I have been trying to figure out over the last few weeks what is going to happen to the sportfishing boat manufactures over the next few years.
Especially aluminum boat manufacturers.
Since reaching an all-time high in July at $3,375 per tonne, the price of aluminum has tumbled to a more than five-year low around $1,440.
Tis was the reason I heard Lund introduced there glass line last year.
In this economy how are they going to sell all the stock they manufactured at the higher prices? and can they even survive for the next 2-3 years until the economy recovers and people start buying the new stock at the deflated values of the aluminum prices.
I am no economist but I can't see many of the aluminum boat manufacturers surviving this.
Maybe someone out there, a dealer or insider can answer these questions?
Darren