Products are priced way too expensive. Prices are just out of range. 100,000 boats, thousands of dollars for fishfinders, etc.,etc. man created shortages to keep prices up. We are screwing ourselves. Corporate greed is the root cause.
No corporate is not. People took off for 3 years and spent everything the government gave them. It was a bunch of people with bad money habits that drove up demand.
Everything I said was going to Happen during Covid has either Happened or is Happening... Dwight, Good Seamaritan Rescue since 1958😊😊😊... Don't Overthink IT...😊
@@MuahMan little do people know BIDENS inflation reduction act SCREWED the middle class,when he said he was only gonna tax the rich who made over 400k...Another lie from that CRIMINAL..
@@steven4315 Thing is wages have not kept up with the cost of living. Interest rates were kept artificially low to help with this. Bottom line... we are in the end stages of the effects of offshoring our manufacturing (which is why wages suck). We are cooked as a country!
@@WeSRT4 As a retired factory worker. I've been dealing with the effects of offshoring my entire life. Disagree about the country. We are now reshoring manufacturing. Automation means the cost of labor is less important (about 6% in a new car). 20 years ago my line had 30 people making about 150 auto windshields an hour. When I retired, 12 people were making about 200 windshields an hour.
I feel for those workers been there I was laid off and went on strike! So I know what it is to be without! You ever hear of the saying When one door closes another one opens. I bet 99percent of those workers can’t afford your fucking 100000 dollar bass boats they are more worried about putting food on the table!
You hit the nail on the head. This goes for everything that was bought during the 2020 era on. Companies are still saying they are short on parts so they can keep the prices up on their inventory. When the truth is they are not short. It will catch up with all of these companies and the lay off will happen.
@@FishPoint-WithJoeMichels The Covid "Stimulus" bill when Congress printed 7.5 trillion dollars out of thin air was the end of America. Now all that 7.5 trillion went straight to people that were already billionaires.
I appreciate you. I bought Suzuki outboards based largely on your videos. I’m in Oregon so I obviously didn’t get them through you but I appreciate your input and watch all your content. You’re a real guy living in a real world doing your best to help us that aren’t in the know.
I’ve have 32+ years in the RV industry, both on the factory/wholesale side and retail side. Both industries use Stat Survey’s for their market reports, these show market share, prices paid, size of unit purchased, month over month, year over year, etc. stats. RV’s like boats are an important economic indicator for the health of consumer discretionary spending. They have been indicators for decades and will continue to be. RV factories are reducing production rates, laying off employees, cutting back in other areas, finding cheaper vendors, same as boat factories. There are so many other implications of this and what it means, so to say it’s just high cost and interest rates is only partially accurate. Andy is 100% correct in that it’s a good thing, these employees were hired during the boom a few years ago and now attrition plays its part…survival of the fittest. It’s this type of action that will cause the factories, boat, boat motor, rv’s to realize their greed over the past few years is coming back to bite them in their butt’s and we, as consumers will benefit with eventual lower prices. However, it won’t be a sharp decline, they’ll decontent, take features away, to get to the desired price points. Also, keep in mind many of the pandemic purchases of boats and rv’s were people wanting to buy, but it pushed their timeline up so now they’re off the market when they initially had planned to be in the market. Additionally, interest and price does play a part, but payment buyers are just that, they get their desired payment and they will buy, high price doesn’t play as large a roll. As for blame it is purely and singularly manufacture greed… no different than most any other industry but since it’s tangible, and if we’re watching this we have an invested interest, we notice it more…The only way to combat it, is by what human nature tells us to do-vote with our wallets. On a last note, these industries are cyclical, been this way for decades, so prices will correct, but won’t happen overnight like we want it too.
Ive been in the hvac and construction business for a little over 20 and i see it slowing down fast. The sales guy at the supply house has been in the business over 30yrs and he said last year was the worst year hes ever seen and this year is looking like it gonna beat it. For the record a new residential hvac system is costing you about 40% more than it did just 2 or 3 years ago. Same goes for plumbing, electrical, and roofing.
