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Author Topic:   April boating industry news
lhg posted 05-01-2001 11:20 PM ET (US)   Profile for lhg  
I just received my May issue of "Soundings Trade Only" magazine, and there are some bits of information of interest, I think, to the Whaler group. All quotes are from this issue of Soundings. I am just the messenger!

Irwin Jacobs, of Genmar/Qualcom fame, who was part of the OMC buyout deal, to get the boating companies, gave them and interview.

On why OMC failed:
"This is not something that happened in a day or a month. This is something that happened in the last 20 years. It was self-inflicted.
All human errors. Every regime that came into this company made it worse than before."

On Chris Craft, which he got in the deal and then turned right around and sold:

"Although Crhis Craft is a well known name rich in nostalgia, Jacobs says the multiple owners over the past decade only ruined the brand. He says the constant re-tooling and changing models stripped Chris-Craft of it's identity" (has this happened to Boston Whaler, or is it a possiblity?)

There is an article about Bombardier trying to get new outboards in production, but there is no new news. The silence is deafening.
There is a paragraph that says they had to recall 12,000 defective Ficht 200/225's. They currently have 450 people working on the engine start up situation, but nothing is being produced, nor mfg labor rehired.
There is evidently about $100,000,000 in leftover outboard engine inventory spread around the warehouses and in Dealer yet to be gotten rid of on the retail market.

There is an article about a Bill in Congress to clean up up toxic waste sites on the Great Lakes. Article says:
"One example of a hot spot is Waukegan harbor in Illinois, where Outboard Marine Corporation in the 1960's dumped thousands of pounds if PCBs. Davis says an early 1990s cleanup effort removed most of the toxic contaminants, but he says Waukegan Harbor was once considered the worst PCB mess in the country, and the cleanup job isn't over.

There are still PCB's in the Harbor, he says.

OMC's bankruptcy filing in December has left funding for the remaining cleanup in doubt"

Finally, there is an interesting chart on Fiberglass boat sales in year 2000, as follows. (number of boats sold)

1. Bayliner: 13,601
2. Sea Ray: 12,848
3. Four Winns: 5,111
4. Chapparal: 4,741
5. Triton: 4,088

lhg posted 05-01-2001 11:30 PM ET (US)     Profile for lhg    
I hit the tab key by mistake and posted too early. Continuing:

6. Tracker: 4,034 boats
7. Carolina SKiff: 3,987
8. Ranger: 3,890
9. Crownline Boats: 3,528
10. Glastron: 3,462
11. Maxum: 3,433
12. Sea Doo: 3,395 (jet boats, not jet ski)
13. Godfrey: 2,955
14. Larson: 2,726
15. BOSTON WHALER: 2,704 boats sold!
(indicated as a 3.3% increase over 1999)

Besides this being great news for BW, the list continues down to #25 Skeeter (selling 1,935 boats) and none of BW's competitors are on the list, such as Grady, Mako, Regulator, Contender, Aquasport, etc.

So the folks at Brunswick must be doing something right. Bayliner was off 10% and Sea Ray 7%. But not BW!

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