Weekly 5: Arkansas dealer ordered to pay up in consignment dispute

The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every Tuesday on BoatingIndustry.com.

1. Arkansas dealer ordered to pay up in consignment dispute

Gary Eubanks, owner of Edgemont Marine, an apparently now-defunct Arkansas marine dealership has been ordered to pay $170,000 in fines and restitution.  Eubanks allegedly agreed to sell personal watercraft on consignment for several consumers, but never paid them the money they were owed after the sales, the state attorney general said.

2. Mystery yacht builder considering former Sea Ray plant

Brevard County, Florida, has agreed to offer an unnamed boat company tax incentives to move into the former Sea Ray Merritt Island facility.
The builder – simple identified as “Project Transom” in documents – says it will create 380 jobs by 2018 if it locates its operations there. The company is also considering a location in North Carolina.

3. NMMA: Outboard engine shipments up in September

The National Marine Manufacturers Association reports that U.S. outboard engine wholesale shipments were up 5.7 percent (rolling 12 month year-over year) in September for NMMA’s control group of manufacturers, which represents 95 percent of the market. Total retail sales were up 3.8 percent.

4. Tartan Yachts talks about diversification plans

Ohio-based Tartan Yachts CEO Andrew Tasker talked to the Cleveland Plain-Dealer about its struggles in the wake of recession and the company’s decision to expand into smaller vessels.
The company is also growing beyond the marine industry – using its composite technology for the defense industry and alternative energy, Tasker said.

5. Georgia wants neighboring states to join boating compact

Officials from the Georgia Department of Natural Resources is hoping Alabama and Tennessee will join South Carolina in an interstate boating compact to make it easier to enforce boating laws.
Under the compact, the states would agree to treat a violation of a non-resident of the states the same as that of a resident, which means the difference between a ticket and going to jail.

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