New round of tariffs add to marine industry concerns.
The Kenai River Women’s Classic and Kenai River Classic have pulled in millions of dollars over the years.
Marine dealers reported growth in new boat sales in August, with 55 percent of those responding to a survey saying sales grew, versus the 20 percent that said sales declined.
MRAA says dealer conference will continue with new name
Marine Retailers Association of the Americas and Boating Industry have agreed to end their partnership that directed the Marine Dealer Conference and Exhibition after a decade of co-producing the event.
The NMMA also called the deal a “positive step forward,” but said the Trump Administration needs to bring Canada “back on board” to preserve NAFTA.
Boat sales in June rose incrementally, with a 1.1 percent increase in the main powerboat segments and a 0.2 percent increase overall, according to data from Statistical Surveys, a Michigan firm that tracks new-boat registrations.
Experts warn it could be the last chance to overturn Section 232 tariffs on common alloy aluminum sheet.
The canceled supply agreement between the two companies had been extended two years.
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.