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Sea Ray 370 Named 2012 Boat of the Year

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    MarineMax CEO Bill McGill on who is buying $550,000 boats.

  • Duration 4:51
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Fox Business Network -- covering the -- Miami international boat show generates millions of dollars in business for companies are involved in the local economy and Cheryl Casone is there.

Forests and she joins us once again -- Good morning -- and why.

Does a little over half of nine dollars by you when it comes to a luxury boat.

I did this this is a three -- -- 370 and this is actually.

-- 2012.

Boat of the year.

A couple of things about this boat engines are running right now believe -- -- we're gonna say that just a second but I want every adult ago he's the CEO marine Max and he actually helped design.

This boat along with the manufacturer Brunswick and bill he must be really proud of this -- this not only was your baby but it's the 2012 but -- -- at the -- that -- What thank you Caroline also -- innovation award period for the show we issues pretty incredible -- know what is so special about legal appeal not at nine dollars per.

For power boat certainly.

That customer that is coming in and buying this type of book -- saying interested in ordering this -- This year -- -- Acela it was selling it to all demographic expert primarily it's family members.

We get families that are saying -- -- when it connect to it not only myself out -- the water but also with -- You know my kids and friends and this -- -- -- so it's about you can go out and sleep for very comfortably.

So around a little bit because you've got like is this is this kind of material is this right and vinyl but these are -- so -- swings out of the way -- so you can son had.

Exxon made on the back all of these kind of flip up and down -- -- is what you're saying that lots of seating around the we're doing something kind of unusual -- that is the Galley is out.

If you ask my wife to go down in the cabin -- coaches say well when you're done any -- it Galley is actually here.

Others will still -- -- you can actually grill steaks or do cooking outside here.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- So for -- don't.

The things that that happen over the last year and this has affected by it -- a little -- was the fiscal -- negotiations don't.

In particular.

There was a lot of concern and other taxes are gonna a lot Texas did go up for a lot of this high in -- I'm assuming that's the person that's gonna spend 550000 dollars.

On a boat.

What we're hearing from our consumers you know we're at the boat show right now we've been but it shows all across the country.

In what we're hearing is well I know what we got and I I know that the taxes have gone out.

And our customers are saying animal -- -- that as long as I know what it is I can manage through it.

And most of our customers it's not an issue.

All right let's let's go over here because we -- bring Daryl in that this -- and patiently standing by one of the surprising things about this -- and this but the technology comes in with the engine has been running the entire time on this boat listen to doesn't put -- -- of another check this out.

That is a power boat engine.

I mean this is that this is -- how pretty it is not.

It's 37 feet it's outboard power in it's the first.

Sport cruiser on the market ever that's a total outboard power but they're enclosed and hidden so you're not having to see and so the swimmers in the back -- an example.

When you get in debt -- swimmer whatever it is they're propellers are out of the way the engines raise up out of the water so that's a lot of real advantages here with network power.

And and that's kind of the big thing if the show this year is to have this type -- -- Covered in the back of the bus -- well we're the only one that rally is set and it started happening here innovator of the year -- you're absolutely right okay -- sites to say you know you went public back in 1998 -- you -- we we cover a lot of big companies manufacturing companies that you are true.

Manufacturer.

In the United States and you've been at this for almost forty years feeling right now about being a business.

In the United States right now I got a drug experience.

Well we're being really get that -- retailer we get 53 locations and what's neat is our customers are still -- voting.

And we take -- voting -- we can't get away trips and what we're saying is they didn't quit but -- and that they're still passionate about this recreation is I am personally in.

We realize that we truly change peoples' lives by this thing called by the.

I know you're all about the daily -- -- the CEO of course of marine Max -- coming up Dustan McCoy is going to be here he's the CEO Brunswick.

Largest manufacturer that actually the ones that are also working with people out like bill it a lot of -- that one of the top accompanies the role boat manufacturers top sellers of -- he's gonna be coming up.

In -- 2 o'clock eastern time hour.

Markets now on Fox Business so -- -- glad to tell you I think it got the short end -- -- today having -- Miami international boat show.

The rain has stopped.

O'clock hour -- -- Cheryl good stuff out of Miami Cheryl Casone at the boat show and I'll -- look at.

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