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#1
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in between medical tests yesterday with a couple of hours to kill, so
I decided to drive over to the Nitro/Tracker dealer in Shrewsbury just to look at boats. Imagine my surprise when I walked into the showroom and saw.... NOT ONE BOAT!!!! Zero, zip, nada - not one. The GM of the place, who I've talked to before, told me that they aren't getting their 2010 inventory until late October, early November. Their other brands, Trophy and Bayliner won't be arriving until at least December. Aluminum Trackers are also on the same schedule. He said, that I have no reason not to believe him, that the manufacturers are being very careful about building inventories for showrooms and at least with his dealership, they are going to have a limited showroom inventory and probably spend a lot of time having boats built to order rather than off the floor. Heard via the grapevine last week (I forgot to mention it), the major floor plan financier for boats is requiring higher interest and down payments on inventory boats - so high that it's almost impossible for smaller dealers to hold much in inventory if any at all. I wonder if we'll get a Cash for Sinkers program for boats? :) Looking around at the used boat sites, it seems like the market is a little slow there also - maybe folks are holding onto their boats a little longer than normal. I've been looking for a used bass boat for a while and I normally can find deals on a regular basis - not so much lately. Interesting. |
#2
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posted to rec.boats
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On Sep 2, 8:08*am, Tom Francis - SWSports
wrote: in between medical tests yesterday with a couple of hours to kill, so I decided to drive over to the Nitro/Tracker dealer in Shrewsbury just to look at boats. Imagine my surprise when I walked into the showroom and saw.... NOT ONE BOAT!!!! Zero, zip, nada - not one. The GM of the place, who I've talked to before, told me that they aren't getting their 2010 inventory until late October, early November. *Their other brands, Trophy and Bayliner won't be arriving until at least December. *Aluminum Trackers are also on the same schedule. He said, that I have no reason not to believe him, that the manufacturers are being very careful about building inventories for showrooms and at least with his dealership, they are going to have a limited showroom inventory and probably spend a lot of time having boats built to order rather than off the floor. Heard via the grapevine last week (I forgot to mention it), the major floor plan financier for boats is requiring higher interest and down payments on inventory boats - so high that it's almost impossible for smaller dealers to hold much in inventory if any at all. I wonder if we'll get a Cash for Sinkers program for boats? *:) Looking around at the used boat sites, it seems like the market is a little slow there also - maybe folks are holding onto their boats a little longer than normal. *I've been looking for a used bass boat for a while and I normally can find deals on a regular basis - not so much lately. Interesting. i actually wanted a used boat and waited until almost the end of the season here in the NE (NJ). I got a great deal on an older boat...seems boats are much cheaper now than they were when i bought my first one 10 years ago. |
#3
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posted to rec.boats
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On Wed, 2 Sep 2009 05:20:41 -0700 (PDT), wf3h
wrote: On Sep 2, 8:08*am, Tom Francis - SWSports wrote: in between medical tests yesterday with a couple of hours to kill, so I decided to drive over to the Nitro/Tracker dealer in Shrewsbury just to look at boats. Imagine my surprise when I walked into the showroom and saw.... NOT ONE BOAT!!!! Zero, zip, nada - not one. The GM of the place, who I've talked to before, told me that they aren't getting their 2010 inventory until late October, early November. *Their other brands, Trophy and Bayliner won't be arriving until at least December. *Aluminum Trackers are also on the same schedule. He said, that I have no reason not to believe him, that the manufacturers are being very careful about building inventories for showrooms and at least with his dealership, they are going to have a limited showroom inventory and probably spend a lot of time having boats built to order rather than off the floor. Heard via the grapevine last week (I forgot to mention it), the major floor plan financier for boats is requiring higher interest and down payments on inventory boats - so high that it's almost impossible for