Results of a boating industry survey of 432 dealers indicate that the market at retail is bottoming but not yet rebounding. On most measures of performance, business trends remain tough. New boat sales are still weak and dealers remain concerned about the credit environment and profitability levels. At the same time, the used boat market continues to strengthen, and dealer feedback suggests that this is more of a reflection of true demand than distressed selling activity. Second, the level and aging of dealer inventory appears to be in very good shape. Third, while still depressed, readings on financing, profitability and dealer sentiment are moving in a more positive direction. The release.
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