MRAA: Petition Congress to ease credit marketsPosted on
The Marine Retailers Association of America is urging its members to ask their Congressional representatives for help in loosening the credit markets.
“We believe the next round of assistance to the financial industry will be debated in Congress in the next several weeks,” the MRAA said in an alert to its members. “This plan will likely focus on loan modifications to home mortgages, but the opportunity will be presented to open the availability of all credit.
“It is clear to MRAA that dealers are losing sales due to the credit crunch contributing to the severe downturn in new boat sales. … If you concur that closure of credit has had an adverse impact on boat sales, MRAA asks that you help our industry,” the alert says.