smaller dealers to hold much in inventory if any at all. I wonder if we'll get a Cash for Sinkers program for boats? *:) Looking around at the used boat sites, it seems like the market is a little slow there also - maybe folks are holding onto their boats a little longer than normal. *I've been looking for a used bass boat for a while and I normally can find deals on a regular basis - not so much lately. Interesting. i actually wanted a used boat and waited until almost the end of the season here in the NE (NJ). I got a great deal on an older boat...seems boats are much cheaper now than they were when i bought my first one 10 years ago. It's interesting that a lot of the used inventory in dealerships is almost all consignment with the occasional dealer owned boat taken on trade. And the consignment owners are looking for fairly big money even for lousy boats. I was looking at a 16' Blue Fin (the old Blue Fin aluminum) Sportster last week - guy wanted $3,800 for it with a Force 40 two stroke. I admit, a really clean boat - no doubt about it - kept inside, covered and very nicely maintained - almost like I maintain my boats in fact. Still, $3,800 for a 15 year old boat - high retail on it is only $1500 or so according to NADA. And there are a lot more boats like that out there - high dollar with no reason for it. |
#4
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posted to rec.boats
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On Sep 2, 7:42*am, Tom Francis - SWSports
wrote: On Wed, 2 Sep 2009 05:20:41 -0700 (PDT), wf3h wrote: On Sep 2, 8:08*am, Tom Francis - SWSports wrote: in between medical tests yesterday with a couple of hours to kill, so I decided to drive over to the Nitro/Tracker dealer in Shrewsbury just to look at boats. Imagine my surprise when I walked into the showroom and saw.... NOT ONE BOAT!!!! Zero, zip, nada - not one. The GM of the place, who I've talked to before, told me that they aren't getting their 2010 inventory until late October, early November. *Their other brands, Trophy and Bayliner won't be arriving until at least December. *Aluminum Trackers are also on the same schedule. He said, that I have no reason not to believe him, that the manufacturers are being very careful about building inventories for showrooms and at least with his dealership, they are going to have a limited showroom inventory and probably spend a lot of time having boats built to order rather than off the floor. Heard via the grapevine last week (I forgot to mention it), the major floor plan financier for boats is requiring higher interest and down payments on inventory boats - so high that it's almost impossible for smaller dealers to hold much in inventory if any at all. I wonder if we'll get a Cash for Sinkers program for boats? *:) Looking around at the used boat sites, it seems like the market is a little slow there also - maybe folks are holding onto their boats a little longer than normal. *I've been looking for a used bass boat for a while and I normally can find deals on a regular basis - not so much lately. Interesting. i actually wanted a used boat and waited until almost the end of the season here in the NE (NJ). I got a great deal on an older boat...seems boats are much cheaper now than they were when i bought my first one 10 years ago. It's interesting that a lot of the used inventory in dealerships is almost all consignment with the occasional dealer owned boat taken on trade. *And the consignment owners are looking for fairly big money even for lousy boats. I was looking at a 16' Blue Fin (the old Blue Fin aluminum) Sportster last week - guy wanted $3,800 for it with a Force 40 two stroke. I admit, a really clean boat - no doubt about it - kept inside, covered and very nicely maintained - almost like I maintain my boats in fact. Still, $3,800 for a 15 year old boat - high retail on it is only $1500 or so according to NADA. And there are a lot more boats like that out there - high dollar with no reason for it.- Hide quoted text - - Show quoted text - Tom, I've noticed that with Ebay. Usually there will be a low opening bid regardless of a reserve or not, but any more it seems that people are pricing them higher than normal with no takers. I dont' know if they feel their boat is actually worth it or not, or if they feel they have to have a pay-off for the bank. BTW, the boat I consulted you about? They still have it. They've tried to auction it off three times with no takers and won't lower the opening bid. |
#5
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posted to rec.boats
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On Wed, 2 Sep 2009 07:44:05 -0700 (PDT), Tim
