Top

Tax Reform Inaction Stalls Boat Dealer Optimism

  Print Print

December 11, 2017 by   Comments Off on Tax Reform Inaction Stalls Boat Dealer Optimism

Marine dealers say government inaction was the single biggest factor in demand for new boats as the industry awaits tax reform — however, dealers didn’t rank it as impactful as they did last year or in 2015.

“Favorable tax legislation, if passed, should improve consumer confidence. If not, it could produce a negative impact,” said one dealer in the monthly Pulse Report conducted by the Robert W. Baird firm, the Marine Retailers Association of the Americas, and Soundings Trade Only.

“If Washington does their job, maybe we’ll see another boost this spring,” said another dealer that participated in the survey.

Marine retailer sentiment based on conditions decreased sequentially, from 77 to 70, and dropped from 76 last year. The three- to five-year outlook also dropped, from 78 to 75, and relative to last year, when the longer-term outlook was 80. Seventy-three dealers participated in the survey.

For the full story click here.

[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]

Comments

Comments are closed.

Bottom