Arctic Cat layoffs etc.

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lolrecsales

Member
elf said:
Every powersports manufacturer is struggling right now and letting people go. I listen in to the Polaris earnings call and they've reduced salaried headcount by 5%, along with hourly reductions. BRP is selling off Sea Doo. Huge incentives to buy 1-2 yr old models, reduced 2025 build schedule to limit dealer inventories and help them sell thru. Its a tough time to be either a manufacturer, dealer, or even investor in those companies right now. PII stock at $65/share when last year at one point it was $130. We need 3-4 years of good snow and lower interest rates to start driving demand again. Or maybe another pandemic, that worked last time:)
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The Marine offering by BRP does not include Sea-Doo...........fyi
 
E

elf

Well-known member
lolrecsales said:
The Marine offering by BRP does not include Sea-Doo...........fyi
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My bad, I saw that and wondered why they'd sell Sea Doo as it seems like a market leader.

The marine business is another crazy overpriced business. Prices for new boats, pontoons, etc... are nuts. $200K for a ski/wake boat, $100+ for a pontoon. I saw a Bennington pontoon advertised on Marketplace for $279K.
 
pclark

pclark

Well-known member
garageguy said:
Most people just can't justify spending money on big ticket recreational items. Boats ext. The Bidenomics is really hurting most people with this rampant inflation. More layoffs are coming, the problem can no longer be downplayed as transient. It's here and it's done lots of damage to people's discretionary spending.
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Spot on, I do see prices on used sleds coming down, used boats are still high, real estate is insane. People just trying to live, keeping their older toys unless unaffected.
 
H

Hoosier

Well-known member
I think everyone is missing the shut down doesn't affect the sled production but the dirt side. I'm definitely not defending textron's product on the dirt side - they have fallen behind. They got out every sled they planned to make this year. And if they didn't go crazy with production it was a good idea. It's going to hard to sell with all the doos and poos sitting in crates.

I for one hope Argo ends up buying cat. Many of those who have innovated at cat in recent years are now there. Textron is just another big corp.

This comment isn't related to this thread - this "best economy ever" hasn't been all that good for the bottom 80% of the country. That's eventually going in impact toy buying.
 
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