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Marine interest rates top 9%, quell consumer appetite

Boating industry promotional activities tick up for dealers, OEMs

Johnnie Martinez IIbyJohnnie Martinez II
August 3, 2023
in Earnings, Powersports Finance News
Reading Time: 6 mins read
0

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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