Archive for » June 19th, 2013«

Monterey Boats welcomes new dealers River Valley Power & Sport and Waters …

Monterey Boats Welcomes New Dealer: Waters Edge Marine

WILLISTON, FL– Monterey Boats is honored to welcome Waters Edge Marine to the Monterey Boats dealer family! Waters Edge Marine is the premier dealer in the Des Moines Iowa area.

“We are excited to have Waters Edge Marine as part of the Monterey team,” said Monterey’s Director of Sales, Kim Loenichen. “The Monterey brand continues to grow stronger with the addition of a successful boat dealer like Waters Edge Marine.”

Waters Edge Marine has been serving the boaters of central Iowa since 1989. Phil Watson acquired Waters Edge Marine in early 2011 and brings over 18 years of experience in the marine industry with him. Waters Edge Marine has recently moved into a brand new showroom located just a quarter mile from Saylorville Lake, a top rated boating area in central Iowa.

Monterey Boats Welcomes New Dealer: River Valley Power Sport

WILLISTON, FL– Monterey Boats is honored to welcome River Valley Power Sport to the Monterey Boats dealer family! River Valley Power Sport is the premier dealer in the Minneapolis area.

“River Valley is the perfect addition to the Monterey family,” said Monterey’s Director of Sales, Kim Loenichen. “The Monterey brand continues to grow stronger with the addition of each boat dealer.” With three locations River Valley Power and Sport is situated at the heart of all the top boating locations around Minneapolis area.

“River Valley, as a three location Minneapolis marine retailer, welcomes Monterey to its already powerful lineup of Yamaha sport boats, wave runners, Bennington pontoons and Southbay pontoons. We look forward to a lineup of high quality and high value boats from Monterey” said John Wooden of River Valley Power Sport.

Monterey Boats, a leading independent boat manufacturer, has specialized in building premier quality sport boats, super sports, cruisers and sport yachts. Monterey’s current line features 26models ranging from 18’ to 41’, including our exciting new outboard model. Monterey has a growing worldwide dealer/partner network, a dedicated staff of more than 500 skilled boatbuilders, and is an industry leader in designing and building superior stern-drive pleasure boats. In 25 years, Monterey has produced well over 35,000 boats and generated over one billion dollars in sales. Every Monterey boat is also NMMA certified and backed by its exclusive MVP Lifetime Limited Warranty to assure the ultimate in customer confidence and satisfaction.

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Analyst sees boat sales gains with better weather

Analyst sees boat sales gains with better weather

Posted on 18 June 2013


New-boat sales trends have improved in the last four to five weeks, but weather will dictate whether that trend continues or pent-up demand will be deferred to 2014.

That’s according to Timothy Conder, a senior analyst with Wells Fargo who evaluates the value of Brunswick Corp. stock.

“Based on our conversations with marine industry lenders, we believe May U.S. retail sales were up marginally year over year and early June sales are also up year over year,” Conder wrote in a report issued this morning.

Cool weather patterns in the South and Southwest, as well as wet weather in the northern and central United States, contributed to lagging year-over-year sales in May, Conder says.

“Clearly the Q1 2013 and YTD U.S. boating (and powersports) industry retail sales have been negatively impacted by cooler and wetter-than-normal weather in the eastern two-thirds of the nation through May, versus abnormally warm and dry conditions in the year-ago period,” Conder says.

That has created “significant pent-up demand,” particularly in Northern states, where consumer confidence has remained steady, credit and housing have continued to improve, new- and used-boat inventory are near record lows and dealers remain optimistic.

“Admittedly, it appears that a portion of the 2013 season in the U.S. will be deferred to 2014, absent an unusually strong late June/July finish to the key retail sales period,” the report said.

Year-to-date early June unit sales continue to lag on a year-over-year basis, given the comparisons with last year’s numbers, and challenging April and sporadic May weather. From a wholesale perspective, 75 percent of second-quarter industry shipments are for pre-sold products that must be delivered by July 4, given generally non-refundable customer deposits.

“Therefore, we believe the swing factor in Q2 and Q3 U.S. retail sales will be ‘walk-up’ sales of primarily smaller aluminum boats and engines,” the report said. “We believe weather through early July will be the near-term determinant of the degree that pent-up year-to-date retail demand is realized or deferred for 2014.

Brunswick is well-positioned to gain share in a slow-growth environment since its new cost structure is providing improved profitability at materially lower production levels, the report said. Wells Fargo maintained the company’s “outperform” rating and estimated its valuation range as being between $39 and $41, with earnings per share of $2.70 to $3.20.

— Reagan Haynes

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Sail-a-Palooza to return to Jordanelle

Click photo to enlarge

The Park City Sailing Association will host its third-annual Sail-a-Palooza at the Jordanelle Reservoir on Saturday.

The event, which will be held at the personal watercraft ramp, has helped several families and individuals get involved in the sport.

“It’s basically Park City Sailing’s open house to the community,” Ken Block, the vice president of the Park City Sailing Association’s board of directors, said. “We’ll rig some boats so the community can come see some of the different styles.”

Block added that food will be provided at the event.

“PCSA throws a free barbecue, so we’ll have burgers, hot dogs, side dishes, etc.,” he said.

He said previous Sail-a-Paloozas have drawn all sorts of people from the community.

“Families came who hadn’t sailed before, as well as some families where the mom and dad had sailed but the kids hadn’t,” he said. “We also had grandparents bringing grandchildren and singles in their 20s and 30s coming down.”

There always seem to be plenty of people interested in learning about sailing, according to Block. Last year, he estimated that about 150 people came out to the Sail-a-Palooza.

“It’s just Park City people being adventurous,” he said. “There’s a curiosity factor with sailing. It’s out of the box and it’s new and different to a lot of people. The energy doesn’t seem to wane.”

Block said sailing in Park City is bucking industry trends.

“Sailing is a declining sport in most places,” he said. “But sailing is expanding in Park City.”

He said the accessibility that PCSA provides for both expert sailors and newcomers plays a part in the local trend.

“We’re keeping it community-based and we’re keeping it affordable,” he said.

He added that the Jordanelle is a perfect venue for sailing.

“For some reason, Parkites don’t seem to get out to the Jordanelle very much, but it’s an amazingly beautiful place,” he said. “The water is sparkling clean and there’s a consistent breeze coming up the Provo Canyon.”

In addition to the Sail-a-Palooza, Block said the PCSA is offering plenty of other opportunities to experience sailing, including Tuesday night Laser races and various camps.

“To amplify the adult sailing program, we have private lessons, group lessons and, new this year, family lessons,” he said.

The event is free to the public (but attendees will have to pay the $10-per-car Jordanelle Reservoir entrance fee) and will be held from 10 a.m. to 4 p.m.

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