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With boat sales down and repossessions on the rise, hundreds of recreational watercraft are stacking up at an Oshkosh business.
It’s called the Midwest Marine Repo Center, a Skipper Bud’s boat dealership, on the south shore of Lake Butte des Morts.
Boats from across the nation, some costing more than $100,000, have been sent there for liquidation at discount prices.
Some were repossessed by banks and other lenders. Others are new boats from dealerships that have fallen on hard times.
Some are from outdoor enthusiasts, stuck with a hobby they couldn’t afford, now selling their boats on consignment.
“There’s a little bit of everything,” from aluminum fishing boats to big cruisers, said Mike Pretasky Jr., Skipper Bud’s president.
With 20 locations, Skipper Bud’s is one of the largest boat dealerships in the Midwest. The Pewaukee-based firm opened the Repo Center to further navigate a marketplace awash in debt and sinking sales.
Some of the boats were trucked to Oshkosh from the West Coast, where one of the nation’s largest dealerships recently closed.
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