Palm Beach International Boat Show hopes improvements buoy buyers in soft market
By MEGAN V. WINSLOW
Daily News, Saturday, March 21, 2009
According to the most recent research by the National Marine Manufacturers Association, a nonprofit in Chicago, new powerboat sales fell between 25 percent and 30 percent in 2008.
"Buying continues to remain soft during the first quarter of '09, but we are selling boats," said Thom Dammrich, NMMA president. "We're just not selling as many as we used to."
.... Tim Johnson, a broker with Palm Beach Yacht Brokerage on Royal Palm Way.
At this year's show, Johnson is representing four clients, each seriously considering the purchase of a large motor yacht.
It's a challenging time for the business, but buyers have the benefit of dealing with a number of motivated sellers, Johnson said.
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