In my years of working in alot of big companies. The people in power in all the companies don't give a shit if you eat or not. Many I worked for just closed the doors and left you with nothing. Thank God I am retired because all they do is piss people of but they still get paid. Thanks Andy keep it up. P.A.OLD GUY

Everyone thought Evinrude wasn't going away either...

The energy that Andy brings to his videos and the boat industry is well deserved, much needed and appreciated.

I can’t possibly imagine how a company that charges more for an outboard than a civic can not be profitable.

Alot of the " toy" companies are laying off. Arctic cat, BRP have laid off too. People can't afford " toys" anymore after stopping for gas and groceries.

The problem isn't the 3600 motors surplus. It's the warranty claims the last 20 to 25 years that is killing them. The Optibombs followed by the Vercrapos and now the V-turds issues might be too hard to overcome. What put OMC out of business was their warranty claims... Sad, but Mercury is following suit. When you have to payout your profits to replace or fix issues, you can't compete.

Every American citizen knows exactly who is behind all these financial problems. LGB... 👍🇺🇸

Inflation and interest rates hurt all businesses. Until that changes bad things are going happen.

I stand behind what you said in the other video, if you have a huge stockpile of inventory and didnt sell, then you cant keep building. I believe the layoffs are justified it sucks yes but i believe this is for the better.

Mercury has never really been known as a quality product. Now, add tremendous price increases over the last 10 years, and a doubling of the interest rate over the last 3 years, and try to explain to the average weekend warrior why they should sink 75-100k into a boat, and finance it for 10-20 years. That Mercury motor will never last the finance term.

Result of super high interest rates along with boat prices on average have increased 30k if not more based on model in the past 4-5 years . The industry made their own mind up that a 15% - 20% profit wasn't enough . I know it cost a massive amount of $$ to run a company of that size but with the cost of just living with mortgage/rent, food , Gas , power bills ect vehicles cars , trucks the 70k a year salary for a single person you cant afford a 80-100k boat or a 30k motor. Most people have wized up and simply cant afford what their asking. Demand is down and will continue to go down unless interest rates come back down below 5% and prices come back down a minimum of 20% .

When it comes to big business. It's growth or failure. It's so short sighted at times.

Happy Birthday Andy!!!!!

Keep maken waves 🌊 and calling shit out! Absolutely love this channel. It’s a drink a beer and listen to some good perspectives.

Great stuff........... Happy BD Andy...!!!

Holy smokes what’s going on in the industry. Crazy!

Basically laying off the temp ratio. Working for an Automotive manufacturer for 20 years, it's the first steps to slow down production. It's a balancing act, production to demand isn't as easy as watching sales and demand qty. A lot is based off your supply base as well as federal rates. So, cutting back on temp workers saves your time employee base and keeps your seniority workers. They are the buffer in today's industry. It's a sad environment to let any employee go for any reason. Automotive industry fights this daily, we plan out as far as 6 years but market conditions can greatly impact plans and direct changes to production numbers and employee count very quickly.

Happy birthday Andy 🎉! Hope mercury doesn’t fail 😢😢my motor has been good… tell mercury your birthday wish is to tour their facility 👍👍

As a mercury service only dealer (we don’t sell new boats) even with the slow in the economy we are still as busy as we were during Covid, booking out a month. We have seen a difference in mercury in the last year. Parts have all been in stock, Mercury has been trying to compete with aftermarket and the prices of some parts have even come down. As a dealer that does a lot of repowers, we have been able to get engines quickly. Hopefully the engine prices will come down and make it more affordable for our customers to do repowers.

Of course, they are worried, and of course, they have excessive inventory. They were staying ahead of boat manufacturers, and now the boat makers are slowing down. Exactly what's happening to Ford and Chevrolet at the moment

A great shirt would be Andy's face hawk tuah at the underboard or OMC! Haha

Executive positions won't be effected and I wonder what their salaries are. Most boat dealers aren't taking trade ins now which makes sales even worse. If you are looking to repower, since used outboards are really worthless on 2 strokes. I foresee big changes coming with some boat manufacturers going under.

High interest rates and high fuel prices always kills the Marine Industry! Let’s Go Brandon

I see it now! "Andy For President" t-shirt. 👍😊 The Team Marine administration.

Question is how much of the processes they are going to bring in house is via robotic automation?

The best way for Mercury to do is push to repower to all older motor and boat owners. Mercury can offer rebates and get the price down to encourage boat owners to get new with warranty. Also they can buy down interest rates for the customers buying the motors. That's the best way to do it and get the motors sold.

