Sea Ray news...

[rblatter]

Just got back from my dealer, left my boat there for the winter. The owner mentioned he had been in a meeting in Tennessee and that all Sea Ray executives looked very serious. No way to confirm this, but what he heard was that : "all Bayliner production was stopped, and that Meridian production might move to a Tennessee plant in the spring". This dealer was telling me that this coming year he will order only one boat of each size over 30ft. and see what happens. Funny thing is that last year, 07 was a record yeare for them, selling many 340s, 440s, 480s and one 60 Sundancer.

I asked my salesman why they did not sell their 350 Sundancer, and he admitted the price was too high, same goes for the 47SB. I get excellent service from these people and hope business picks up so all his customers can continu to get the same. Now for hibernation until April 09, thank God I found this forum....

Robert Blatter
310 Sundancer 01
Bravo IIIs :smt001

 

[Half Off]

I heard last week that they were thinking of combining Maxum and Bayliner and offering some of the Maxum packages under the Bayliner name.

 

[hack4alivin]

In talking with my local dealer last weekend, he told me that they had sold most of the boats on their lot and had a good year. At this point the production has slowed and they are not getting the boats from Sea Ray.

 

[Presentation]

A few months ago I heard that due poor payments of sub prime loans that foreclosures are increasing and this will result in a drop in real estate values. This drop in real estate values will cause bank and other financial firm failures, a slowdown in the economy and combined this will lead to a drop in stock market levels both here in the USA and around the world. The S&P 500 will drop around 40% by the mid point of October.

Also due to all this the credit market will tighten significantly. Oh, this slowdown will also result in the price of oil to drop to prices well under $80 per barrel.

Furthermore, the above will result in a drop in discretionary funds as well as discretionary spending. This includes boat sales.

This drop in boat sales will cause a significant hardship for the marine manufacturing and related industry. Some marine manufacturers will have layoffs wile others will go out of business all together.

Don’t worry; it’s probably just a rumor.

 

[surfinjoe]

I think our future depends on who gets elected in a couple of weeks. I am very worried about the next 4 years. I guess that if I loose my job, the worst that can happen is that I loose my house and am forced to re-locate out of Michigan say to Florida. What kills me is the fact that I have spent the last 10 years remodeling my house with my own two hands and spending most of my free time and money on it. What a poor investment! So much for the American dream!

I know that loosing my house would be bad for my credit score but it would extend my boating season (assuming that I could find work in Florida). If I could manage to keep my boat (nice priority I know) then I might be able to live with the fact that I have an appartment **LOL**!

A few months ago I heard that due poor payments of sub prime loans that foreclosures are increasing and this will result in a drop in real estate values. This drop in real estate values will cause bank and other financial firm failures, a slowdown in the economy and combined this will lead to a drop in stock market levels both here in the USA and around the world. The S&P 500 will drop around 40% by the mid point of October.

Also due to all this the credit market will tighten significantly. Oh, this slowdown will also result in the price of oil to drop to prices well under $80 per barrel.

Furthermore, the above will result in a drop in discretionary funds as well as discretionary spending. This includes boat sales.

This drop in boat sales will cause a significant hardship for the marine manufacturing and related industry. Some marine manufacturers will have layoffs wile others will go out of business all together.

Don’t worry; it’s probably just a rumor.

 

[Four Suns]

<deleted>

 

[comsnark]

I think our future depends on who gets elected in a couple of weeks. I am very worried about the next 4 years. I guess that if I loose my job, the worst that can happen is that I loose my house and am forced to re-locate out of Michigan say to Florida.

On one level, the President does not have 100% say over the economy. . . so I wouldn't worry too much on that level. On another level, out of control spending combined with Tax cuts is economically bad in the long term - -> and I am sure has contributed to where we are now.

The next President, whoever it is, will be facing a real budget jam. Hopefully, the person who wins won't ignore the loss of government revenue next year and spend like a kid with a AMEX gold card in a toy store. I currently laugh at the campaign talk of "capital gains" tax rates right now. I mean seriously. . .who is going to be paying capital gains taxes in the next two years? I paid a significant amount last year. . .and unless a miracle happens, I certainly won't pay a dime this year. These simple economic facts really do have an impact on the Federal budget.

Personally, I almost feel like a sucker for living within my means and not blowing all my savings on boats and fine women over the last five years. Earlier this year, I passed on buying a significantly larger house because I thought it would result in my having too much real estate relative to other investments. OOPS! What a dumb move that was!

Bringing this back to boating, last July/August I was seriously thinking about getting 4'-itis. With the price of used boats plummeting, I was toying with trading in my 280SS for a 32DA or maybe even a 34DA. Now, however, with the losses in the equity markets I won't even consider such a move (because I simply no longer have the money!). I am sure that there are plenty others like me out there. . . . and that is what is hurting SeaRay's buisness.

- - - - - -

And yes, because I don't expect to be paying Capital Gains this year, I expect a HUGE refund at tax time. Which won't affect my spending one wit. . .

 

[Turtlesboat]

Well if you have the cash, I say there is no better time than right now to go out and spend it. 1) EVERYTHING is on sale 2) it's not doing much good sitting in the bank or putting it in the market.