Boating Industry Canada October 2015 - (Page 12)
Canadian Marine Industry
August 2015 Update
Commerciial Distribu
b tio
i n Finance Ca
C nada (CDF) is
i plleased to
t provide the lattest ins
i ta
t llmentt in its
t series
i off in
i dustr
t y review
i s. As
A a
result of its longstanding and unique position as a leading provider of financial services to the Canadian marine industry, CDF
benefits from access to relevant information on
n the state of that industry. As a lender committed to serrving the Canadian
marine industry, CDF aims to continuously share developments it observes in the global and Canadian economies and its
impacts on the marine industry.
YOY Volume % Change
g (YTD @ Aug
g 31
3 )
Reg
gional View
The global and Canadian environments are experiencing great volatility as the falling oil prices impact various components of
the economy. Meanwhile, the forecast for the Canadian dollar relative to the U.S.
U dollar remains uncertain through 2016. While
we are keeping a close eye on these macro tren
nds, CDF has been working with marine dealers in Canada for over 45 years
through various cycles, and we remain confiden
e t that dealers are adjusting to this new reality and making smart and
thoughtful decisions based on their regional market dynamics.
g a 6% decline in
When comparing year-to-date figures to the same period in 2014, CDF iss observing
n Canadian marine
a kets, with the exception of BC where volumes
wholesale shipmentts in its portfolio. This trend wa
w s visible in all regional mar
increased year-overr-year. The general consensus from &')·V dealers is that this recent volume trend is a reflection of dealers
pro-actively adjusting their ordering patterns to account for the level of aged inventory that has carried over and a decreased
level of retail sales. Also, uncertainty in foreign exxchange rates is causing some dealers to be more cautious as to the timing of
when they order new inventory.
g 31)
YOY Liquidation % Change (YTD @ Aug
Regional View
Despite the strong headwinds, liquidations are onl
n y down 2% overall, indicating that dealers are ad
djusting their buying
behaviours. As volumes decrease and liquidations
n stay relatively constant, oustandings are coming in line and dealers
are finding equilibrium.
12
Boating Industry Canada
OCTOBER 2015
Table of Contents for the Digital Edition of Boating Industry Canada October 2015
InsIght
Industry News
GE SpotlIght
PRODUCT FOCUS – IBEX SHOW 2015: IBEX 2015 was a treasure trove of new products and Boating Industry Canada brings you the show coverage plus a number of video interviews. – by Andy Adams
Ad Nauseam
IMPACT - MARK BRUCKMANN: A long overdue profile on Bruckmann Yachts, at the heart of Canadian boatbuilding since the dawn of fiberglass. – by Andy Adams
MADE IN CANADA – MARSKEEL: For Mars Metal of Burlington Ontario, it’s what’s on the bottom that counts and their MarsKeel diviosion has established itself as a global leader in lead ballast keels – by Glen Cairns
MADE IN CANADA – VOYAGER: Voyager Self Steering Inc. was founded by Peter Teitz, a Canadian sailor and retired machinist/patternmaker living in Kitchener, Ontario. – by Glen Cairns
Boating Industry Canada October 2015
https://www.nxtbook.com/kerrwil/boatingindustrycanada/february2017
https://www.nxtbook.com/kerrwil/boatingindustrycanada/december2016
https://www.nxtbook.com/kerrwil/boatingindustrycanada/october2016
https://www.nxtbook.com/kerrwil/boatingindustrycanada/august2016
https://www.nxtbook.com/kerrwil/boatingindustrycanada/june2016
https://www.nxtbook.com/kerrwil/boatingindustrycanada/april2016
https://www.nxtbook.com/kerrwil/boatingindustrycanada/february2016
https://www.nxtbook.com/kerrwil/boatingindustrycanada/december2015
https://www.nxtbook.com/kerrwil/boatingindustrycanada/october2015
https://www.nxtbook.com/kerrwil/boatingindustrycanada/august2015
https://www.nxtbook.com/kerrwil/boatingindustrycanada/june2015
https://www.nxtbook.com/kerrwil/boatingindustrycanada/april2015
https://www.nxtbookmedia.com