Brunswick reports 8.4 percent sales growth for quarter

This story will be updated after the Brunswick earnings call Thursday morning. Brunswick Corp. on Thursday reported sales growth for the first quarter of 2017, with 14 percent growth in boat sales leading the way. “Our first quarter revenues increased by 8 percent,” said Brunswick Chairman and CEO Mark Schwabero. “Our top line reflected strong …
Boating Industry

Economic Snapshot: Existing home sales dip slightly

Although existing home sales decreased, February’s sales pace is still 5.4 percent above the previous year. 2017 started at the fastest pace of existing home sales in almost a decade. Existing home sales Total existing home sales dropped 3.7 percent to a seasonally adjusted annual rate of 5.48 million in February, down from 5.69 million in …
Boating Industry

Double-digit same-store sales continue for dealers in February

Boat dealers continued to post double-digit sales in February, buoyed heavily by parts and accessories sales. Same-store sales in February were up 12.3 percent from the same month a year earlier, according to the latest report from CDK Global Recreation. The report is based on data from users of the company’s Lightspeed software. February’s gains …
Boating Industry

Single women are buying more homes. Will that translate to boat sales?

Tomorrow is International Women’s Day, and so in honor of it I thought I would share some interesting data regarding home ownership and women. The National Association of Realtors publishes an annual Profile of Home Buyers and Sellers, and last year it reported that the quickening pace of home sales in the past year included …
Boating Industry

Navico director of sales named to NMEA Board of Directors

Navico, manufacturer of marine electronics and parent company to the Lowrance, Simrad and B&G brands, announced that Sean Hatherley, director of sales for Navico Americas, has been named to the board of directors of the National Marine Electronics Association. NMEA board members are appointed to a three-year term where they work together to create and …
Boating Industry

Monitor Products adds new partner, VP of sales & engineering

Monitor Products recently welcomed Andy Logan as a partner within the company and the vice president of sales and engineering. Logan brings 25 years of experience to Monitor Products including a background in engineering, sales and overall business development. His experience includes 10 years at MerCruiser where he served as the lead engineer for MerCruiser’s …
Boating Industry

Mark’s Marine: Fishing seminars add value for boat sales

Mark’s Marine, Inc. has been hosting fishing seminars for a few years, and they have been incredibly popular with its customer base. These informal classes help fishing enthusiasts learn how to use their fishing boats – which Mark’s Marine sells – better and more often. Now, the seminars have grown so much that Mark’s Marine …
Boating Industry