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Conference vicki::boats

Title:Powerboats
Notice:Introductions 2 /Classifieds 3 / '97 Ski Season 1267
Moderator:KWLITY::SUTER
Created:Thu May 12 1988
Last Modified:Wed Jun 04 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1275
Total number of notes:18109

1059.0. "Boating vs the Economy (New England, Spring 1993)" by TOOK::SWIST (Jim Swist LKG2-2/T2 DTN 226-7102) Thu May 27 1993 14:56

    This topic was triggered by a comment in another topic that this is a
    tough time of year to get boat yards to do things fast as they are all
    busy with Spring commissioning related work and everyone wants to be in
    the water by June.
    
    For various reasons including problems getting my own boat in the
    water, as well as the fact that I'm in the market for a new boat, I've
    been in contact with a lot of marine industry people this  Spring and
    almost universally I hear that business is up.  A dealer in Danvers is
    selling (not inexpensive) fishing boats like hotcakes. The used boat
    section in Offshore is as small as I've ever seen it.   All the "take
    over the payments and you've got it" deals have dried up.
    
    Why?
    
    The economy around here isn't any better than 2 years ago.  New
    England's major employers (DEC, Raytheon, et al) are laying people off. 
    It seems like a riskier time than ever to spend money on optional
    activities (with the possible exception being the cost of money is at
    an all-time low).
    
    Or are a lot of people like me?  Frozen into near-panic a couple of
    years ago when it first became obvious that the notion of a guaranteed
    job in the hi-tech world was no longer true, but then learning to live
    with it (like a large percentage of the rest of the workforce has been
    doing for years).   Are people spending on boating again based on the
    fact that the worst that can happen is that something they don't really
    need will get repossesed?
    
    Any insight on this?  
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1059.1Looking up?SALEM::GILMANThu May 27 1993 15:406
    Someone was telling me today that things in the Northeast are looking
    up.  They are?   Could have fooled me.  My perceptions are the same as 
    yours.  But if people are buying boats again then at least some people
    must be feeling secure.  That in itself is a good sign.
    
    Jeff
1059.2Have Fun - You Only Live OnceWMOIS::LEBLANC_DENThu May 27 1993 17:3711
    Think about it.  If you get layed off in the summer, what better way to
    spend it than boating/fishing/etc... and think about a job in the fall.
    
    They have the money from their buyout package and this is what they are
    doing with it.
    
    This is the way most people are thinking these days.
    
    Good luck to them when everyone is in the market for work come Sept/Oct
    time frame. I know several X-DECies that are doing it.
    
1059.3Yup, live it up.SOLVIT::CHACEMy favorite season is getting nearer!Fri May 28 1993 11:3717
    
      To highly paraphrase the words of wisdom from a woman friend of mine:
    
      When things look bad, buy a boat. You'll have what you want. And even
    if you spend your last dime on it, there's no worry. Your friends won't
    let you starve, but they'll never buy you a boat.
    
    					Kenny
    
    In her case it was...
    
    
      She got laid off once and immediately bought 12 pairs of French silk
    underwear. Saying "Your friends won't let you starve, but they'll never
    buy you French silk underwear."   *grin*
    
    
1059.4Pipe DreamSALEM::GILMANFri May 28 1993 13:089
    Last few:
    
    Sounds good, but in fact the pressure to use every MINUTE of time to 
    FIND A JOB becomes overwhelming, at least for me anyway.  Its hardly
    a time I would be able to enjoy.  If there was a sure job waiting at
    the end of the Summer and I knew about it, it would be another matter.
    But thats not the way the World usually works.
    
    Jeff
1059.5Been waiting too longEMASS::FIELDSThu Jun 10 1993 09:3412
    
    
    	In my case I had been saving for years, and paid cash for
      my new boat.  I had thought about the economy being the way it 
      is but after 3 years of the economy being in the doldrums, I 
      figured I wasn't going to wait around.... time to move forward!
    
    	When I picked up my boat the second week of may, there were at
      least 6 new rigs waiting to be delivered, Roy's marina is doing
      a brisk business these days.
    
    	Bill
1059.6agree with .4SOLVIT::MOVALLIMon Jun 14 1993 18:4710
        I completely agree with .4.  I know that I would spend every waking
        moment either looking for a job or thinking about one.  A sense of
        panic would move in.  Unfortunately, it is exactly this sort of
        thinking that stifles the economy.   Now if sales are really
        picking up, maybe a snowball effect will start and the economy
        will change.  Imagine if everyone just spent an extra couple
        of dollars a week, what kind of impact that would have on the
        overall economy.
    
    	-Mike
1059.7Sales can be stimulated - selling is a work item.ASDS::BURGESSWaiting for ZEUS to comeTue Jun 15 1993 08:4026
	Well, there have been more than a few assertions that economic 
changes are brought about by self fulfilling prophesies.  Economists 
predict slow down, manufacturers cut back production, retailers cut 
back inventory, consumers see less choice on the shelves - anticipate 
job loss, hold off on discretionary purchases, etc. - economists say,
"toldja so" {without claiming credit (pun) } 

	This sunday we had Valley Marine bring 5 new Malibu ski boats, 
stacks of skis, knee boards, wake boards, and other sundry aquatic 
toys to our club for a "demo day".  Their prices were good, better 
than m/o catalogue, even before haggling.  I think they at least got 
"very close" to selling a boat, i.e. the deal may not have closed, but 
it probably will in a week or two.  They sold a lot of skis, boards, 
gloves, vests and "miscellaneous" and I have to believe they sold a
lot more than if they had stayed at the store that day.  Their 
additional costs were probably in gas and not much else.  

	So, if there's a point its probably in sales 101 

"Don't just hang around waiting for people to buy, SELL !"

or in this case;

	"When fewer customers come to the store it is time to take the
	store to them."  
1059.8Shopping on the RiverDOCTP::DECAROLISJeanneTue Jun 15 1993 10:0112
       >"When fewer customers come to the store it is time to take the
       >store to them."  

    They took their store to us yesterday, we bumped into them
on the Merrimack river in Methuen, how convenient!  We were able
to demo the latest HO tournament ski (very slick)!, and the
reps tuned the ski in after each pass through the course.  They
also had trick skis, knee and wakeboards.  

Jeanne

1059.9They remember people who "bump into them".ASDS::BURGESSWaiting for ZEUS to comeWed Jun 16 1993 09:3011
re                 <<< Note 1059.8 by DOCTP::DECAROLIS "Jeanne" >>>
>                           -< Shopping on the River >-


> Jeanne

	That's  "Jeanne with the brown Baja",  right ?   (-:


	Reg	{that's  "Reg with the feedback loop" }