We gave them a big break to stay here. I think they screwed up average people can’t afford a boat with a 250+ motor on it. I think the market is more like me looking to upgrade to a new 25 to a 115 because everybody is holding on to their boat, they can’t afford to buy a new bigger boat with the big motors on it and when you really think about it why do you need that much speed on the water anyway spend that much money to get there 5 minutes faster. The average guy up here in in the north woods (I’m from GreenBay and fish all the way up into the Upper Michigan) doesn’t need the big 200 plus big motors. Make a good motor from 50 to 200 and make it reliable at a fare price that’s where I think you’re money is.

Lets hope that an American manufacturer can continue to succeed....Go Black!

The corporate/government greed is a rubber band that is starting to snap back, and I’m here for it.

Question-if a motor is purchased after sitting in a warehouse what is the affect on the bearings and moving parts- my experience with mechanical engineering is there will be flat spots on the moving parts and quality issues…I smell some problems.

This is the foundation of our society. A working class goes to work every day turning labor into value for the community, and some owner, some landlord, some banker, says "I'll have some of that, thanks!" Regulation is a start, unionization is better, and writing new laws that don't SOLELY benefit owners as a way to move the economy forward are the major ideas here. It doesn't matter how many jobs get created if none of them pay a living wage. The owning class has a philosophical & moral motivation to make a profit at all conceivable legal cost. Capitalism encourages unethical behavior: Given two similar companies that compete for the same customers, both of them acting 100% legal, if one of them burdens themselves with "ethics", they'll be out-competed by the company that is 100% legal and unethical. Every time.

Figures.....I bought a brand new 30 hp etec for a repower, first brand new piece of equipment I ever bought, 2 yrs later they went under. I just bought a brand new boat 16ft fishing boat with a merc on the back, now I hear this, fml.

Boat sales slowed because of higher interest rates and people over paying during the shortage. If bought during the shortage you paid full retail. Now you go to trade and the difference is thousands more than expected plus you are getting a higher interest rate on the new loan. For a lot of people it’s just too much so they are keeping the boat longer. The manufacturers of boats, motors, and electronics need to figure out how to get some quality boat packages at a better price. IKON might be on the right path with the VLX series. Basscat has a package deal on the Cougar but they should drop the Cougar and concentrate on making an affordable Puma STS package.

Yes the market is slow right now so there is going to be a back log and less man power needed. While things are slow this would be a good time for the major players in this market to challenge the validity of the EPA rules they are living under and lower cost across the board.

It definitely takes time to set up in house processing eg. re tooling etc.

You did a show about whose fault is it that boats are so expensive. I have been in the automotive industry for 40 years, why are outboard engines $1,000 per horse power? Compare to automotive engines! I can buy a new 5.3 Liter engine for $5,000 to $6,000 why are outboard engines so expensive? I can buy a complete car, entry level compact for the cost of a 250 horse outboard!

Dang look at what these things cost now add a boat 100,000 dollars and up what the heck same boat as 30 40 50 years ago fiberglass carpet and some wiring. I bought a brand new boat in 94 picked out the colors and everything ordered it and paid 16,400 dollars can even buy a used boat for that today

Guess they won't be the best company to approach to get the Champion build back on. I personally run a 2022 Yamaha SHO 250 (unaffected by the bulletin) and am happy with that. Long time follower.

People and companies wanted all this this and now companies have to pull back do to high wages and low sales. Restaurant's and every fast food business can go down the sewer pipe also. I do feel sorry for the people that lost or will be losing their jobs. It's about time that they all feel the pain. Mercury inventory is high because boat manufactures are not selling. No boat sells equals no Mercury engine sells. Not everyone can afford a new motor today, due to the rising cost of everything else. Wisconsin wake up and remember how things were 3 plus years ago.

The chickens are coming home to roost for mercury. I own the largest oldest and busiest freshwater Guide Service in the State of Florida with 12 full time captains that work for us and we have been in business for 54 years. Each one of our captains that has a 2020 or newer Mercury engine on their boat is swapping their Motors out for either a Yamaha or Suzuki engine with the Suzuki being the biggest choice of our captains mainly because they can run in the hydrilla like no other engine made today. But that being said we do have captains with older earlier 2000 PRO XS Mercury Engines that outperform everything on the water. It is well known now within professional the bass fishing community and especially the charter boat community that the new Mercury Engines are junk and if you haven't had a problem with one consider yourself lucky but the problems are going to come for most 2020 or newer Mercury Engines. One of our top captains this past weekend fished a large Bass Tournament here on the Kissimmee Chain of Lakes in Central Florida and caught a 10 and a half pound bass and would have had a total weight approaching 35 lb for that torment butt the guy he was fishing with had a new Mercury engine that wouldn't start and he wasn't able to weigh in his fish and his weight was over 10 lb larger than any other boat in the tournament. If you need a motor that's reliable to get you back so you can weigh your fish in and collect a check in a tournament don't rely on new Mercury Motors. It's a real shame with what has happened with Mercury I have been a Mercury man from way back in the early 1980s when I first started as a charter boat captain and I would never put a new Mercury motor on the back of my boat ever again. I don't say these things about Mercury Motors lately but I say these things to bring the attention to all of you that may read this comment by lifelong charter boat captain so that maybe some of you will avoid the problems that we have experienced with Mercury Motors in the last 4 years.