@@Tom_PoFolk I work for one of the OEM HVAC companies and on the Sourcing side...prices are going to go up due to the stupid new EPA regulation regarding the refrigeration change that goes into affect in Jan 25, just the sensor alone adds about 25bucks to the cost of the unit, that doesn't include all the other changes to the units to accommodate these changes....So dumb! Drives me nuts
@Striddefishing78 ya its complete bs. When they went to the seer 2 units its ran the price up and now this bs refrigerant is gonna run it up more. There's no need for it bc the difference in efficiency really isn't much and def not worth the price difference. I put in a 3 ton unit a couple weeks ago right next to a older 5 ton unit and the 3 ton was bigger lol. Nothing but a money grab. Ive been telling people they're prob better off putting in window units if they don't have the money. And its prob more efficient since they can zone out their house with them and spend less than $1000 if they find them on sale.
This isn’t solely manufacturer greed. They sell for what the free market will bare. Every industry does this. The last 2 administrations spent 16 million dollars and now we have to deal with the inflation. To quell inflation the FED has raised rates. This has also slowed the purchase of toys like boats. Wages need to catch up and manufacturers need to find the price point that will move product. This slowdown needed to happen. I can’t wait for quality boats for the regular guy in the 20-40k range. The future is bright.
We were in the boat manufacturing industry and a Merc dealer long ago. Now we are happy to be out of this crazy business. Since then Merc’s overly aggressive marketing has turned us off. And when we discovered there were two types of bottom ends , a big foot for the tourist operator and a cheaper breakable one for the recreational boater , we left for good. Planned obsolescence which benefits only the dealer over the winter. We now use Honda engines exclusively and they have never failed us! Going on 15 + years now. Yamaha is good also. Both companies really support and service their customers. North American industry has a lot to learn in making a quality product and what customer satisfaction means.
Market corrections are not a bad thing, when you drive through Lebanon, MO. The white river side of I44 is boats for miles. When you look to the south side, there is nothing on the lot. G3, Landau, and Lowe lots are empty.
Inflation, interest rates, and coming off the COVID boost is creating a huge ‘deflation’ of recreational spending! Several big manufacturers are going through layoffs….White River Marine (Bass Pro) just laid off about the same number of employees from their Tracker facilities…it’s not just the recreational/outdoor markets either…in my business we are seeing the same in all industries…gas/oil, pharma, aerospace, etc etc etc As you mention…hopefully the cost of a new boat finally comes back in line…and the quality starts to improve!
Labor rates might be high but Labor pay in way down compared to at anytime in the past. The lifestyle a person could afford 20yrs ago is cut in half compared to today. Also im in the hvac and construction business and its slowing down fast. Sales guy at a supply house has been in for 30yrs and said last yr was the worst hes ever seen and this yr is on track to be even worse. Shits gonna get really bad here soon.
Inflation caused by over spending the past 3.5 years is the root cause of all our problems. When they over spend, they print money. Printing money is the ONLY cause of across the board inflation.
what keith said below. the prices of all things outdoors is to high. it has gotten to be a rich mans sport. i hope this finally falls back in line so it can once again be affordable for the working man to chase a dream.
Love my Yamaha. Won’t own anything else for the foreseeable future. Also done with Johnny’s boats also. Just bought a skeeter and I’m not looking back!
A company as big as Mercury at any given time there are probably 300 sorry employees that need to be fired. They just let them accumulate and fire them under the guise of a "layoff". Corporations do this all the time.
Anyone ever consider all the shitty employees are bc most companies barely pay a living wage and the lifestyle a given income would afford you 10, 20, and even 30yrs ago isn't even comparable to today's standards. Is it lazy people or people just don't care bc they're not really happy. I know everyone says you can work hard and move up but thats just not possible for everyone. Some people just aren't as intelligent as others but that doesn't mean they should have to live in poverty.
