2007 may have been one of the bigger production years during the Reynolds reign of C-Dory. They had moved to the bigger factory from the Kent location and were ramping up to make a lot of boats. Only stands to reason that if that year was the most production that there would be some good portion of those boats on the market. By 2008, the writing was on the wall, and savvy business people were reeling in production. Dealers had more than enough stock as the number of buyers receded. 2009, and the boat market was about 1/3 of what it had been, and C-Dory was on it's 3rd ownership in two years.
I think 3-4 years is frequently a turning point in many boat owners lives... the boat is paid for (if they financed it), they want to move up, down, or out, depending on their circumstances. Out is understandable with the current economy. However, these boats are unique... and desirable; but still a niche. This is just one guy's opinion, but if the Reynolds hadn't ramped up production beyond what the niche market could sustain, I would think that C-Dory would be in a similar situation as Ranger Tugs, with new buyers standing in line for their boats. Not many could have predicted the crash of the boat industry (along with many other), but too much production was more of a hurt than too little at that time.
Timing and circumstances. Perhaps a manufacturer out of touch with their customer base? In a niche market, you can't depend on "built it and they will buy it." You can't try to shove product down dealers' throats. When the dealers started balking, it should have been a VERY clear sign of things to come.
So, all that said, I'm with brother Byrd: buy the boat. Not for the good of the economy, but for the good of oneself. If you can afford the boat without putting yourself in a pinch, for those who "get it", there is little else that will return so much satisfaction. Time on the water isn't expensive, it is priceless.
Best wishes,
Jim B.
(Glad the meds wore off... I'm back to relatively normal now. Again, just kidding - I've been out on the boat!) :wink:
I think 3-4 years is frequently a turning point in many boat owners lives... the boat is paid for (if they financed it), they want to move up, down, or out, depending on their circumstances. Out is understandable with the current economy. However, these boats are unique... and desirable; but still a niche. This is just one guy's opinion, but if the Reynolds hadn't ramped up production beyond what the niche market could sustain, I would think that C-Dory would be in a similar situation as Ranger Tugs, with new buyers standing in line for their boats. Not many could have predicted the crash of the boat industry (along with many other), but too much production was more of a hurt than too little at that time.
Timing and circumstances. Perhaps a manufacturer out of touch with their customer base? In a niche market, you can't depend on "built it and they will buy it." You can't try to shove product down dealers' throats. When the dealers started balking, it should have been a VERY clear sign of things to come.
So, all that said, I'm with brother Byrd: buy the boat. Not for the good of the economy, but for the good of oneself. If you can afford the boat without putting yourself in a pinch, for those who "get it", there is little else that will return so much satisfaction. Time on the water isn't expensive, it is priceless.
Best wishes,
Jim B.
(Glad the meds wore off... I'm back to relatively normal now. Again, just kidding - I've been out on the boat!) :wink: