FOR THE RECORD
Yamaha says it will defer
dealer interest payments
Yamaha Marine Group announced an interest-deferral program that will allow
dealerships to conserve cash flow through the winter months.
Yamaha deallerrs arre
gettiing an economiic
brreak ffrrom tthe manu--
ffactturerr tthiis wiintterr.
As a retail incentive for boat-show
season, Yamaha also will apply an interest credit to dealers’ GE-Atlanta accounts for eligible Yamaha outboards
sold, retail-registered and paid off in full
to GE-Atlanta during the applicable
deadlines.
Yamaha Boat Companies — Skeeter,
G3 and Century — will also offer an interest-deferral program to their dealers
for eligible boats in inventory, based on
similar terms and conditions.
To be authorized to participate, eligible Yamaha full-line dealers had to sign
up for the program on or before Dec. 15.
Report: Recession
enters its second year
you’re not doing your best job.”
Until now, IPS engines have been
Volvo Penta 4- and 6-liter diesels with a
maximum of 435 hp. The IPS lineup included five different models using diesel
power from 260 to 435 hp: IPS350 (260
hp), IPS400 (300 hp), IPS450 (330 hp),
IPS500 (370 hp) and IPS600 (435 hp).
The engine manufacturer also offers two
gas versions: the IPS500G (375 hp) and
IPS550G (400 hp).
Volvo’s 11-liter D11 diesels provide
the power for the IPS800 (600 hp) and
IPS900 (700 hp). The pods, the drives
and the props are all new — and
around 20 percent larger, according to
Lee. “Not a single component from the
previous IPS has been reused in the IPS
2 pod,” she said.
The U.S. has been in a recession since
December 2007, confirming what
many already have thought about the
economy.
When the economy peaked in December 2007, it marked the end of the
expansion that began in November
2001, according to the National Bureau
of Economic Research. The expansion
lasted 73 months, compared to the 120-
month expansion in the 1990s, according to the NBER.
The NBER’s Business Cycle Dating
Committee, which met Nov. 28 via
conference call, based its assessment
primarily on domestic production and
employment levels. Employment
peaked in December 2007 and has
been declining every month since. Production levels began falling in the last
quarter of 2007, rose slightly in the first
two quarters of 2008, and began falling
again in the third quarter.
Austrian engine maker
wins top prize at METS
At the Marine Equipment Trade
Show (METS), held Nov. 17-20 in Amsterdam, the jury of the DAME Awards
presented its top prize to Steyr Motors GmbH for its hybrid propulsion
system, which allows a yacht to operate in any of four modes.
“We’ve never done anything like this,
but these are unprecedented times,”
Yamaha Marine Group president Phil
Dyskow told Soundings Trade Only.
Authorized participating outboard
dealers can defer the interest due on eligible boxed Yamaha engines in inventory already under interest payment to
GE-Atlanta as of Nov. 25. The program
will “defer bill” the interest on qualified
boxed inventory for November, Decem-
ber, January and February, so the interest doesn’t have to be paid until July 15.
Participating dealers’ normal interest
program will begin again March 1.
“During these tough times, we know
interest expenses on unsold inventory
are a challenge for our dealers,”
Dyskow said. “At the recent MRAA conference, many dealers challenged manufacturers to do something to help.
Well, this is Yamaha’s answer.”
®
165 Holland Avenue
Bridgeport, CT 06605 USA
QUALITY OEM
& AFTERMARKET
PRODUCTS
Volvo Penta sees large
demand for pod drives
To advertise in
call or email today.
PHONE: 860-767-3200
EMAIL: ads@tradeonlytoday.com
More than a dozen boatbuilders plan
to equip boats with Volvo Penta’s
new, more powerful pod-drive system
with joystick steering — the IPS800
and IPS900, or “IPS 2,” according to
the engine manufacturer. The new
Lazzara LSX 92, which will be on display Feb. 12-16 at the Miami International Boat Show, is powered with
four 700-hp IPS900s.
“Besides Lazzara, we have an additional 12 IPS900 projects in various
states of completion,” says Volvo Penta
senior press coordinator Susan Lee.
The company says only four other
builders have made the news official.
Twin IPS900s will power new 49- and
57-foot express fishermen from
Spencer Yachts and a 54-foot Ritchie
Howell Express. Triple IPS900s will
power the Sculley 54-foot convertible
and the Freedom 56 Convertible.
“It’s progress,” says Paul Spencer,
founder and owner of sportfishing-yacht builder Spencer Yachts in
Wanchese, N.C. “I believe if you’re not
trying to do something better, then
www.beckson.com
Tel: 203-333-1412 • Fax: 203-384-6954
®
Organizers were generally satisfied
with the turnout at the METS event in
November.
The system can be used to start the
engine, eliminating the need for a
starter motor; as a generator to charge
the vessel’s batteries; in the cruise
mode under electric power at speeds
up to 5 knots; and in the “boost” mode
to get the boat on plane.
The best part of this product, accord-
RICH ARMSTRONG (LEFT)