Hello Andy ! I had Stopped the video to leave a comment About the Possibility of Mercury going Out of Business. Never say Never. In today's Crazy world, Anything is possible. IMO, If Mercury Don't take care of the Outboard Breaking the motor brackets, That could be a Major problem for Mercury IDK ?

The stock pile of motors doesn’t make sense to me I blew my 2017 mercury 250 opti in December of 2022 and I decided to repower with the 4 stroke I didn’t get my new motor until march of 2023 and the dealership in Oklahoma that ordered my motor only got in 2 new motors. I personally know of probably 15-20 guys that have repowered there boats I would think the demand for those motors is still high I don’t know why they have so many stock piled….oh wait probably because they are $25,000 f…ing dollars 😂

Andy , I would love to see a video on best fishing pontoons it’s summer it’s a great family man boat and you would rock a video on this topic

High interest rstes and Happy Birthday

It’s almost all industries slowing. I work with many electrical and industrial distributors most of businesses are down a good bit. Mercury also moving some stuff to a Mexico!John Deere is also laying off a good amount of people.

Yep it is the same in every industry to much inventory no one is buying. It was build until you explode, then everyone over built and now is sitting on a ton of inventory.

And Andy when I was working (I’m retired now) I walked the walk and talked the talk I would have really asked that question

If they just made all their motors like the EFI, they would have no problems.

that's what big Corp do, they fill warehouse put it up for sale and then the new buyers have to buy bussneiss and inventory, seen it to many times at my company.

This time around the South, Texas, Idaho, and Arizona going to take it bad man! 2008 all over.

With the total (outrageous) cost of fishing rigs, or boats in general, no wonder why lay offs have occurred!

Suzuki is gonna be king of outboards

This is how rumors are started people talking out their butt. So much that has been said is wrong information. Just guessing, without facts. Why do some people feel like businesses and government has to let everyone know the plan. I love people say they are American but buy China. People say I’m American, Go Suzuki Or Yamaha, really? How is that being for America? Also like it when people compare boats to cars, way two different products and applications. People don’t understand that boat OEMs buy a bunch of parts and make a boat, many different manufacturers involved. Not the same with auto OEMs. Years ago boating was for the wealthy only. Bad salespeople tricking people to buy a boat because they can afford the payment but not the real cost of boating, using and maintaining cost. Covid has caused so many problems, not even going to go there, but we are still being affected by it. People not dying as much or don’t hear about it, but the way it has affected the economy. In the beginning mad rush to buy a boat because that’s all people could do and didn’t want to be trapped in their houses. With that people bought things online and got use to it. Why malls and shopping centers doing worse than they were. Overall economy has the most to do with the situations.

Mercury most of been top heavy on employee's. As process technology grows less people are needed. Hate to see anyone loose there job.

Id like for an American company to bring back the Johnson outboard and make it as good or better than the Japanese motors

I blew up a 2014 Rude at 502 hours, I rebuilt it at $3800 and it blew in 27 hours. Put a merc 250pro zs on my boat 1 year ago. Sold my rude for parts and the guy that bought it said I hope u get 200 hours out of ur merc! He said most of that motor is built in China and put together in the US.

Tennessee tuxedo will not fail

They built so many because they get revenue for it and that’s what the investors want to see. We’re currently doing that where I work. All we ever hear is revenue and we’re building to fill warehouses not sales

Mercury parts are hard to find. This is crazy for as large as they are and their position in the industry. The price point to boot...

There's more Mercury outboard motors than all other outboards combined everytime I'm on the water 80% of the newer boats have a Mercury on them. There's something going on over there at Mercury and it will come out sooner or later

Mercury kept the employees as long as possible. Once they inventory threshold has be met Mercury has no choice but to let people go. How would it be possible to keep people at work with nothing to do? No matter how you slice it the work force has to be cut at some point unfortunately.

Same with auto industry, trucking industry trucks and trailers it's in every sector. Thank you Minnesota and Wisconsin 4 voting FJBiden

Mercury not going anywhere boats sales are down that why there’s layoffs.

This is how manufacturing works. The workers worked their self out of a job. If demand slows down and the warehouse is full.there are Layoffs. Its always the blue collar people that get laid off.