wrote: I dont' know if they feel their boat is actually worth it or not, or if they feel they have to have a pay-off for the bank. Probably the latter. A lot of people are upside down on their boat loans and don't have the cash to close it out cleanly. |
#6
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posted to rec.boats
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On Wed, 02 Sep 2009 10:58:39 -0400, Wayne.B
wrote: On Wed, 2 Sep 2009 07:44:05 -0700 (PDT), Tim wrote: I dont' know if they feel their boat is actually worth it or not, or if they feel they have to have a pay-off for the bank. Probably the latter. A lot of people are upside down on their boat loans and don't have the cash to close it out cleanly. Totally agree with that. |
#7
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posted to rec.boats
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On Wed, 2 Sep 2009 07:44:05 -0700 (PDT), Tim
wrote: BTW, the boat I consulted you about? They still have it. They've tried to auction it off three times with no takers and won't lower the opening bid. I agree with Wayne - it's most likely that folks are upside down on their boat loan and want to get out of it to break even. When you look at relative values on boats, folks are asking much more than they are truly worth. Which is fine - but don't expect to sell it. If you have to short sale and take the hit, it's better than sitting on something that's just going to **** you off over time. |
#8
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posted to rec.boats
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On Sep 2, 11:56*am, Tom Francis - SWSports
wrote: On Wed, 2 Sep 2009 07:44:05 -0700 (PDT), Tim wrote: BTW, the boat I consulted you about? They still have it. They've tried to auction it off three times with no takers and won't lower the opening bid. I agree with Wayne - it's most likely that folks are upside down on their boat loan and want to get out of it to break even. When you look at relative values on boats, folks are asking much more than they are truly worth. Which is fine - but don't expect to sell it. *If you have to short sale and take the hit, it's better than sitting on something that's just going to **** you off over time. yeah that was my experience...i used 'craigs list' to find boats and most were asking far more than book value. they always had an excuse ' boat is clean', 'well kept', 'never in salt water' yadda yadda the one thing the book value doesn't cover is if they've put in a new engine which does add to a boat's value.. |
#9
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posted to rec.boats
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Tim wrote:
On Sep 2, 7:42 am, Tom Francis - SWSports wrote: On Wed, 2 Sep 2009 05:20:41 -0700 (PDT), wf3h wrote: On Sep 2, 8:08 am, Tom Francis - SWSports wrote: in between medical tests yesterday with a couple of hours to kill, so I decided to drive over to the Nitro/Tracker dealer in Shrewsbury just to look at boats. Imagine my surprise when I walked into the showroom and saw.... NOT ONE BOAT!!!! Zero, zip, nada - not one. The GM of the place, who I've talked to before, told me that they aren't getting their 2010 inventory until late October, early November. Their other brands, Trophy and Bayliner won't be arriving until at least December. Aluminum Trackers are also on the same schedule. He said, that I have no reason not to believe him, that the manufacturers are being very careful about building inventories for showrooms and at least with his dealership, they are going to have a limited showroom inventory and probably spend a lot of time having boats built to order rather than off the floor. Heard via the grapevine last week (I forgot to mention it), the major floor plan financier for boats is requiring higher interest and down payments on inventory boats - so high that it's almost impossible for smaller dealers to hold much in inventory if any at all. I wonder if we'll get a Cash for Sinkers program for boats? :) Looking around at the used boat sites, it seems like the market is a little slow there also - maybe folks are holding onto their boats a little longer than normal. I've been looking for a used bass boat for a while and I normally can find deals on a regular basis - not so much lately. Interesting. i actually wanted a used boat and waited until almost the end of the season here in the NE (NJ). I got a great deal on an older boat...seems boats are much cheaper now than they were when i bought my first one 10 years ago. It's interesting that a lot of the used inventory in dealerships is almost all consignment with the occasional dealer owned boat taken on trade. And the consignment owners are looking for fairly big money even for lousy boats. I was looking at a 16' Blue Fin (the old Blue Fin aluminum) Sportster last week - guy wanted $3,800 for it with a Force 40 two stroke. I admit, a really clean boat - no doubt about it - kept inside, covered and very nicely maintained - almost like I maintain my boats in fact. Still, $3,800 for a 15 year old boat - high retail on it is only $1500 or so according to NADA. And there are a lot more boats like that out there - high dollar with no reason for it.