Brunswick establishes Power Products Integrated Services to ensure that parts and systems work well together.
Long term dealer sentiment softened in June, according to a new survey, dropping from 74 in May to 68 last month, with several dealers commenting about the looming trade war, weakening economy and “stock market jitters.”
Brunswick Chairman Mark Schwabero said there were still more opportunities to expand in the parts-and-accessories segment of the industry.
BRP said it is making a long term strategic play in forming its Marine Group with the Alumacraft acquisition, rather than making purchases simply for economic benefit.
The boating industry is taking a multi-front approach to confronting tariffs in the U.S., Europe and Canada that have already impacted the industry.
A wet, cool spring that blanketed much of the United States caused boat sales in some categories, such as pontoons, to lag this April, but other categories — including yachts, aluminum fishing boats and sailboats — showed strong improvement.
Marine retailers overwhelmingly think rising prices of pontoon boats, aluminum fishing boats, trailers and other aluminum products are inevitable in the wake of tariffs that the Trump administration imposed, with only 4 percent of respondents to a recent survey saying they believe prices will remain the same.
Brunswick Corp. will better address changing market preferences and evolving demographics with its Sea Ray brand as it moves to shut down its yacht and sport yacht division and continue to emphasize outboard-powered models under 40 feet.
Yamaha Marine president Ben Speciale is urging the recreational boating and fishing industry to press for passage of the Modern Fish Act.
Retaliatory tariffs by Canada and the European Union are prompting marine dealers abroad to cancel orders of U.S.-built boats — the result of a “self-inflicted wound” the government has imposed on U.S. manufacturers, according to the National Marine Manufacturers Association.
The world reacted this morning after the Trump administration-imposed aluminum and steel tariffs on the country’s closest allies, with Mexico, Canada and the EU all announcing retaliatory tariffs, and China announcing it would slash duties on 1,500 consumer products by 60 percent.
Polaris has been looking to grow into the marine space for four or five years, but will not be actively looking to acquire marine entities in addition to Indiana-based Boat Holdings, which it said on Wednesday it has struck a deal to purchase.
Yamaha anticipates that demand for its new 425-hp XTO Offshore outboard will help ease the supply shortages it has faced with its 2.8-liter, 4.2-liter V6 and 5.3-liter V8 outboards.
Sales of new yachts and aluminum fishing boats helped bolster overall new boat sales in April, while sales in segments including pontoons reflected a chilly, wet spring across much of the country.
Jeff Napier, the first president of the National Marine Manufacturers Association, died at his home in Italy after suffering from Parkinson’s disease. He was 78.
Volvo Group CEO Martin Lundstedt told President Trump in January that tariffs on aluminum and steel would punish the U.S. manufacturing operations for the company.
Despite three days of testimony on Capitol Hill from more than 100 associations opposing a tariff on imports from China, which marine manufacturers say have already increased price of raw materials, a 25 percent duty has been imposed on more than 1,300 Chinese products.
The Recreational Boating and Fishing Foundation rolled out a new campaign designed to draw more women into the recreation, launching a video and new landing page today.
WASHINGTON D.C. — U.S. Interior secretary Ryan Zinke, Environmental Protection Agency administrator Scott Pruitt, Fox News Sunday’s Chris Wallace, and several members of Congress were among the speaker lineup at the American Boating Congress and Center Focus on Washington last week.
U.S. manufacturing is more robust than it’s been in years, but workforce shortages could hamper future growth.
Changing rules around saltwater fishing in federal waters is the top priority for the boating industry at this year’s American Boating Congress.
The marine industry rolled out its new workforce initiative for on Wednesday, the result of a yearlong collaborative effort between the Marine Retailers Association of the Americas, the National Marine Manufacturers Association, and the Rhode Island Marine Trades Association.
The Center for Sportfishing Policy is gearing up for its annual fly-in to Washington D.C., where the group will advocate for passage of the Modern Fish Act.
The Center for Sportfishing Policy is welcoming six new members as it heads to its annual “Center Focus on Washington,” during which recreational anglers and boaters participate in discussions with key policymakers during a three-day meeting on Capitol Hill.