industry. The full results of the survey ...

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Economic Snapshot: Incremental changes in the housing market

The Housing Market Index is once again unchanged but existing home sales are showing growth in March. And while housing starts fell this month, they are still considerably higher than in 2015. Housing market index Builder confidence remained unchanged for the third consecutive month at 58. The component measuring sales expectations in the next six months and the component charting ...

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Q&A with Bruce Van Wagoner, Wells Fargo CDF

On March 1, Wells Fargo officially acquired GE Capital’s Commercial Distribution Finance platform in the U.S. and Canada. The company expects to close on the rest of the global operations (which includes Europe, Africa, Middle East, Asia and Australia) this year. The deal with Wells Fargo was first announced in October 2015, as part of GE’s plan – outlined in ...

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Info-Link: March boat sales up across all segments

Boat sales continued their upward climb in March, will all segments posting sales gains, 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 roughly half of the US boat market (varies by market segment ...

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Pure Watercraft launches electric Pure Outboard

On Wednesday, Pure Watercraft announced its flagship product Pure Outboard, which is now available for pre-order. Andy Rebele, a boating and rowing enthusiast and an entrepreneur, founded Pure Watercraft. He and his team of engineers spent the past four years researching and developing the Pure Outboard. The engine was built from the ground up without borrowing pieces of a gas-powered ...

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Weekly 5: Powerboat sales up in January

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 Monday on BoatingIndustry.com. 1. NMMA: Powerboat sales up in January Wholesale shipments of traditional powerboats were up 12.6 percent in dollars in January for NMMA’s control group of manufacturers (representing 69 percent ...

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Avala CSI report details average buyer, areas for improvement

Boat buyers in 2015 were much more likely to be white, male, married and well-educated, industry data shows. That's based on the 2016 Boat Owners Satisfaction Report produced by Avala Marketing Group, which collects and tabulates customer satisfaction data on behalf of the Marine Industry CSI Program. In the study, Avala reports on the profile of the average boat buyer ...

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