@@Tom_PoFolk If shittiness is accepted....pretty soon it will be the norm. No company will stay in business that way...with the exception of the federal government.
@@Tom_PoFolk Not sure what your point is? When does the govt spending and money printing stop? Those unintelligent workers, as you put it, just took a 34% pay cut the last 3 years. No way Brunswick is going to subsidize this stupidity and go broke.
@@Tom_PoFolk have you considered some pay the employee what their value is to the company? If you don't provide work equivalent to a living wage, whom is at fault. The lackluster worker, or the employer? Not all deserve a living wage. That is an indisputable fact.
Bought my Caymas CX19 as a 2023 leftover. Great pricing due to factory incentives. Also upgraded Jeep Wrangler to a 2023 Jeep Gladiator. Same deal. Incentives due to leftovers sitting on the lot. They're out there and if you have the cash, can save $$. No need to spend $100,000 on a new bass boat.
I own a 2023 Yamaha 252SE jetboat. Love the boat. The Yamahas are riddled with quality/ warranty issues due to the problem you have highlighted in your video, Andy. My boat has touch screen issues and it will probably be a year before I get a warranty replacement. I hear Yamaha has 300 new boats sitting at their facility that are wanting for touch screens. Hopefully things turn around soon for the industry.
I get with what you said in your video. Warranties are for the manufacture not the owner, they will try every trick in the book to get out of paying for warranty problems, especially for big ticket warranties. 40% of the household pay check today just goes to mortgage payments, homeowner insurance premiums, car insurance, electric, and water. People cannot keep paying a 19% inflation for food, cable, cellphones, etc. etc. People are saying screw them boat manufactures, we just can't afford a boat or their jacked up new boat prices today.
Bring back Bumblebee Procraft,Glasstream,update the transom steering cables. Fishing Reels and Rods are to high.Gas and oil to. Higher Boat's mean Higher taxes and insurance.boat parts have gone up. The people that sale boats don't care about the buyer.they have 15 years financing you'd be better off investing it and go a different way.
I was on vacation in northern Wisconsin and saw the elusive Rotax outboard and “pontoon“ boat. I thought it was like seeing Bigfoot, never thought it existed but then there it was. Wish I could post a picture.
They are closing down the shipping side in Fond du lac. Since they have Indianapolis complete open now. Talked to my sales rep and that is what is going on.
I was thinking about getting into boating for the first time this year, but sticker shock is real. Especially when I compare boat prices from 5-6 years ago, so I think your take is spot on.
Andy, I work at a Merc plant and can tell you that getting back to the core quality employees is probably a good thing. I cant give specifics, but there are still more people there now than prior to covid so this isnt a giant loss by anymeans.
I'm looking at buying my first boat and found a clean used one from a dealer that now owns the boat brand (Haynie). My main reason is the price I pay to get started can be paid off in a reasonable amount of time instead of basically taking out a second mortgage. Plus I can always repower the boat a few years down the road once I know I'm going to use it and still come out paying less overall than if I went for a brand new one.
I like the story behind the logo. It shows the dedication and shows how passionate u are about this industry an u try ur best to actually help people instead of always looking to see how u can get over on somebody. If I didn’t live in MS I would definitely use ur shop if I was halfway close.
Andy do you think a 15 or 16 ft bassboat, like we had back in the 80’s, would sell today … Hydra Sport, Skeeter, Ranger? 50-75 HP w/12-24 lithium tm? Significantly lower … as you mentioned. One more thing. I love your transparency. All the best to you & your business.
