marinemax financial situation for 2008

I don't understand then how they are raising their prices so much. I mean the price of the new 310 is the same as the old 320, the 330 is the same price as the old 340 and now the 350 is the same price as the 38. How do they expect to sell smaller boats for more money in this market??
 
Observations:

1. When one of the primary components of your raw materials is petroleum or its first cousin and oil prices have increased about 25% since your last price increase, something's gotta give and it is to increase the dealer's prices on your products.

2.When the manufacturer of your primary product line raises his prices by enough to change the color of the ink on your bottom line........what would you do? Lose more money or raise prices?

2.There is a difference between the dealer's asking price and his selling price.

3. You, the buyer, totally control the price of boats. You either negotiate a number that makes you a buyer or you turn around and walk out of the door.

4. What gov. rebate check?.........read the fine print!
 
Maybe the problem lies somewhere with Marine Max's understanding of the second #2 and #3 above?

The guys I've dealt with at Marine Max were nice, but they fall way short of reality in regarts to today's boat market. When I was bidding on 560 Sedan Bridges they had several...but wanted a premium price for them. Tried negotiating but they stayed pretty firm on their price "upselling" the benefits of their owners experience..blah blah blah.

In the end, I payed significantly less for a 56 in much better condition than they ones they had (larger engines to boot) and their boats are all still on the market.

Maybe all those boats on the balance sheet makes their investors feel better (or keeps them off their back)? Otherwise, I have no idea why they aren't pushing their used invetory when someone interested knocks on their door?
 
Last edited:
Actually that's not bad considering the ecomony is completely tanked in states like Florida. But wait, now comes the banking fraud cases and the expiration of the interest only loans which people will start defaulting on. I predict the economy will go to a place none of us has ever seen in the next three quarters. Couple the financial crisis with expensive fuel and MM and SR will see sales really free fall.
 
Mikes right ... I think there pricing for the most part is way out of whack. They also have portions of the north east locked up tight ... so they think there the only game in town.

Rob
 
You must log in or register to reply here.

Forum statistics

Threads
113,112
Messages
1,426,284
Members
61,025
Latest member
jralcorn
Back
Top