Boat prices are up 10% this year as demand increases.The same shipping industry woes are to blame for shortages on other goods like lumber and furniture.Boats are becoming more expensive and harder to find across the US, from small vessels to large yachts.
Boat prices are up, and customers are left waiting months longer than anticipated for their purchases. In Michigan, which is a hub for boaters due to the surrounding Great Lakes, one dealership is displaying signs warning would-be customers to"Buy now before they are gone,"The state's largest pontoon dealer has only one new pontoon for sale, and the sales manager spoke of"inventory shortages" to WXYZ.
For customers looking to buy new, wait times start at three to even six months, or longer for specialty or unusual orders. Even the rich aren't immune to shortages as yachts in particular become harder to find."People just aren't putting their boats up for sale," Charles Corbbishley ofHe says buyers for new boats are on wait lists that go through 2023.
Like many shortages going on right now, a few causes converged to make boat buying difficult. Boating saw a rise in demand at the beginning of the pandemic that has continued since,
TranspoInsider PPP money getting put to use
without security andor tax reasons unnecessarily costly tosome perversion horror realms
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BuzzFeed - 🏆 730. / 51 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
60% of millennials earning over $100,000 say they're living paycheck to paycheckBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Is this news? Doesn't living paycheck to paycheck mean you spend almost as much as you make? Whether you make $40,000 or $300,000? Anyone have a small violin? That's a laugh. Living beyond your means, anyone?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: NBCNews - 🏆 10. / 86 Read more »
Nearly 40% of restaurant owners couldn't pay rent in June, new survey findsBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Why would you do a national survey on this given the varied approach to handling COVID multiple govenors have had? My guess is that the results are not great for your narrative. Same in India Might have been a good idea to focus the pandemic relief money to these type of companies and their employees who lost customers.
Source: BusinessInsider - 🏆 729. / 51 Read more »