"Today, new boat sales account for only 10 percent of our business."

Mr. Napier said the industry's feeling is that boat sales and jobs will now make a significant recovery.

He also observed that renewed boat sales would help American manufacturers regain their competitive position in world markets.

This marina has its own chandlery and coffee shop, training courses and boat sales.

Despite the shakeout in the market, the marine industry continues to experience increased revenue following strong new boat sales over the last three years.

Mr. Napier said that the usual upward movement of boat sales lasts three to five years at least.

Tracker Marine has made over 450,000 boat sales since 1978.

Adding to the industry's optimism are signs of a small revival in boat sales.

In 1991, sales of luxury boats dropped 70 percent from 1990's level, while overall boat sales fell 18 percent.

Half of the new boat sales in 1991, or about 227,000 craft, fit into the outboard runabout category.