Russell Baqir, Northpoint Commercial Finance Senior Vice President Business Development, discuss the challenges boat dealers will face in 2024 due to high interest rates and economic uncertainty. Northpoint's systems help dealers anticipate curtailments and manage inventory more effectively.
Looking ahead, Russell is cautiously optimistic. He hopes for a favorable response from the Federal Reserve by mid-2024 to stabilize interest rates and boost consumer confidence. He believes that while the marine industry faces challenges, dealers can navigate through them and see improvement in the next model year.
Watch full video with Russell Baqir, Northpoint Commercial Finance: https://lnkd.in/gQaBWrAZ
Partner Perspectives videos hosted by Alan Wendt feature candid interviews with top players in the boating industry. Gain insights into manufacturing, financing, and distribution in under 90 minutes with the entire series!
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The Confident Captain
1wWhat a little cutie!!!!