Nov 1, 2022

Andy AdamsI’m writing this on Friday October 28 from my hotel room at the Fort Lauderdale International Boat Show (FLIBS). I have lots of news from the front but I’m not sure what to make of it all.

The show is packed. The docks are very busy and getting anything to eat or drink involves a long line up. With the recent cancellation of the IBEX Show in Tampa that was in the path of the devastating Hurricane Ian, many exhibitors scrambled to get into the tents or into the Broward Convention Centre at FLIBS. There is an abundance of new product that the industry needed to get out. 

It also meant that everyone came to FLIBS for meetings and contact with their dealers as well as the boat-buying public. And, that “boat-buying public” needs pretty deep pockets this year. It seems that prices are up and there could be many reasons for that.

We have heard about shipping problems, product and labour shortages from just about everyone. These hurdles seems to be across the board – no one is spared. On the other hand, many boatbuilders I have spoken to are expressing confidence that they will be delivering product to their dealers this spring, so that’s encouraging.

The subject of Canada’s new Luxury Tax on new boats worth over $250,000 has come up often and our response has been that the business and the sales will continue – don’t pull back, don’t cancel orders.

First, this will just need to be added to the bottom line and Canadian dealers would be well advised to down-play it. Overall, the price of many things is also up – way up in some cases. Car & Driver recently released a survey indicating that given the (sometimes severe) shortage of certain new vehicles in the USA, prospective buyers were willing to pay as much as $18,000 over list price to get the car they want.

I was stunned by that. Car dealers are the wheeler-dealers of all time and buyers have worked hard to grind down the prices in the past. But shortages have changed that it seems. NMMA CEO Frank Hugelmeyer in his recent IBEX Industry virtual address noted that new boat inventory levels are not high and that the industry should be in great shape going forward.

We all see the pace slowing due to rising interest rates and economic uncertainty but we are far from being in a downturn if you can judge from the crowds and the dealer’s attitudes at FLIBS. Can’t wait to see what happens at our Canadian shows this winter.

Andy Adams - Editor

  • Prev
Atlantic Canada’s premiere boating event is set to return to the Halifax Exhibition Centre, ...
The International BoatBuilders’ Exhibition and Conference (IBEX) has announced that the IBEX ...
For 2023, the National Marine Electronics Association has a great lineup of both in-person and ...
On November 15th 2022, Mercury Marine, a division of Brunswick Corporation (NYSE: BC), introduced ...
Charlie Bulmer, his wife Chris and daughter Kelly lead a team of 22 staffers as they hosted their ...
In just one week, we will be hosting the 2022 Boating BC Conference, Winds of Change presented by ...
If you haven't registered for the conference yet, Boating Ontario thought we should remind you ...
“The 63rd annual Fort Lauderdale International Boat Show (FLIBS) ushered in a five-day exhibition ...
Ralph and Eleanor Hutchings, the founders of Hutchings Marine Products Ltd., ...
Thank you to those who have already purchased tickets to the 2022 Boating BC Conference, Winds of ...

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.

Missed an Issue of Boating Industry Canada News Week? If you're looking for a specific issue, or simply want to catch up on previous issues, check out our Boating Industry Canada News Week Archives.

Not signed up for News Week? Subscribe here

 

 

 

 

 

Marine Products

  • Prev
From the cost of labor to the price of parts, every thru-hull a boatbuilder installs means more ...
Companionways, swim platforms and other tight onboard spaces can be challenging places for OEMs to ...
Just in time for the holiday shopping season, Lippert Components, Inc. (Lippert™) announces the ...
Leading lifejacket provider Crewsaver, a Survitec brand, is spearheading a fundamental shift in how ...
Propspeed®, leading innovator of underwater foul-release coatings, has announced the launch of a ...
Whether near the coast or far offshore, potable water is a precious resource on a boat. SeaEra QC ...
Iris Innovations, a leader in affordable on-board camera security and situational awareness ...
Whether made of Hypalon, PVC or polyurethane, inflatable boats and RIB tubes exposed to UV rays can ...
Boating Industry Canada attended the Simrad Yachting introduction of its two new high-performance ...
Dometic Marine has launched its latest development for the boat building and boating industry — the ...

 

Quicksilver 409 MPI Bravo EngineQuicksilver, a brand of Mercury Marine, introduced its all-new 409 MPI Bravo® FWC engine at the Land ‘N’ Sea Marine & RV Show in Las Vegas. For owners of older boats who are seeking to return to or extend their time on the water, the engine offers a thrilling boost in performance and is compatible with advanced digital technologies that provide even more reasons to breathe new life into a cherished classic with a repower.

The 409 MPI Bravo engine features increased durability and reliability in a package that is more compact, up to 150 pounds lighter and more fuel efficient than comparable big-block marine engines. 

Read More


 

People

  • Prev
Airmar Technology Corporation (Airmar) was saddened to announce on October 27th, that its Vice ...
Can-Am Sales Group, LLC., is pleased to announce that outdoor industry professional Sophie ...
On October 23rd, Canadian Boat Shows announced two New Staff members join the Toronto Boat Show ...
Torqeedo GmbH, the market leader for marine electric drives, has appointed Fabian Bez as the ...
Canadian Boat Shows announces that their new Show Manager for the Vancouver International Boat Show ...
As of August 2022, Boris Heitmann (58) has taken over responsibility as Vice President ...
Kim Knudsen has just joined the Quadrant team as their new Community Partnerships and Training ...
MarineMax welcomes Margriet Mitchell as the new brand marketing manager for Azimut, Cruisers ...
"Dad passed away peacefully on June 25th, at his home on Sturgeon Lake, just shy of his 92 ...
Chaparral Boats, Inc. and Robalo Boats LLC awarded $100,000 in college scholarships to ten ...

Outdoor Professional Sophie Lelievre-Hughes joins Can-Am Sales Group, LLC

Sophie Lelievre-Hughes

Can-Am Sales Group, LLC., is pleased to announce that outdoor industry professional Sophie Lelievre-Hughes has joined the Can-Am sales team as Territory Sales Manager. Sophie brings over 14 years of outdoor supplier experience to the Can-Am team which includes transforming the Lucky Bug Lure company into a successful brand across North America.

“We’re excited to have Sophie join our Can-Am team. Her enthusiasm & ability to thrive in a fast-paced environment combined with her deep industry and customer knowledge are a perfect fit for the needs of our distribution, retail, and vendor partners” stated Can-Am Sales Group President, Scott Makway.

Read More