NPR recently featured a story on Florida's sinking boating industry. The boating industry in Florida, California and Michigan have been hurting due to high gas prices and a recession style economy.
Luxury Yacht sales are down 30% in Florida because business owners and other people in the market for a yacht simply do not have the disposable income to run or purchase such luxury items.
Boat owners are finding difficulty in their efforts to run or sell their boats. With gas prices as high as they are, the cost of running a boat for a day has nearly doubled. Owners attempting to sell their boats find a market where people are cutting back on luxury goods and trying to make ends meet.
Tropical Financial Credit Union is here to help Florida's private yachtsmen and boat sales business owners.
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