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Marine interest rates top 9%, quell consumer appetite

Boating industry promotional activities tick up for dealers, OEMs

Johnnie Martinez II

Rising interest rates are dampening consumer demand for boats and pushing down sales at marine manufacturer Brunswick and marine retailer MarineMax.   The retailer’s finance and insurance (F&I) product revenue declined in its fiscal third quarter as marine dealers remain cautious amid rising interest rates and macroeconomic uncertainty.  F&I revenue declined 5.4% during the quarter ended […]

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