Report: Wells Fargo near deal to buy GE loan portfolio

Wells Fargo is the frontrunner to buy several parts of the GE Capital portfolio, including Commercial Distribution Finance, Reuters reported. GE Capital Commercial Distribution Finance is the leading provider of floorplan financing in the marine industry. A “person with direct knowledge of the situation” told the news service that Wells Fargo is the lead bidder […]
Boating Industry

Mercury Marine releases 2015 Sustainability Report

Mercury Marine has posted its 2015 Sustainability Report on the company’s website, mercurymarine.com. The report details the company’s recent accomplishments and current goals in sustainability, as well as the actions taken to achieve those goals. In 2014, Mercury was named the 2013 Wisconsin Manufacturer of the Year. Additionally, Mercury learned in December that it has […]
Boating Industry

Report: 2014 boat sales well ahead of 2013

Boat sales for 2014 look to be up about 7 percent for the year, showing solid growth over 2013. That’s according to Info-Link’s latest Bellwether report, which tracks boat sales across the country based on new U.S. boat registrations. Bellwether states are geographically dispersed states representing roughly half of the US boat market (varies by […]
Boating Industry

Bellwether report shows continued boat sales gains

U.S. boat sales are still running just less than 10 percent ahead of 2013 through November. That’s according to Info-Link’s latest Bellwether report, which tracks boat sales across the country based on new U.S. boat registrations. Bellwether states are geographically dispersed states representing roughly half of the US boat market (varies by market segment and […]
Boating Industry

NICB welcomes Boat History Report as strategic partner

DES PLAINES, Ill. — The National Insurance Crime Bureau (NICB) is pleased to announce that Boat History Report, the leading provider of watercraft history information for buyers and sellers of used boats, has joined the organization as a strategic partner. By accessing Boat History Report’s extensive nationwide databases, buyers and sellers can obtain reports relating […]
Boating Industry