Part Three of YBAA University: We recently returned from the annual Yacht Broker’s Assn of America University session. This is a gathering of yacht brokers and new boat sales people, along with industry experts in various fields. We collected lots of great information to share and this is the third and final article. Click here…
Part Two of YBAA University: As I wrote last week, we just returned from the annual Yacht Broker’s Assn of America University session. This is a gathering of yacht brokers and new boat sales people, along with industry experts in various fields. We collected lots of great information to share. Click here to read part…
‘Tis the time of year when used boats are selling rapidly and almost all of them need condition and valuation surveys. Marine surveyors are harder to find these days since many have retired, and their reports are more expensive. However, insurance companies and some lenders want a survey, and you would be wise to have…
Bow thrusters and back-up cameras: what do they have in common? They both reduce the possibility of hitting something you don’t want to hit, and they take much of the anxiety out of close quarters maneuvering. Most would never buy a vehicle that didn’t have the back-up camera, and likewise it is becoming almost standard…
In this day and age, new performance designs are not introduced anywhere near as often as they used to be. This is even more the case with a design intended to be dual purpose; meaning not only for competitive racing, but also with nice accommodations for cruising or simply spending time aboard. Flat-out racers have…
Consolidation in the industry has always been there, but for years it was a gradual merger of companies as some of them aged out or went belly-up. Often the owners would tire, or be forced to sell for health reasons and the company would be sold. This was hardly unique to the boat business, but…
Change is constant and the marine industry is no different—and we have a front row seat. Here’s a look at some of the major changes and top boating trends we see coming for 2023 and the next few years. We’ll expand on these in later posts, but for now, a brief overview.
In the late 60s, 70s, and early 80s, boat dealerships proliferated, as did manufacturers. Prior to this time, few dealerships—as we know them today—existed. Boatyards might build their own wooden boats or maybe represent one builder. The advent of fiberglass changed everything—with exponential growth in terms of manufacturers, dealers, and of course, customers. It was…