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

Coast reports 1Q results

Coast Distribution System today reported a 41.2 percent drop in net sales and a slightly higher net loss for the first quarter ending March 31. Net sales for the recent quarter totaled $23.2 million, compared to $39.5 million for the same period in 2008. Net loss for the 2009 first quarter was $888,000, or 20…more

Dealers and Distributors

Our weekly roundup of dealers and distributors includes news from Knoxville Watersports, Win-Tron Electronics, Genmar Yacht Group and Gulf Coast Hatteras. Knoxville Watersports is partnering with Skiers Choice, the manufacturer of Supra and Moomba boats, to host “the biggest boating extravaganza of the year” this weekend. Beginning today and running through Sunday, the dealership will…more

Dealers and Distributors

Our weekly roundup of dealers and distributors includes news from Trim Master Marine, Win-Tron Electronics and Lakeside Marine. Trim Master Marine brought on SouthCo Marine to help reintroduce its product line to the North American market. Specializing in marine hardware and accessories for bow-to-stern solutions, SouthCo will handle sales and distribution for Trim Master in…more

Dealers and Distributors

Our weekly roundup of dealers and distributors includes news from RCI Technologies and Schuman Nautic Air. RCI Technologies of San Dimas, Calif., appointed seven new international distributors for its line of diesel fuel purification products. The new distributors and the regions they serve include Juan Carlos Toledo of Equipetrol SA, Colombia; Jorge Salas of General…more

West Marine reports 1Q results

West Marine today reported a 10.9 percent drop in net revenues for the first quarter, but operating results improved by $11 million compared to last year, reflecting the company’s best first-quarter pretax results since 2005. “We are pleased to report these considerably improved operating results, despite a sales decline which reflects market and industry conditions,”…more


Harnessing wind power to cut costs

Ohio dealer Happy Days Boating installed a wind turbine to offset its high electricity bills Businesses are doing whatever they can these days to cut costs and save money. Often it’s as simple as turning down the air conditioner or turning off the lights when no one’s around to shave a few dollars off the…more


Is a marine credit union a viable option?

Retail and wholesale financing is one of the most pressing issues affecting the boating industry, with banks tightening lending criteria and floorplan lenders either leaving the business or raising rates. And while most agree there are no quick fixes to the problem, there is a small group working to create a marine industry federal credit…more

Marine repo center opens in Wisconsin

Skipper Bud’s opened a Midwest Marine Repo Center at its Oshkosh, Wis., location to sell boats it purchased from a bankruptcy proceeding, as well as a selection of consignment boats from area banks. “We are experiencing tremendous sales in Oshkosh in comparison to a year ago,” says Mike Pretasky Jr., Skipper Bud’s president, in a…more

Magazine helping dealers clear inventory

Boating World magazine will feature an Inventory Blowout special section in the July/August issue to help boatbuilders and dealers clear out 2008 and 2009 inventory. “Our goal is to connect buyers looking for great prices with the dealers who are offering special deals and incentives on their existing inventory,” said Duncan McIntosh, publisher of Boating…more

West Marine will release 1Q results next week

West Marine will hold a webcast and conference call at 11:30 a.m. EST April 30 to discuss first-quarter 2009 financial results. Results will be released prior to the call and webcast. The live call will be webcast and available in real time at www.westmarine.com on the Investor Relations page. The earnings release will also be…more

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