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

GE issues its first asset-backed security

Industry leaders are hoping liquidity will return to marine floorplan lending with GE Capital issuing the first dealer floorplan asset-backed security under the Term Asset-Backed Securities Lending Facility, or TALF. “This is the first real sign that liquidity is coming back to the floorplan space in the secondary markets,” says Matthew Dunn, legislative director for…more

Boating World launches new Web site, begins fall testing

Boating World Magazine recently launched a new Web site, offering such features as a virtual docking game, moderated forums, and video channels. The new games area of BoatingWorldOnline.com lets visitors try their hand at boating games and traditional puzzles like word searches and crosswords. Boaters can connect on the forums, moderated by executive editor Alan…more

Dealers and Distributors

Our weekly roundup of dealers and distributors includes news from Eastern Yacht Sales, Brunswick Marine Parts & Accessories, Smoker Craft, AB Inflatables and MarineMax. Eastern Yacht Sales, new boat dealers for Catalina Yachts, Eastern Boats, Jeanneau Yachts, Mainship Power Boats, Jefferson Yachts, Island Packet Yachts and Bavaria Yachts, opened a branch at Kingman Yacht Center…more

West Marine to open new store in Seattle

West Marine will hold a grand opening celebration Sept. 26-27 for its premier store in the Pacific Northwest, located in downtown Seattle. The celebration will feature contests, prize giveaways and informative clinics by industry veterans. Volunteers from the Disabled Americans Veterans’ local Seattle chapter will be on hand with refreshments while supplies last. The new…more

Dealers and Distributors

Our weekly roundup of dealers and distributors includes news from the National Marine Distributors Association, Nordic Northwest Yachts, Laborde Products and Win-Tron Electronics. Most marine distributors say they expect accessory sales for 2010 to be up compared to 2009, according to a recent survey by the National Marine Distributors Association. Though 76 percent reported sales…more

Dealers and Distributors

Our weekly roundup of dealers and distributors includes news from MarineMax Jacksonville, Boatswain’s Locker and All Seasons Marine Works. MarineMax Jacksonville completed a 10,000-square-foot expansion in addition to totally renovating its sales department. The dealership will officially open the doors of its new facility Sept-18-19 at a Grand Expansion Open House, at which time it…more

Dealers and Distributors

Our weekly roundup of dealers and distributors includes news from OceanLED, Nautic Global Group, and Chaparral and Robalo Boats. OceanLED appointed Brunswick Marine Parts and Accessories (Land ‘N’ Sea Distributing, Kellogg Marine and Diversified Marine) to take on national distribution of its range of LED underwater and above-water lighting. “I am very impressed by the…more

Gander Mountain to report 2Q results

Gander Mountain Co. will announce the company’s second quarter results Tuesday before the market opens. A pre-recorded call offering additional comments on the quarter will be available to all investors on the company’s Web site, both as a Webcast and in the form of transcript. An archived webcast and transcript will remain available on the…more


Dealer shutdown leads to new venture

Former VP of West Coast giant starts his own dealership; other ex-employees find jobs in yacht sales For every challenge, there is an opportunity. Barrett Canfield found that out in late June when Nautical Enterprises suddenly closed its doors. The loss of the West Coast’s largest dealership surprised many in the industry and left Canfield…more

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