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J.D. Power and Associates Reports: Bass Cat, Correct Craft, Cobalt, Grady-White, Manitou, Regal and Sea Ray Rank Highest in Satisfying New-Boat Owners

Dealer Performance Improves While Customer Product Satisfaction Declines

WESTLAKE VILLAGE, Calif., Feb. 16 -- Bass Cat, Correct Craft, Cobalt, Grady-White, Manitou, Regal and Sea Ray rank highest in customer satisfaction in seven boat segments included in the J.D. Power and Associates 2006 Boat Competitive Information Study(SM) released today.

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The study, now in its fifth year, measures owner satisfaction with new boats among 78 boat brands in seven segments: ski/wakeboard, fiberglass bass boats, small runabouts (16 to 19 feet), large runabouts (20 to 29 feet), coastal fishing (17 to 28 feet), pontoons and express cruisers (24 to 33 feet). Overall customer satisfaction index scores are based on performance in nine categories: cabin; engine; ride/handling; helm/instrument panel; design/styling; sound system; maintenance; water sports; and fishing.(i)

The study finds that as expectations among new-boat owners increase, overall customer satisfaction has declined in five of seven boat segments. All of the boat segments decline in product satisfaction, with the exception of large runabouts and express cruisers, which improve slightly from 2005. However, a positive trend with dealer performance continues as customers rate their experiences higher than in past years.

"This is the first dip in product satisfaction that we've seen in five years," said Eric Sorensen, director of the marine practice. "This drop is driven in part by an increase in the number of reported problems per boat. In particular, we see a substantial decline in quality in the pontoon and bass boat segments. On a positive note, it appears some of the industry initiatives to improve dealer satisfaction are working, with trending continuously improving over the past four years. The dealership is a crucial component of the boat manufacturer's success. However, fewer than one-half of the dealers are offering their customers a test ride, which is a simple way to improve overall sales and product satisfaction."

While marine sales and service is improving, it still lags substantially behind other industries, including automotive. One of the reasons is a frequent inability to fix the boat right the first time it is brought to the dealer for service. The study finds that service is done correctly just 77 percent of the time. Customers who get their boats fixed right the first time are 60 percent more satisfied with their dealers and boats overall.

While the industry is making efforts to grow boating, there has actually been a decline in the percentage of first-time buyers, falling from 28 percent of all respondents in 2003 to 26 percent in 2006.

"We are seeing a lot of success in the ski/wakeboard segment in attracting new boaters, while pontoons have declined substantially in this area," said Sorensen.

Six boat brands have been added to the study for 2006: Sailfish, Parker and Sea Boss are included in the coastal fishing segment; Champion in the bass boat segment; and Sunchaser and Bentley in the pontoon segment.

Bass boat segment

For a second consecutive year, Bass Cat ranks highest in the bass boat segment. Bass Cat also receives the highest index score in the study. Ranger, Champion and Triton, respectively, follow Bass Cat in the segment rankings. Bass Cat, Ranger and Champion all receive a boost from using high-technology, high-horsepower engines.

Coastal fishing segment (17 to 28 feet)

Grady-White ranks highest in the coastal fishing segment for a fifth consecutive time, receiving the highest segment ratings in the areas of engine and ride/handling, as well as sales satisfaction. Following Grady-White in the rankings are Triton, Parker, Scout and Sailfish, respectively.

Express cruiser segment (24 to 33 feet)

With particularly high ratings in product quality, owner loyalty and dealer sales and service, Sea Ray ranks highest among express cruiser boats for a fourth consecutive time. Regal, with substantial gains from 2005, and Rinker follow Sea Ray in the rankings, respectively.

Pontoon segment

With significant year-over-year gains in customer satisfaction, Manitou receives its first award, ranking highest in the pontoon boat segment. Bennington, Premier, Harris FloteBote and Aqua Patio, respectively, follow Manitou in the rankings.

Small runabout segment (16 to 19 feet)

Regal ranks highest in the small runabout boat segment with the strongest performance yet seen in this segment, improving substantially in satisfaction and quality from 2005. Four Winns, Crownline, Sea Ray and Glastron, respectively, follow Regal in the segment rankings.

Large runabout segment (20 to 29 feet)

Cobalt ranks highest in the large runabout segment for a fifth consecutive time. Cobalt leads the segment by a wide margin, receiving the highest ratings in all seven feature categories. Regal, Crownline, Sea Ray and Chaparral, respectively, follow Cobalt.