- Hide quoted text - - Show quoted text - Tom, I've noticed that with Ebay. Usually there will be a low opening bid regardless of a reserve or not, but any more it seems that people are pricing them higher than normal with no takers. I dont' know if they feel their boat is actually worth it or not, or if they feel they have to have a pay-off for the bank. BTW, the boat I consulted you about? They still have it. They've tried to auction it off three times with no takers and won't lower the opening bid. At least once a season at the local marina, a stranger will walk up at the ramp and ask me if I am interested in selling my boat, whatever my boat happens to be at the moment. It pays to not advertise? I got asked last Saturday. I said, "sure...make me an offer." Haven't heard back...yet. :) |
#10
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posted to rec.boats
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H K wrote:
Tim wrote: On Sep 2, 7:42 am, Tom Francis - SWSports wrote: On Wed, 2 Sep 2009 05:20:41 -0700 (PDT), wf3h wrote: On Sep 2, 8:08 am, Tom Francis - SWSports wrote: in between medical tests yesterday with a couple of hours to kill, so I decided to drive over to the Nitro/Tracker dealer in Shrewsbury just to look at boats. Imagine my surprise when I walked into the showroom and saw.... NOT ONE BOAT!!!! Zero, zip, nada - not one. The GM of the place, who I've talked to before, told me that they aren't getting their 2010 inventory until late October, early November. Their other brands, Trophy and Bayliner won't be arriving until at least December. Aluminum Trackers are also on the same schedule. He said, that I have no reason not to believe him, that the manufacturers are being very careful about building inventories for showrooms and at least with his dealership, they are going to have a limited showroom inventory and probably spend a lot of time having boats built to order rather than off the floor. Heard via the grapevine last week (I forgot to mention it), the major floor plan financier for boats is requiring higher interest and down payments on inventory boats - so high that it's almost impossible for smaller dealers to hold much in inventory if any at all. I wonder if we'll get a Cash for Sinkers program for boats? :) Looking around at the used boat sites, it seems like the market is a little slow there also - maybe folks are holding onto their boats a little longer than normal. I've been looking for a used bass boat for a while and I normally can find deals on a regular basis - not so much lately. Interesting. i actually wanted a used boat and waited until almost the end of the season here in the NE (NJ). I got a great deal on an older boat...seems boats are much cheaper now than they were when i bought my first one 10 years ago. It's interesting that a lot of the used inventory in dealerships is almost all consignment with the occasional dealer owned boat taken on trade. And the consignment owners are looking for fairly big money even for lousy boats. I was looking at a 16' Blue Fin (the old Blue Fin aluminum) Sportster last week - guy wanted $3,800 for it with a Force 40 two stroke. I admit, a really clean boat - no doubt about it - kept inside, covered and very nicely maintained - almost like I maintain my boats in fact. Still, $3,800 for a 15 year old boat - high retail on it is only $1500 or so according to NADA. And there are a lot more boats like that out there - high dollar with no reason for it.- Hide quoted text - - Show quoted text - Tom, I've noticed that with Ebay. Usually there will be a low opening bid regardless of a reserve or not, but any more it seems that people are pricing them higher than normal with no takers. I dont' know if they feel their boat is actually worth it or not, or if they feel they have to have a pay-off for the bank. BTW, the boat I consulted you about? They still have it. They've tried to auction it off three times with no takers and won't lower the opening bid. At least once a season at the local marina, a stranger will walk up at the ramp and ask me if I am interested in selling my boat, whatever my boat happens to be at the moment. It pays to not advertise? I got asked last Saturday. I said, "sure...make me an offer." Haven't heard back...yet. :) He'll offer you $2K more than you paid for it - despite the LT! |