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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Questus Radar Mount

Questus Marine patented, Self-Leveling Radar Mounts automatically keep radar antennas level with the horizon, eliminating target loss.

Regardless of the angle of heel, with a Questus mount, a radar antenna will pick up targets to either side of a vessel, rather than aiming to the sky and water (for planes and fish). The Questus Marine Self-Leveling Radar Mount can be installed in three basic configurations: backstay mount, mast mount or Stern Pole mount.

 

 

 

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Torqeedo announces new structure and names business unit management

Matthias Vogel, Fabian Bez, Sven Mostoegl

Left to right: Matthias Vogel, Fabian Bez, Sven Mostoegl

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