2022 mc boat(s) price increases?

[Mastercraftdave]

I think boating is going to take a big hit where fuel is going right now. I am surprised that boat sales are still as crazy as they are with todays fuel prices.

Brandon is making sure we switch to Electric.

[barneyferd]

Really, really, really glad I jumped to the X22 when I did. Took delivery in March 2020, just as all this was starting to ramp up. Funny, there was a time I thought $156K for a boat was stoopid money (it was). Now it seems like a bargain.

[Zrlee]

I know all of these prices are getting ridiculous but it’s all relative. How many of you remember your jaw dropping with the first Mastercraft hit $100k. I remember thinking then that the bottom would have to fall out soon. Well, here we are and it hasn’t happened yet. Lol


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[peytonvp]

Brandon is making sure we switch to Electric.

If only the tree huggers knew...

[MCOR]

That’s what I’m afraid of. Getting the boat delivered, then there’s an extra $30K tacked on the price. If I had known at the time I placed my order that this was a possibility, I probably wouldn’t have moved forward with the purchase.

There was no mention of Force Majeure during the purchasing process and it’s not like Covid is a new thing. Supply chain disruptions were happening since last summer and pricing could have been adjusted at the time of the 2022 launch. An immediate 15% bump in price over the traditional 3-5% would have put a few prospective customers off, including me, so that’s probably why MC didn’t announce a higher price at launch. But to affect the price change once your customer has signed a purchase order and paid a deposit? That's a thinly veiled bait and switch.

We’re three months since launch and MC didn’t know they would have to raise prices this much? Really?

[Morety]

I'm just hoping that I have already had and sold my last MasterCraft!!!

[tmothy07]

Having a written order by the dealer, signed paperwork of intent to purchase at a specified price, and a large deposit, plus our boat in trade (already at the dealer and actively selling) constitutes more than a handshake deal in my opinion. I hope MC honors the pricing agreed with the dealer for boats on order and deposits paid.

Lol, my homebuilder is increasing our price (despite a signed contract back in January) or offering to return our earnest money, tear up the contract, and list the home for an even higher price.

Most buying contracts aren't worth the paper they're printed on, tbh.

[MC25]

Lol, my homebuilder is increasing our price (despite a signed contract back in January) or offering to return our earnest money, tear up the contract, and list the home for an even higher price.

Most buying contracts aren't worth the paper they're printed on, tbh.

I am so glad I bought my house last year. Someone up here in dallas took a builder to court over that exact situation and lost

[FourFourty]

Most buying contracts aren't worth the paper they're printed on, tbh.

100% true, and absolutely crazy how many have been screwed out of contracts. I took the worst hit on a business deal I have ever taken a couple months ago......

(I have an animal feed business for those that dont know)

Bought 2000 tons of Organic Soybean Meal on contract from a commodity brokerage outfit for $669.00 per ton to be delivered over a 4 month time frame.

Sold the product to a large egg producer for $720.00/ton, delivered to their farm.

Price of Organic Soybean Meal jumped to $1460.00+ per ton around the time the delivery period started on the contract.

Broker delivered about 200 tons out of the 2000, and bailed out of the remaining 1800 tons. (mind you, they already had possession of the product, and had already paid for it on their end). They screwed me simply to take advantage of profit above and beyond.

I honored my contract with my customer......

Roughly a loss of $1.4 Million on one contract. Very tough pill to swallow.

[moosehead]

Gouging customers is a short-term tactic. Getting hung on a contract can also cut both ways when the music stops.

[Zrlee]

Roughly a loss of $1.4 Million on one contract. Very tough pill to swallow.

Wow. Almost the cost of a 2026 XStar

Not making light of your loss. That is for sure a devastating loss, to say the least. No matter what size business you have. It’s crazy what companies can do being on the selling side of things. Contracts are meaningless on that side of the deal.


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[MCOR]

100% true, and absolutely crazy how many have been screwed out of contracts. I took the worst hit on a business deal I have ever taken a couple months ago......

(I have an animal feed business for those that dont know)

Bought 2000 tons of Organic Soybean Meal on contract from a commodity brokerage outfit for $669.00 per ton to be delivered over a 4 month time frame.

Sold the product to a large egg producer for $720.00/ton, delivered to their farm.

Price of Organic Soybean Meal jumped to $1460.00+ per ton around the time the delivery period started on the contract.

Broker delivered about 200 tons out of the 2000, and bailed out of the remaining 1800 tons. (mind you, they already had possession of the product, and had already paid for it on their end). They screwed me simply to take advantage of profit above and beyond.

I honored my contract with my customer......

Roughly a loss of $1.4 Million on one contract. Very tough pill to swallow.

Any legal recourse? Unless there’s a clause in the contract that allows price fluctuation and acceptance, I think for 1.4M it’s worth looking into. Seems clear the broker doesn’t care about your business relationship.

[FourFourty]

Any legal recourse? Unless there’s a clause in the contract that allows price fluctuation and acceptance, I think for 1.4M it’s worth looking into. Seems clear the broker doesn’t care about your business relationship.

I’m going to pursue it….. it will likely take a couple years before I know if I’ll get anything out of them, or not.

[MCOR]

I’m going to pursue it….. it will likely take a couple years before I know if I’ll get anything out of them, or not.

Best of luck recouping something out of the proceedings. Hopefully the court system in your area frowns upon profiteering.

[Mystic3D]

Gouging customers is a short-term tactic. Getting hung on a contract can also cut both ways when the music stops.

I am with moose on this one.
1. You won't do business with the broker again.
2. Your customer will continue to do business with you, I realize you are a very sharp business man, so probably captain obvious here, but I would not hesitate to tell your customer.

Karma is a ***** when the music stops.