Sales of recreational power boats in the U.S. may decline by more than 20% this year, as consumers continue to avoid purchases of luxury items in a weak economy, Brunswick Corp. (BC) Chief Executive Dustan McCoy said Tuesday.
McCoy said power boat sales volume may fall below 150,000 units from 196,000 boats in 2008. Brunswick, the world’s largest producer of recreational boats, has been aggressively paring back its production in response to the falling demand.
The Lake Forest, Ill.-based company has eliminated seven boat brands…Â DetailsÂ
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