New boat sales mirror 2010, used boat sales increase

[LuckyLady]

Spader Dealer Reports
New boat sales mirror 2010, used boat sales increase

Boating Industry
Tuesday March 29, 2011



SIOUX FALLS, S.D. — New boat sales are the same as last year and used boat sales are up in 2011 for the average dealer tracked by Spader Business Management.

In the company's latest financial report, which looks at the first two months of 2011, new boat sales continue to remain nearly the same as new boat sales from last year, while used used boat sales were up by 40 percent over last year at this time. Total dealership sales were up by nearly 5 percent over last year.

New boat inventory levels grew slightly and ended the month 4.3 percent higher than they were last year at this same time.

The average gross margin percentage earned on new boats for the first two months of 2011 was 0.7 of one percentage point higher than the gross margin earned for the same period last year.

The average total dealership gross margin percentage was down by 0.9 of one percentage point when compared to last year.

In terms of dollars, the average dealer continued to spend more (by about 3 percent) than they did last year. Spending was up in advertising, variable and fixed expenses.

So far in 2011, the average dealer reported a net operating loss of $105,763. This compares to an average loss of $100,268 for the same period in 2010.

The Spader training and consulting firm tracks North American boat dealers, both large and small, to compile an average profile, then compares year-over-year trends in a number of different categories.

[neilinov]

This report is really dumb. What kind of comparison are they making???? Sales figures for a 2 month period. Is the NOL a yearly figure or is that for the 2 month period. If that trend continues is the average boat dealership gonna end up with a $600,000 NOL. I would think that anyone doing an economic analysis and forecast on a economic sector would at a minimum use a quarter to come up with any sort of report. Even that is subject to speculation????? Very strange report.

[seapower]

posted by a very strange woman!!!! Frank

[hubris 1]

This report is really dumb. What kind of comparison are they making???? Sales figures for a 2 month period. Is the NOL a yearly figure or is that for the 2 month period. If that trend continues is the average boat dealership gonna end up with a $600,000 NOL. I would think that anyone doing an economic analysis and forecast on a economic sector would at a minimum use a quarter to come up with any sort of report. Even that is subject to speculation????? Very strange report.

COPY AND PASTE.............ITS NOT THE CONTENT OF THE REPORT THAT MATTERS, JUST THE FACT THAT ITS HERE! YOUR RIGHT THOUGH, AND I THOUGHT MARTY TOOK ALL THE "CLUELESS" THREADS WITH HIM.