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Go Back   SailNet Community > On Board > Boat Review and Purchase Forum
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  #11  
Old 01-12-2009
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Didn't see the Angus booth but then again I wasn't looking for it as I got an email back in mid-december informing me of them being in bankruptcy, taken down by the interest costs on their new boat inventory.

Was very impressed at the Volvo-Penta power boat display, whilst waiting for the admiral to visit the heads had a little chat about a lovely little 25 ft with a 5L engine that cruises ALL DAY (7-8hrs) at 35kph on ONLY one tank of fuel, tank is ONLY 55gal.
I am amazed that they quote speed in KPH to make it sound as fast as possible, that a whole day is only 7hrs long and best of all the tank is quoted in Imp gals to sound as small as possible.
My math tells me that is like $50/hour just for fuel. OUCH!

Hacker crafts were stunningly beautiful, but with an entry fee of $220,000 (base) I would hope so.
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  #12  
Old 01-12-2009
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The new Hunter dealer? Is this in addition to Angus Yachts or their replacement?
From the Toronto Star...

Angus Yachts, which merged in June with Clift's Marine, Canada's largest yacht brokerage, quietly closed its doors on Dec. 1 after 36 years.

The company had offices in Mississauga, Orillia and Penetanguishene and employed 55 people. In 2005, Angus sold more Hunter sailboats than any other dealer in the world.

In 2006, they started selling powerboats. Last year, they were the largest dealers of Cruisers Yachts in the world. They were about to launch the Prestige line from France.

"We had huge growth, doubling every year from '03 to '07," says Alan Adelkind, former vice-president of Angus Yachts.

"We were touted all through North America as the darlings of the boat business. We turned down one brand a month."

But by autumn, says Adelkind, it was no longer smooth sailing. Instead, it was "the perfect storm," he says, citing the high Canadian dollar that made boat purchases in the U.S. a bargain, comparison shopping on the Internet, the company's investment in expanded staff and costly service software programs, a swollen inventory of "big huge powerboats," and consumer pessimism about the economy.

Mainly, he explains, "We grew too fast. We were spending huge dollars but not taking in enough to keep the thing going"...

...Even Adelkind, who watched his own Angus Yachts sink out of sight last month, is cautiously optimistic.

He's opening a new boat brokerage business, Yacht Pro, and will be at the boat show, "showing my face, handing out cards."...


...
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  #13  
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I think the new Hunter dealer is going by the name True North, or something like that. They are taking over the old Angus offices at Port Credit Harbour Marina.
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Old 01-12-2009
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Quote:
Originally Posted by acepjb View Post
I think the new Hunter dealer is going by the name True North, or something like that. They are taking over the old Angus offices at Port Credit Harbour Marina.
Are they taking over their Hunter inventory as well? They have a boat I might make a lowball offer on depending on how the dollar is.
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Old 01-12-2009
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Are you looking for new or brokerage. Don't know what happened with the transition.

Why not give them a call.
True North Yachts Inc.
1 Port Street East,
Mississauga, ON L5G 4N1
905-274-8001


They may be down at the show all this week.


Edit: just found this link, looks like they picked up most of the brokerage boats from Angus.

True North Yachts Inc (Mississauga, ON)

Last edited by scottbr; 01-12-2009 at 03:17 PM.
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Old 01-12-2009
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Originally Posted by eMKay View Post
Are they taking over their Hunter inventory as well? They have a boat I might make a lowball offer on depending on how the dollar is.
I was at the boat show today and yes they have picked up the Hunter inventory from Angus including the 49 and 45. Navy Point out of Sacket's Harbor in NY state picked up the Jeanneau's

There seems to be pretty good deals on these boats as they were purchased when the CND $ was close to par.

PJB
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Old 01-12-2009
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Ace, are you talking resale or new. The new 33 Boat Show "Sailaway" price is $ 170, last year it was $ 130 - 140 with the CDN $ being higher than the US$.
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Quote:
Originally Posted by scottbr View Post
Ace, are you talking resale or new. The new 33 Boat Show "Sailaway" price is $ 170, last year it was $ 130 - 140 with the CDN $ being higher than the US$.
Sorry I didn't look at the 33. Anything that Angus still had in stock at the time they went into receivership seems to be discounted.

PJB
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Originally Posted by scottbr View Post
Ace, are you talking resale or new. The new 33 Boat Show "Sailaway" price is $ 170, last year it was $ 130 - 140 with the CDN $ being higher than the US$.
At today's exchange rate 140K USD is approx 170K CND, last year at this time it was around par or 140K CND. So.. the 33 must be new inventory

PJB
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Old 01-12-2009
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i shouldnt complain because the tickets were free but i thought this years show in toronto was kinda lame.
they never really have too many sailboats and this year there was even less.
as mentioned there were a couple new power-sailboat disasters on display which i just cant understand why people buy.
most vendors were selling items with sale price stickers which are no lower than in their stores on any regular day although i found a good deal on the prop i want to get this spring.
i really liked the new hanse models and was surprised on their price being low as they were.
very impressed by the tartan 34 however they ruined the v-birth on the boat by making undersized sleeeping area due to oversized closet space,otherwise a beautiful boat.
i found love with the new c&c 110 (same as last year) but not the $340k price tag.
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