Speed Boats & Jet Ski's are cheap to purchase but considering their size they are very expensive to run & maintain. There are no charter options available for small water crafts so covering up the maintenance by charter is virtually impossible..
In many countries like Canada, USA, New Zealand, millions of gallons of fuel is consumed EVERYDAY! The USA alone consumes 400 million gallons of gasoline every day. This red hot demand for gas has pushed gas prices to record highs. For a person who owns a Rolls Royce or a Mega Yacht, money isn't an issue. Rise in the fuel price doesn't make any difference to his pocket. But the hike in the fuel price has affected millions of middle class world wide as well as the speed boat and other small water craft industries.
In $ powered countries owning a small water craft is not a big deal. Loans & finance options are easily available and this makes the whole process of purchasing a boat very easy. Small boats are mainly used on weekends to spend some quality fun time with family or friends. But for boat owners, the cost of fuel is keeping many motor boats moored to port.
Companies and local dealers claim a major fall in the sales of boats and other water crafts since the hike in the fuel price. They are forced to give a huge discount on the boats to keep the sales rotating and thats affecting their income. Resale market has also been affected. The Sailing Boat (wind powered) industry has boomed as the price of the fuel keeps climbing.
Jul 10, 2008
Hike In Fuel Price Hits Speed Boat Industry!!
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2 comments:
What can be a solution for keeping speed-boat sales positive?
Nowadays a lot of the speed-boat makers are giving a fuel allowance for an initial time period...this is a good 'current solution'...
But looking far ahead...definitely power-sources like Bio-Fuel in today's cars or other superior alternatives would do good.
These would be the need of the hour in order to keep the speed-boat ALIVE...and our Need for Speed KICKING!
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