KnotEasy
Member
But the plants are returning previously delivered product to vendor's left and right. Cheap shot IMO.As an employee of the Palm Coast plant I can say as of 6/28 there have been no boats disassembled or cut up.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
But the plants are returning previously delivered product to vendor's left and right. Cheap shot IMO.As an employee of the Palm Coast plant I can say as of 6/28 there have been no boats disassembled or cut up.
Thanks for clarifying.As an employee of the Palm Coast plant I can say as of 6/28 there have been no boats disassembled or cut up.
So sorry to hear this. What an awful thing to have happen. I cannot imagine going through this, the uncertainty would drive me crazy.I'm sorry. That was 6/28. Last Thursday. The plant is shut down this week for summer vacation. My last day will be 8/23.
• In 2017, there were 31 million Mass Affluent households with a net worth between $100,000 and $1 million, NIPR. That is an increase of half a million households from 2016.Another thought on models being discontinued. It is just a small market because of the high cost of the boats. Not that many people have the bucks and there are lots of options from other builders.
Should have said not that many people have the bucks, who like to boat, who live near water, who like the SR brand, who prefer power over sail, etc. Plus, you can rule out many people with net worths of 1-5 million because spending the kind of money these SRs cost represents a significant percentage of their wealth which gives thinking wealthy people pause if they are serious about growing their wealth. As far as the ultra high net worth people are concerned who boat, and we have a few around here, they don't own SRs. Look at the numbers of these boats that are sold each year. It's not a real big number because the market is not that big.• In 2017, there were 31 million Mass Affluent households with a net worth between $100,000 and $1 million, NIPR. That is an increase of half a million households from 2016.
• The number of Millionaires, those with a net worth between $1 million and $5 million, climbed to 9.98 million, an increase of almost 600,000 compared with 2016.
• The Ultra High Net Worth market, in which net worth is between $5 million and $25 million, grew to 1,348,000 households, an increase of 84,000 from 2016.
• There are now 172,000 households with a net worth exceeding $25 million. That reflects an increase of 16,000 households from the 2016 total, an increase of more than 10 percent from the 2016 total of 156,000
https://www.einnews.com/pr_news/438...ficant-growth-in-u-s-household-wealth-in-2017
.....As far as the ultra high net worth people are concerned who boat, and we have a few around here, they don't own SRs.
It would be interesting to see the size of the ultra high net worth boat market and the number of SRs sold in that market vs. the number of custom and semi custom builder sales. I'd bet that SR is not a blip in the pie chart. You get a hint of the company's market penetration by looking at the expensive used boats for sale in the boating mags. Lots of brands for sale. SR seems underrepresented. Our area of the country has quite a few well known ultras who enjoy boating. Can't think of a single big SR owner in that group of people.As with many absolute statements this is not true. Having a net worth in excess of $1-5M, or extraordinarily high repeatable cash flow, is likely a pre-cursor to owning a big boat (i.e. bigger than 50 foot), Sea Ray or not. Buying a new one likely requires membership in the UH net worth group. I'm sure more than a few owners on here are in the ultra high net worth category.
It would be interesting to see the size of the ultra high net worth boat market and the number of SRs sold in that market vs. the number of custom and semi custom builder sales. I'd bet that SR is not a blip in the pie chart. You get a hint of the company's market penetration by looking at the expensive used boats for sale in the boating mags. Lots of brands for sale. SR seems underrepresented. Our area of the country has quite a few well known ultras who enjoy boating. Can't think of a single big SR owner in that group of people.
That in itself should tell you about SR and quality control. A new production boat should not be dealing with warranty after warranty issue to "get it right" . Imagine if you bought a new automobile that was having multiple problems right off the lot. My guess is that car would quickly be gone.
As with any product, if there is a viable market out there someone will step in to fill it. My impression is the boat market (35-60) market is shrinking. There may open a market for custom built boats in that range that the buyer can get more of what he wants and without the QC problems that have plagued SR.
I am in total agreement with you if you are referring to actual build issues. Beyond that, we have a few boats in our marina that are having warranty issues taken care of week after week. Most of these have nothing to do with Sea Ray per se, but more with manufacturer issues such as electronics and other components not manufactured by Sea Ray.