$4.50 plus a gallon of premium gas! Who can afford to run a Mercury? $100,00 plus boats! True problem- build a Quality product. Tired of of companies treating customers as if they’re doing you a favor for buying their product. High dollar products/ better provide quality. Not seeing it at Mercury!

Any CEO that didn’t account for surplus sales during Covid and didn’t expect a slow down should be fired.

This is a classic economic Bullwhip effect.

Boating is very cyclical, the cycle ended. Companies cranked the price of engines through the roof, now the pendulum will swing back. Lots of people would repower if they started some decent incentives, Brunswick is going nowhere.

I thought I read awhile ago that they were moving everything out of WI and moving to IN

Sad what happened to OMC

Got and idea ( Yamaha and Suzuki) that will fix it and no bailout like GM

When my 98 150 optimax quits Andy you sold me on a Suzuki....

That’s how companies operate. John Deere has ran that way for years. Put the product out as fast as possible just to lay people off. Cheaper to pay unemployment than benefits and higher pay than the employees are worth.

I said it before and i will say it again whether its automobiles or marine when they build a decent product i will buy it until then im not will buy an older toyota or suzuki outboard and it doesnt hurt my feelings at all if they go broke they did it to themselves plain and simple and i wont loose a minutes sleep over it

Any promotions next season? I might repower if they plan on giving away motors.

Mark my word.. they are going to outsource all of it. Seen this before very sad. That's why you see so many merc advertisements every where you go. Last gasp. You vid is over the top. But merc has a bullseye on its back

The 400 are part of the Covid bump but there are more layoffs coming in September according to my boss. As bad as that is come March there is a huge layoff coming. It's bad, very bad Andy.

Tons of boats with mercury engines sitting in fields in Missouri.

You are funny but you are right. Bassmd

Sell a new 115hp to 150 hp for 50% off retail to me and slow that financial bleeding of that insane amount of excess outboards.

Back in early 90's would you have thought OMC would have become the crap show it ended up? The FICHT killed OMC will electric be the end of Mercury? I repowered with a Suzuki 250SS instead of Mercury.

Do you think the the build up of inventory was on purpose so they could lay off the workers later? This is a tactic in manufacturing because the cost of start up and shut down is expensive. I worked in manufacturing where we worked 4*12 and there were 2 shifts so they did not have to shut down the line and restart it but once a week, you don't just turn it off and pick right back up a day later like it never stopped. Paints, adhesives, petro based stuff does not do well sitting idle in equipment for a day. Every time you shut down the massive air compressor systems there is a chance it does not come back as they should. Having said all that if you work in the Marine or any industry based on an elastic good then the peaks and valleys will be bigger than other industries. If you do not know that well isn't that on you?

If the employees knew they were getting laid off I would have asked them if they are doing so good then what’s the problem (Bad Management)

Future headlines.... mercury warehouse catches on fire and warehouse is a total insurance write-off..

What do you think it will do to the independent repair shops over the next 2 years?

You don’t won’t the one built on a Friday can you imagine the ones built on the weekend 😂

You will still have Yamaha they’ll always be around.

bring the price down

Everyone will go before any CEO will get fired

Any automotive industry is spending way to much money trying to be the next best thing in the electric world, they also know electricity is not the answer, but they have to try because of the political agenda. Most every automotive industry is getting into hydrogen as well. In my opinion they’re spending way too much money on hydrogen and electricity to try and make something work even though everyone knows it’s not the answer. All of this plus inflation and politics is driving prices through the roof. Laying off employees is the quickest fix.

Sorry miss typed, $100 per horsepower.

Mercury isn't going anywhere. This is a response to market conditions They simply don't need the people and who knows if and when the market will ever return to the levels they just experienced. As for the stock pile of motors They'll offer rebates etc. Try to keep things rolling and ride this trend out to the end. They are already paid for.

Top CEO’s have to get paid. They don’t give a damn about the bottom man.

The 400 is probably super conservative, the knee jerk is mostly over. The covid cuts were so deep they nearly bled to death, that’s why they scrambled to even get people to show up. Then you get what you get, no one wanted to tell management the wave was running aground. I knew when I sold my 2018 tritoon for a lot more then I paid for it in 2021 the there was a correction coming and quick.

What about Yamaha

If their product wasn't so dang expensive they wouldn't have excessive inventory.

Yamaha got out of the Snowmobile business what’s next for them ??? Bosts ? Outboards??

I knew this was coming.. mercury will survive . But boat sales are going for a shit. Can’t keep going with prices that high…… it will soon e a rich mans sport.

The unions today are afraid of the company’s and ask yourself why ( money) who’s paying the most

If they hire you I will buy the best Tiller 25hp they have to sell.