US Watercraft receivership ? (Alerion etc)
- Thread starter 6924
- Start date
- Thread starter
- #22
CasualObserver
Member
BC = Barry Carroll.
that and also when you're in that 600k price range for a day sailer there are just a lot of less expensive, and perhaps better, options
psycho tiller
Anarchist
Was US watercraft building the new J/121? If so I wonder what will happen with that since it appears as though the first boat(s?) is in the middle of production.
jerseyguy
Super Anarchist
How to become a millionaire in the _________________ industry (fill in your favorite waste of money). Start out with $2 million and get out fast.SailBlueH2O said:
smilingpolitely
Member
Nope - the 121 will be built at CCFC down the road in Bristol. They have been the go-to builder for the 111, 70, and 88.
bowduude
Member
Just how many of those did they actually think they could sell and keep the doors open? Part of the problem- too much of a niche product line. We can armchair QB all day, right now is not a good time in the sailboat biz.
Unless something has changed, US Watercraft is/was only the licensed US builder of the J/22, J/24, J/80 and J/105 lines of J/Boats - all models well past their realistic US product lives for new production anyway. So hopefully (to me) almost no impact on J/Boats.
I believe the J/80 and maybe others may still be available from J/Composites in Europe.
Last edited by a moderator:
bowduude
Member
Dick Johnson
Super Anarchist
- 1,079
- 0
I'm guessing I know the answer to this question but what happens to unfinished new boat warranty issues when a company like this goes into receivership?
Meat Wad
Super Anarchist
Shrinking market? Who can afford these little toys anymore?
Did someone say that these guys made some J boats too?
jerseyguy
Super Anarchist
Complicated.
Builder, who is usually, but not always the owner of the brand, provides the warranty with warranty work done by an authorized dealer. Dealer then needs to be reimbursed by the builder/owner for its costs. In cases where the boat is hundreds, if not thousands of miles, from a dealer; the builder/owner will often authorize another yard to perform warranty work, consistent with what it reimburses its authorized dealers. Cannot speak for other dealers, but warranty claims were a money loser for the dealership I used to work for. Our billable hourly rate to a client was quite a bit more than what the factory reimbursed us for. There was no padding hours to get a job done as the factory told us what the time to do a job should be. Anything beyond about 1/2 a standard deviation from the mean required considerable documentation.
From above. "Unless something has changed, US Watercraft is/was only the licensed US builder of the J/22, J/24, J/80 and J/105 lines of J/Boats - all models well past their realistic US product lives for new production anyway. So hopefully (to me) almost no impact on J/Boats."
Last edited by a moderator:
unknown
Member
Who is this sage prognosticator and what other foretelling's does he have?Kevlar Edge said:
Bull City
A fine fellow
I didn't think state courts handled bankruptcies. I thought it was the US Bankruptcy Court.