It wouldn't be significantly lower though. The fiberglass part of a boat is the cheap part. Seats, pumps, switches ect are all on both models and cost the same. Couple that with the reduced capability, poor ride and lack of storage, many wouldn't be interested on one. Those that would be are probably already in a tin rig which these days is virtually the same thing. I've been in my 17 glass rig for 25 years now so its a situation I'm very familiar with. Life has gotten in the way of upgrading it, no way would I ever want another like it
It’s still on the table. We had 4 employees leave this year so I need to be around more to work and oversee operations. Maybe this fall we will get down there
It’s happened in my area already. My banks loan officer told me at the height of COVID, she had written more RV and boat loans in that year than she had in the previous five. It showed at campgrounds and lakes around here, and on Erie. I’m now seeing RV’s and boats for sale that are a few years old. The peak is over. I don’t feel it’s a bad thing either.
Last yr i was looking to buy a new bass boat. They were hard to find and prices were high. This yr i started looking again and they have way more inventory and the prices came down a couple thousand. Then i look at the used boats people are selling and idk why anyone would pay what people are asking when you could spend about 5k more and get a brand new boat and better financing if you wanted to. Heck some of the used boats people have priced higher than new.
Agree we need the industry to get back to good quality on boats and motors. Motors and boats back in the late 80s and 90s was well build. Same thing with houses better build and hold up to storms here in Florida. Sure this is going to make the market better for us the consumer at the end.
Also, if you look in electronics, Humminbird has really good rebates on helixes and solix. Not to say anything about mega live and target lock have good deals into the end of the month. So does Garmin and Lowrance.
Andy mentioned it a few times, "you are just gonna have to get used to waiting". Problem is IMHO that younger anglers have had instant information, entertainment and communication for so long, the idea that they have to wait to get something.... might cause a meltdown. Same goes for people with indispensable incomes, they just don't want to wait. "Oh i cant get this now, okay frack you!!! Ill go somewhere else then that knows how to treat a customer."
As someone looking to buy my first big boy bass boat (20ft).. Should I look to avoid 2020-2022 models? Should I go a little above my initial budget and capitalize on lower new prices/rebates? Or stick with used?
They are definitely experiencing the same thing. It’s not just a mercury thing. It could be 2-5 years, or even in the close future here. The only thing going for them is that Yamaha and Suzuki doesn’t just specialize in “outboard engines” alone.
What goes up..........must come down. The average working man can't just go stroke a check for 120K for a bass boat........nutz. I think this is why there are more aluminum boat options, and the glass rigs are offering better "package" pricing. I hear Phoenix is making the 721 ZXL model with a wider front deck, 2 - 12" graphs, trolling motor, and power poles for around $76K, dealer prep not included. That is a great deal.
I would like to see you interview a reputable Evinrude dealer that sold new and still services G2s as well as another brand of engines because my dealer still has great things to say about the G2 and in my area the people who have them absolutely love them and are blown away by the hate they get. It just dosent add up to me. The G2 is complex and had some issues on re powers with old steering and fuel systems m, but on new boats they have been good. And the performance can’t be beat. Good video by the way, I gave it a thumbs up 👍🏻
Outboard went from $14k to $25k of course they are going to lay people off . The price of these things went insane when quality dropped . New 250 lower unit is $10k . They are high ! I have had 6 mercury outboards there won’t be a 7th .
My 1984 Tracker and the worn out 2000 Mercury 25 hp are still catching fish. Sure, we priced a new Tracker with the slick paint and new carpet at Bass Pro and it's just not worth it. A new payment for 15 years when what we have works isn't smart at this point. I just spent way over $1000 on just restocking lures and terminal tackle. What is going on, Joe?
I'm going to repower soon, and Mercury is on the top of my list Currently have the Evinrude 250 etec Also, I will consider Yamaha Should I stick with Mercury or go with Yamaha 4:11
There will not be better quality products! There are multiple cost reduction projects happening to increase profitability. Therefore cheaper components going into finished goods.
Yep. The old days of privately owned companies that would sacrifice a little profit to make sure they produced a quality product or to keep their employees working are over. We live in a world ran buy Corporate entities. And those entities were given the same rights has individual people when they passed the "citizens united" bs back in 2011.
