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Boat sales weaken as marine lenders report stable credit quality

MarineMax same-store sales declined 5.7% YoY

Johnnie Martinez II

U.S. retail boat sales weakened through September as elevated financing costs and vessel prices weighed on demand, although marine lenders continue to report strong borrower credit quality.  Despite weaker sales, marine loans continue to perform well, Mike Stodolak, president of the National Marine Lenders Association and executive vice president of retail banking at Independent Bank, […]

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