A Notably Brighter Outlook
July 18, 2023
U.S. consumer confidence climbed to a 17-month high in June as optimism about the job market and the outlook for family financial health improved.
U.S. consumer confidence climbed to a 17-month high in June as optimism about the job market and the outlook for family financial health improved.
If you’re looking for new strategies to succeed and invest in your own training and development, be sure to attend MRAA’s Dealer Week conference and expo this December in Tampa, FL.
The pressure dealers and manufacturers are feeling could be significantly reduced if there was a better understanding of and responsiveness to the cyclical nature of our industry. Dealers must balance the right product offerings and the right amount of product with the demands of the marketplace, while manufacturers seek efficient, consistent production output.
To wrap up 2022, marine retailers reported lower demand, expressed more negative sentiment and voiced concerns about rising inventory. Boat prices and the economy remained top of mind for dealers in December.
Continuing the trend from the previous month, new-boat registrations for the main powerboat segments in October were down 23% from the previous year, at 5,577, compared with 7,246.
As the calendar year closes and the 2023 model year launches into boat-show season, dealers across North America continue to report a significant slowdown in retail activity.
Boat registration totals for July mostly revealed considerable weakness compared with a year earlier, and tumbled back into a steeper downtrend than the prior month’s comparisons.
Activity in mergers and acquisitions continued to be strong across the marine industry during the past six to nine months, with sizable deals announced in segments that include brokerage, technology integration, and parts and accessories.
At this year’s Dealer Week — the signature annual event of the Marine Retailers Association of the Americas — leading dealers, suppliers and experts will gather to share insights on how to create a foundation for sustained future success.
More U.S. boat dealers were disappointed than were impressed with business conditions in the first half of 2022, according to the monthly Pulse Report survey that measures retail boat trends.
U.S. consumer confidence climbed to a 17-month high in June as optimism about the job market and the outlook for family financial health improved.
If you’re looking for new strategies to succeed and invest in your own training and development, be sure to attend MRAA’s Dealer Week conference and expo this December in Tampa, FL.
The pressure dealers and manufacturers are feeling could be significantly reduced if there was a better understanding of and responsiveness to the cyclical nature of our industry. Dealers must balance the right product offerings and the right amount of product with the demands of the marketplace, while manufacturers seek efficient, consistent production output.
To wrap up 2022, marine retailers reported lower demand, expressed more negative sentiment and voiced concerns about rising inventory. Boat prices and the economy remained top of mind for dealers in December.
Continuing the trend from the previous month, new-boat registrations for the main powerboat segments in October were down 23% from the previous year, at 5,577, compared with 7,246.
As the calendar year closes and the 2023 model year launches into boat-show season, dealers across North America continue to report a significant slowdown in retail activity.
Boat registration totals for July mostly revealed considerable weakness compared with a year earlier, and tumbled back into a steeper downtrend than the prior month’s comparisons.
Activity in mergers and acquisitions continued to be strong across the marine industry during the past six to nine months, with sizable deals announced in segments that include brokerage, technology integration, and parts and accessories.
At this year’s Dealer Week — the signature annual event of the Marine Retailers Association of the Americas — leading dealers, suppliers and experts will gather to share insights on how to create a foundation for sustained future success.
More U.S. boat dealers were disappointed than were impressed with business conditions in the first half of 2022, according to the monthly Pulse Report survey that measures retail boat trends.
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