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Boats backing up?
Tuesday, August 28, 2007
Enroute north yesterday near Roseburg, Oregeon, we went past one of the manufacturing facilities for Bayliner, a maker of recreational boats.
Having no idea whether or not this is normal (it certainly didn't look normal) this is being passed along in the event that anyone else might have some insight.
Out in front of the large buildings where standard Bayliners from 22 to 30 feet have been built since 1989 were dozens and dozens and dozens of what appeared to be shrink wrapped finished boats just sitting there, not looking like they were set to go anywhere any time soon.
According to the company's website, at this facility they do "complete construction, from starting molds to the finished product", employing a total of 320 workers.
Maybe this is normal, but it sure looked like the boats were backing up.
10 comments:
Maybe this has something to do with it: Confidence takes biggest hit in 2 years
I've never owned a boat, but I always liked that saying, "The second best day of my life was when I bought my boat - the best day was when I sold it".
You'd think that Bayliner might have some rough going as the "wealth effect" reverses. Maybe they should start building yachts - there's probably not much of a pull-back in demand there.
Tim,
You can bet I won't be buying a new Bayliner anytime soon...... its my understanding that John Devaney, former CEO of United Capital has "Positive Carry" on the market...all 141 feet of her....I'm hoping to snap up a real bargain!
I have noticed a LOT more ads in the paper for boat sales. Just last week they were advertizing 30-50% off all boats (I dont think it was bayliner rather a local boat shopr--San Diego) it caught my attention and mentioned it to my coworkers we share a paper ever day for a couple of years now and had never seen an add like that.
I wonder if they are related? ---I think soooo.
downside of housing ATM, can't go and buy the toys like we used to. BTW, look at RV sales lots and see the glut they have
This reminds me of that "Hummer Overfloweth" issue from a few years back. Maybe if you got a picture of the boats you could post them side by side with the Hummers.
The problem with anecdotal factors like overflowing inventory is that businesses address them rapidly. I'll bet those Overflowing Hummers have mostly been sold, and that these boats will sell too. Businesses HAVE to move the inventory and will promote (i.e. add incentives or even cut prices) as necessary to do so. In my area, the Hummer dealers realized that the resistance to Hummers was mostly high gas prices, and they moved their inventory by giving away 1 year of free gas with each purchase. The boat dealers will find a way to move those boats. Maybe something like, "Lost your home when your ARM reset? You can live in a boat for a fraction of the cost!"
Boats are expensive in every way, from buying them, filling them with gas (which is always much more expensive at the dock than it is on the street), storing them both in the water and out, and repairing them pretty much constantly. If one is looking to cut a corner in the budget, let's just say "the boat" is the first thing to go.
you really should swing up to Seattle as well. Very pretty town and the weather is good now!
My dad said that back in the 50's & 60's you could judge Boeing's fortunes by the size of the boat classifieds in the Seattle newspaper, since it was basically a company town back then.
Motorhomes, travel trailers are in the same "boat".
A boat is a hole in the water you throw money into.
And it's difficult to sell them at the end of the summer.
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