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National Marine Manufacturers Association President Thom Dammrich on expectations for this year’s Miami Boat Show.
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All right well more than 100000.
People expected to hit -- streets of Miami for the city's annual international boat show.
And as the overall economy makes and -- You know -- to be a big -- as more people are expected to open up their wallets.
For some high priced and high speed toys -- Sony as live at the Miami -- show walking the floors.
Good morning share all of this it really interesting story because this is one of the hardest hit areas.
Both sales -- during their reception is it bouncing back.
Sales are -- that -- -- -- that many you're right now probably thinking that a cruise doesn't sound -- but how about buying.
Your own -- buying your own power about your own -- later on sport -- but that is what is happening.
Here Miami this weekend -- -- weakened as the Miami international boat show.
100000 people expected to -- to the streets of Miami like you mentioned.
And right behind me as you can see the boats are getting cleaned up there all get ready.
For the massive crowds that we're expecting today right here my enemy now -- the man is running all of this amount Fox Business report -- in -- -- -- on beverage national marine.
Association it affects -- and president.
Top of the weather has cleared up but obviously.
This whole Carnival cruise thing -- -- to be in the back your mind a little bit if it's gonna be good for -- this weekend.
Well I think -- get -- get in your own boat you can avoid some of that.
They get let -- talk about the budget part -- -- cells were up 10%.
In 2012.
I know that the projections are like five to 10%.
Boost for 2013.
-- -- and -- by those numbers right now.
Yeah in fact that the early shows a serious buyers are out in force and that I I think we'll at least meet those we could do little better.
-- -- tough when you weren't top of that New York Dutch -- Yes you're talking about the difference to new York and Miami taxes a big piece about -- more local buyers verses -- -- seeing a drop off in the New York buyers.
Well at a Miami boat show is that international show we attracted attendees from 83 countries in all fifty states 43% of the people who come to the show -- from outside the state of Florida but there is a very strong local contingent here to.
The sandy impact of the somebody boats were damaged during hurricane standout -- -- -- -- there's going to be -- new buyers out there -- they've got their insurance checks.
But it -- other ready to spend you think that's gonna happen.
I do we saw that new York and I think we'll see more that again here there were 65000 boats damaged -- -- sandy and -- people are looking to replace them.
-- talk about the buyers that are here because ME we're gonna be out about later on -- viewers know but a lot of the but the buyers coming in or international buyers many of them are coming from Europe about 45%.
The the buyers coming in the Miami -- from all over the world are you -- about that European customer considering that there are being taxed.
So strongly over in Europe right now that they're gonna get continued to spend their people -- Well the good news is that the weakening Dallara of the American products are becoming very attractive to European so.
And we also get a very large contingent of South America.
And let's talk about any of the issue -- that is of course going to be the economy this year.
Those those power but the smaller but it's the 101020030000.
Dollar power -- Do you think there's a reason that that middle boat customers can I come back into the market do think it's because -- economy is improving.
Well thanks -- academies improving yank the housing markets improving at the more the housing market improves the more that middle range vote.
Sale will improve as well.
OK time of the media and it kinda us a lot of fun stuff okay.
Your favorite -- of the show what do you look at at -- sure what's your favorite but right now.
-- you know I I have I have.
A thousand members who produce votes that I I don't really get -- your favorite but I level mall.
That was very politically -- -- and and your answer.
But at the same time -- -- we're -- be looking at some -- later on this afternoon I -- he's got you can order -- it takes months to get these yachts.
It's it's actually get to the customer's supply come out today -- 29 dollars on the odd how much time do I have.
Well you might see that yet about eighteen to 24 months and that's a little too long and -- expectation of a person what about the power but to the -- the -- -- let's look at customers you think you're gonna comment.
And look for those vehicles.
Well I -- data at the the full range of mean -- the typical boat owner as household income of 7500000.
More.
And that -- generally have a Stanley with kids.
And -- -- -- that people it'll be out here today who wanted to spend time on the water with their family are.
Tom damage national -- in -- association.
Giddy fun day it's going to be crowded a deal to save the rain has it looks like at stop signs coming here is that -- -- -- got a pet.
Our top over going to be Citi of course throughout the -- ever -- -- be running around other camera crews and our producers and and they -- today that you're bicyclist -- -- of the day but -- thank you for hosting us here to appreciate it.
At the show and I know behind you can kind of see right now -- you've got this the smaller power boats.
These can be -- can be ten feet they could be thirty feet and then you've got behind you've got those bigger yachts.
And that -- got right there with the red.
Flag over -- that's more of -- sport fishing yacht that's an amazing boat we're gonna be going to some of the buzz.
Like that -- -- also coming -- 8:55 eastern time right with you -- -- -- -- talk with bill -- he is the CEO of marine Max.
They're the largest retailer in the United States that got stores all over the country.
We're going to be talking about kinds of issues with him and also the best selling boat that they have selling this year.
At -- -- state to box this is here all along Miami international.
Boat show back to you -- That cute little center console or behind your -- but -- if you find -- Hinckley is out there is definitely try to bring them on our -- today.
Our -- -- be live up there all day long term -- That have a great time out there and we look forward to your reports all day Cheryl Casone -- -- Angeles the back to.
