As the U.S. dollar has continued to strengthen, Canada’s dollar has been subject to dramatic fluctuations. That has created hesitancy among Canadian consumers and is a problem for dealers, who have been forced to hedge to attempt to offset the spikes and dips.
The United States is continuing to see an increase in boatbuilders from abroad who want to bring their brands here, and although it’s not a new phenomenon it is one that continues to gain traction in light of the strong dollar and relatively robust North American boating market.
“I think I may have a statistic here.” That’s something you might hear when you talk to Jack Ellis, founder and managing director of Miami-based Info-Link Technologies, a company that tracks marine industry sales trends and boat registrations. His passion for numbers and data seems trumped only by his love of boating and his family.
Californians are reveling in the effects of El Niño, which has brought rain to the parched, drought-stricken state, but no group is happier than boat dealers, who have faced hardship after hardship since the housing bubble burst in 2008.