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Boat dealers make news when, for example, they add new lines of boats, relocate, get new owners or acquire other dealerships.

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A rapidly shrinking lending landscape

Dealer concern mounts as Textron’s pullout leaves only GE and Bank of America as floorplan players Still coping with the September loss of KeyBank as a retail and commercial marine lender, the industry was dealt another blow in December when Textron Financial Corp. said it is quitting marine floorplan financing. The pullouts leave boat dealers…more

Dealers applaud ‘50-50’ boat show mix

The NMMA eases limit on display of 2008 models in a bid to help clear inventories Industry leaders are hoping a policy change allowing for expanded display of older model-year boats at the winter shows will help dealers clear excess inventory from their showrooms. “The vast majority [of dealers] say, ‘This is really going to…more

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Snow, economy, timing all hurt N.Y. show

Turnout falls more than expected, as the NMMA awaits word on better dates for next year’s exhibition The economy, pre-Christmas dates and a snowstorm combined to hold down the turnout at the 104th New York National Boat Show Dec. 13-21 at the Jacob K. Javits Convention Center. The show took place nearly two weeks earlier…more

Skipper Bud’s acquires dealer’s assets

Marine dealer Skipper Bud’s recently acquired assets from an Eagle River, Wis., dealer following a court-ordered auction that took place Jan. 22. Boats acquired from Heckel’s Marine will be sold on a first-come, first-serve basis. Those interested should contact the company at (800) 636-2628 or repoboats@skipperbuds.com. Skipper Bud’s is a full-service dealer with 20 locations…more

Groups launch trailer certification effort

The NMMA’s Trailer Certification program and the National Association of Trailer Manufacturers are launching an effort enabling boat-trailer makers to achieve NMMA Certification and NATM Compliance Inspections in a single visit by an NATM Inspector. Beginning with 2010 model-year trailers, the joint certification program is aimed at increasing efficiency and cost-effectiveness for trailer manufacturers. “Creating…more

YBAA agenda will zero in on the economy

Yacht brokers from around the country will gather in Baltimore in February in search of the tools they need “to weather the raging economic storm.” The Yacht Brokers Association of America holds its annual conference Feb. 22-24 at the Conference Center of the Maritime Institute in Baltimore. YBAA again is partnering with the American Boat…more

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Leaders tell dealers to manage tightly

Industry ‘giants’ say a new but better world awaits the survivors of this game-changing slump A panel of “industry giants” gathered Nov. 19 at the Marine Dealer Conference & Expo in Las Vegas to discuss the most pressing issues in the boating industry. The more than hour-long conversation drew a standing-room-only crowd, as the panel…more

Paperless loan process requires diligence

A change in procedure has eliminated federal paperwork in the marine loan process, but has increased the likelihood of fraud and identity theft, members of the National Marine Bankers Association were told in November at their annual conference. With new electronic filing regulations and faxing procedures enacted in 2007, the Coast Guard has gone paperless,…more

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Dealers embrace used-boat certification

Taking a page from the playbook of automobile manufacturers, Tiara Yachts launched a certified pre-owned program to capture more of the used-boat market and give the company an edge over its leading competitor — pre-owned models of its own brand. “It ensures repeat customers, and it ensures more consistent values of certified pre-owned Tiaras,” says…more

Dealers and Distributors

Marine distributor AER Supply Ltd. will hold its annual dealer meeting Feb. 26-27 in Seabrook, Texas. The meeting will include seminars, technical training sessions and demonstrations by such manufacturers as 3M, BSCO, Dometic, DRSA, Hubbell, Interlux/Awlgrip, Jabsco, Mastervolt, Maxwell, Nautic Air, Newmar, Reverso, Vetus America, and WillDo B.V. “The product showcase allows us the opportunity…more

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