Brunswick CEO sees fewer boat sales this year

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Sales of recreational boats in the U.S. could decline by more than 20 percent this year, Brunswick CEO Dustan McCoy said Tuesday at a Raymond James Institutional Investor Conference in Florida.

McCoy said powerboat sales volume may fall below 150,000 units from 196,000 boats in 2008, Dow Jones newspapers reports.

"We're choking off the new boats going into the pipeline, so the dealers can get rid of the old product," McCoy said. "When the economy comes back, both the dealer network and we will be a lot more healthy."

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