Boat Show

[ishoot308]

Originally Posted by Descant

I'm sure somebody out there has a more accurate wording for what MSRP really means. My guess is, that in a few years, as new models are introduced, the MSRP will trickle down.

Unfortunately, I don’t think you will see the Manufacturers Suggested Retail Price go down on boats unless the cost of manufacturing that boat goes down. That just isn’t going to happen….it may level off but will never decrease.

I took the time to look up how much boats have gone up due to the hyper inflation we are experiencing…according to NMMA data, the average cost of an outboard equipped boat has gone up a whopping 44% in the past four years….

Dan

[Biggd]

Originally Posted by ishoot308

Unfortunately, I don’t think you will see the Manufacturers Suggested Retail Price go down on boats unless the cost of manufacturing that boat goes down. That just isn’t going to happen….it may level off but will never decrease.

I took the time to look up how much boats have gone up due to the hyper inflation we are experiencing…according to NMMA data, the average cost of an outboard equipped boat has gone up a whopping 44% in the past four years….

Dan

Just like cars, when they have trouble selling them the manufacturer offers discounts off MSRP and lower finance rates.

[ishoot308]

Originally Posted by Biggd

Just like cars, when they have trouble selling them the manufacturer offers discounts off MSRP and lower finance rates.

Exactly…

Dan

[John Mercier]

Originally Posted by Biggd

Just like cars, when they have trouble selling them the manufacturer offers discounts off MSRP and lower finance rates.

I guess that would depend on their margins and how far they can afford to compress them.
Yamaha left snowmobiling, so maybe they are going harder into marine - but a little too soon to know for sure.

[Biggd]

Originally Posted by John Mercier

I guess that would depend on their margins and how far they can afford to compress them.
Yamaha left snowmobiling, so maybe they are going harder into marine - but a little too soon to know for sure.

At some point, even if you're losing money, you have to move inventory to make room for newer models.
It's not like selling lumber, the lumber model doesn't change from year to year.
A 2X4 is still the same 2X4 from one year to the next.

[TiltonBB]

Originally Posted by Biggd

At some point, even if you're losing money, you have to move inventory to make room for newer models.
It's not like selling lumber, the lumber model doesn't change from year to year.
A 2X4 is still the same 2X4 from one year to the next.

I know of one dealer with multiple lines who usually orders over 100 new boats from one manufacturer each year. He has 70 left over 2023 models and has ordered 10 2024's. He may order more as time goes on but he wants to see how the 2023 boats are moving before he commits to more.

Most, if not all, area dealers are experiencing the same thing. Expect great pricing this year!

[Descant]

Originally Posted by ishoot308

Unfortunately, I don’t think you will see the Manufacturers Suggested Retail Price go down on boats unless the cost of manufacturing that boat goes down. That just isn’t going to happen….it may level off but will never decrease.

I took the time to look up how much boats have gone up due to the hyper inflation we are experiencing…according to NMMA data, the average cost of an outboard equipped boat has gone up a whopping 44% in the past four years….

Dan

Thanks for the research. It is hard to comparer outboards this year with outboards from 4 years ago. So many boats this year had three or even four motors at 300 hp or 350 hp. I don't think that was the case a few years ago. Obviously, I didn't do an inventory, but the number of boats with multiple BIG hp outboards was dominant. Not so many kayaks, dinghys, sailboats this year. Outboard power was big.