Sportcraft Marina

[clayhubler]

I noticed that Sportctaft wasn’t listed as a dealer on the C-Dory website and I called them up and confirmed they are no longer a dealer. In fact there are only a half dozen or so dealers in the states. I hope C-Dory isn’t going the way of the dodo.

[thataway]

This is the nature of the C Dory business plan. I am not in close association with a dealer currently, but have been. in the past, and heard the reasons why a dealer dropped a line. Generally it had to do with the "flooring" of products. Basically a dealer has to "buy" a boat to display as required by the factory. The dealer then has what is called "flooring costs"--and many take out a loan from some company like Essix credit. The rates of credit flooring plans have gone up recently--and the dealer has to make a decision if he can make enough money on the sale to make up for the flooring costs, pay his rent and feed his emplyee's families. Car dealers do similar, but they have large turnovers--not so with C Dorys.

If you look at the dealership, they are pretty well distributed. I don't see any risk to the brand. However if we have a recession or depression, boat sales will tank, and no predicting what will happen then. Our local (multiple dealerships) boat dealers in Pensacola have hundreds of boats unsold--and some of those will go out of business if we have a "stop" to boat buying.