I love you can articulate your receipt moment that made you, you. Your always genuine an even though i run an evinrude i still livk your content. Im an evinrude maintenance nerd that runs a seark im just tryin to keep my stuff running until it wont. Then ill repowere suzuki
Quality does need to get better. And likely will with the slow down. But totally disagree on scaling back dealer inventory. Maybe just a little. You need a reasonable amount of inventory for that impulse buy. I also personally would never order. I buy what I see... Seen too many people order campers, boats and snowmobiles wait the 3-6 months. Just to show up for delivery and find what they ordered isn't exactly what they wanted. Not to mention knowing someone who wait for a boat just to show up for delivery and find the gel coat was horrible. Do you really want to wait for another 3-6 months. I would be pissed. 🤬🤬👀👀.. Love this channel
mercury profited over 233 mil so far this year vs 263mil last year this same time frame. They are building a 20k (there cost) engine and selling it for 60k or even 40k..its greed or its them just trying to get every dime they can while they can because the market will settle it out in the long run
Lean sick sigma. Squeeze every dime. Screw the consumer. Manufacturing in China and Mexico. Mercury doesn't exist. It's Brunswick now and Brunswick sucks
@@TeamMarineService I understand and forgive. My point is that your argument is damaged by your presentation. Why loose some of your audience because of something you can change? Is anyone saying they won’t listen to your point unless you swear?
@@alexhoule2343 Sorry you feel that way. Language is important to sharing ideas. Apparently your approach is to spit in the eye of people who disagree with you. Not the best approach to life. Sad!
I d like to find out what happened to Triton boats. Went by the factory (Hwy 5, Midway, Ak.) and the doors were closed. Bass Cat is still there right behind where Triton was, Ranger is still on Hwy 178, in Flippin, Vexus also still in Flippin, but no Triton. Did they really close the doors or did they move? I live in Lakeview, Ar. in the middle of all these boat factories.
Suzuki is eating there at lunch in the re-power market. Everybody in my area is buying Suzuki’s because they’re a little bit cheaper and they have financing.
I could not be happier with my 8 year old Evinrude G2 it’s a fantastic motor. Not sure why all the hate. Properly rigged with all the updates they are as reliable as a Mercury
@@JR-ho5qm 2018 300 with XXL gearcase. It's an amazing motor, just they shat the bed trying to reinvent steering. That was their blunder, tbh I think they got sued into oblivion when the steering failed and killed people
Andy you do a great job telling people the real story about shit. A lot of companies hired people that had no idea what the hell they are doing and don't care to do it right. I am retired an see the people that replace me they don't know what a wrench is with the phone they can't do shit. Great job Andy keep it up love your stuff.
The wages you made and the lifestyle those wages afforded you are gone. So idk if the problem is lazy people that just dont care or it people that don't care bc they dont get paid enough to care.
Deep sea fishing is slowly dying. I remember seeing bus after bus going to fish up north(cape cod). Now it’s five guys and van. These boats are still overpriced even at 80k and industry understands that. Everyone is trying to get rich, slip fees, electronics, engine services, hull maintenance for manufacturing defects, fuel, paint, accessories
A manufacture will not get the quality up just because they sell less. The quality will get better if they buy better core products. The employees don't care and the manufacture will continue to make dealers take minimum line products to sell there products. I think the products will still remain the same they will not get better especially when companies have to make investors happy and a loosing profit margin will not make a companies investors happy so they CEO will continue to cut corners and it will still be same quality at a lesser price. IMO.
I look forward to your videos and hope I can shake your guys hands one day! I’m an Air Force veteran and if I’m ever in the lacrosse area could I please come say hi and thank you guys for all you do for the boating community? As always thank you Andy and crew, and as always… SPEED, MONEY, NO BRAKES! 🇺🇸
