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TiltonBB · 07-12-2010, 07:07 AM

One of the reasons that marinas all over the country (Winnipesaukee included) have cut back on new inventory is the high cost of floor planning. That is the interest paid on inventory until it sells. Any dealer that does not pay cash for new product must finance it through the manufacturer or large commercial finance companies like G.E Capital.
Because sales numbers are currently much lower than in many previous years the additional cost to have that brand new boat in your showroom for 12 to 18 months has a significant impact on the bottom line of any marina. That carrying cost is the primary reason why many boat, automobile and R.V dealers are reducing their inventory.

07-12-2010, 07:07 AM	#15
TiltonBB Senior Member Join Date: Feb 2005 Location: Gilford, NH and Florida Posts: 2,908 Thanks: 645 Thanked 2,162 Times in 905 Posts	Floor Planning One of the reasons that marinas all over the country (Winnipesaukee included) have cut back on new inventory is the high cost of floor planning. That is the interest paid on inventory until it sells. Any dealer that does not pay cash for new product must finance it through the manufacturer or large commercial finance companies like G.E Capital. Because sales numbers are currently much lower than in many previous years the additional cost to have that brand new boat in your showroom for 12 to 18 months has a significant impact on the bottom line of any marina. That carrying cost is the primary reason why many boat, automobile and R.V dealers are reducing their inventory.