Ski/wakeboard segment

Correct Craft ranks highest in the ski/wakeboard segment for a fourth consecutive time, receiving the highest ratings in five of seven feature categories. Correct Craft is followed in the segment rankings by MasterCraft, which records considerable improvements in overall satisfaction from 2005.

The 2006 Boat Competitive Information Study is based on responses from 12,255 owners who registered a new boat between June 2004 and May 2005.

  Bass Boat Segment Ranking
  (Based on a 1,000-point scale)

  Manufacturer                               Index Score
  Bass Cat                                   925
  Ranger                                     899
  Champion                                   880
  Triton                                     873
  Skeeter                                    861
  Bass Boat Segment Average                  861
  Stratos                                    836
  Nitro                                      829

  Coastal Fishing Segment Ranking
  (Based on a 1,000-point scale)

  Manufacturer                               Index Score
  Grady-White                                888
  Triton                                     871
  Parker                                     838
  Scout                                      833
  Sailfish                                   831
  Century                                    815
  Hydra-Sports                               814
  Boston Whaler                              809
  Polar                                      809
  Cobia                                      802
  Sea Hunt                                   802
  Coastal Fishing Segment Average            800
  Key West                                   798
  Triumph                                    795
  Seaswirl                                   793
  Aquasport                                  788
  Pro-Line                                   778
  Wellcraft                                  771
  Angler                                     761
  Trophy                                     746
  Sea Boss                                   741
  Sea Fox                                    739

  Express Cruiser Segment Ranking
  (Based on a 1,000-point scale)

  Manufacturer                               Index Score
  Sea Ray                                    809
  Regal                                      807
  Rinker                                     792
  Express Cruiser Segment Average            773
  Chaparral                                  743
  Bayliner                                   727

  Pontoon Segment Ranking
  (Based on a 1,000-point scale)

  Manufacturer                               Index Score
  Manitou                                    835
  Bennington                                 832
  Premier                                    829
  Harris FloteBote                           818
  Aqua Patio                                 813
  G3                                         811
  Crest                                      808
  Lowe                                       797
  Sweetwater                                 796
  Weeres                                     794
  Pontoon Segment Average                    790
  Playbuoy                                   778
  Starcraft                                  774
  Bentley                                    768
  Odyssey                                    763
  SunTracker                                 720

  Small Runabout Segment Ranking (16 to 19 feet)
  (Based on a 1,000-point scale)

  Manufacturer                               Index Score
  Regal                                      822
  Four Winns                                 793
  Crownline                                  788
  Sea Ray                                    762
  Glastron                                   761
  Stingray                                   754
  Larson                                     744
  Small Runabout Segment Average             742
  Chaparral                                  739
  Maxum                                      714
  Tahoe                                      714
  Bayliner                                   710

  Large Runabout Segment Ranking (20 to 29 feet)
  (Based on a 1,000-point scale)

  Manufacturer                               Index Score
  Cobalt                                     896
  Regal                                      832
  Crownline                                  829
  Sea Ray                                    827
  Chaparral                                  817
  Baja                                       816
  Four Winns                                 816
  Large Runabout Segment Average             813
  Rinker                                     808
  Monterey                                   804
  Stingray                                   799
  Larson                                     785
  Maxum                                      769
  Bayliner                                   749

  Ski/Wakeboard Segment Ranking
  (Based on a 1,000-point scale)

  Manufacturer                               Index Score
  Correct Craft                              911
  MasterCraft                                906
  Ski/Wakeboard Segment Average              875
  Malibu                                     873
  Tige                                       862
  Moomba                                     828

A PDF version of this ranking chart is available at: http://www.jdpower.com/news/releases/pressrelease.asp?ID=2006026

About J.D. Power and Associates

Headquartered in Westlake Village, Calif., J.D. Power and Associates is an ISO 9001-registered global marketing information services firm operating in key business sectors including market research, forecasting, consulting, training and customer satisfaction. The firm's quality and satisfaction measurements are based on responses from millions of consumers annually. J.D. Power and Associates is a business unit of The McGraw-Hill Companies.

About The McGraw-Hill Companies

Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 290 offices in 38 countries. Sales in 2005 were $6.0 billion. Additional information is available at http://www.mcgraw-hill.com/.

  J.D. Power and Associates Media Relations Contacts:
  John Tews                    Peter Dadlani
  Director, Media Relations    Supervisor, Media Relations
  Troy, Mich.                  Westlake Village, Calif.
  (248) 312-4119               (805) 418-8103
  john.tews@jdpa.com           peter.dadlani@jdpa.com

No advertising or other promotional use can be made of the information in this release without the express prior written consent of J.D. Power and Associates. www.jdpower.com

(i) Not all segments include every factor.

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