Jan 24, 2023

Andy Adams 2018 Edited 400The good news is that the 65th  Anniversary Toronto International Boat Show opened last Friday January 20th to strong attendance, positive attitudes and a great looking show floor. Hats off to the Canadian Boat Shows team for an outstanding job there.

The show space is somewhat smaller than in past years in terms of boats on display but that is mainly noticeable to those of us in the industry. The show attendees are not noticing this, at least at first. 

Then, as they walk around, those who have attended past shows may realize that in spite of seeing many beautiful displays of great new boats, they are not seeing the big boats that were on display before the Liberal government brought in the Luxury Tax.

This is where that Government policy starts to bite. Dealers really had no reliable way to gauge how the boat-buying public would respond to this significant new tax but common sense tells us there will be resistance to buying bigger boats that attract this tax penalty.

The costs to order in and floorplan an expensive boat that may not be profitable to sell at retail, dictated that dealers did not place those orders. And, the result is that there is little on the show floor that costs above $250,000.

Toronto has just two keel boats on display. There are far fewer cabin boats.

Something else is different this year. We are seeing a host of boat brands that are new to this show. That’s refreshing and it will be interesting to show attendees for sure. There are some very fresh new designs that give the show floor a very different look.

As you read this on Tuesday morning, January 24th, I will again be the MC at the NMMA Canada State of the Industry Breakfast event. This will have a great agenda of speakers and presentations that we will report on in News Week next week. I hope you are there and can join us.

Thanks to the Canadian Boat Shows team, TIBS is back and looks great but things have certainly changed.

Andy Adams - Editor

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Boating Industry Canada News Week

 

Every Tuesday we publish a fresh Digest with informative articles pertaining to the Canadian boating and marine industry. Stay up to date with the latest products, research and industry developments.

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Garmin ECHOMAP UHD2Garmin has announced their new ECHOMAP™ UHD2 series chartplotters that offer anglers premium features like Ultra High-Definition sonar, preloaded Garmin Navionics+™ mapping with an included one-year subscription to daily map updates, wireless networking for data sharing and support for Garmin’s award-winning LiveScope™ live-scanning sonar.

Available with a 6”, 7” or 9” bright, sunlight-readable touchscreen display with keyed assist, anglers can easily control and operate the functions they depend on for a successful day on the water, including zooming in or out on the map or quickly toggling between different sonar views.

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Jillian Noel

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