Marking another milestone in its recovery, the U.S. recreational boat industry sold more than 250,000 boats in 2016 for the first time in eight years.
By the Numbers
Monthly reports on sales of new, used and brokerage boats provide the industry with the information to understand its market and follow consumer trends and buying patterns.
There were smiles on the faces of many brokers during the first quarter this year. After moderate gains in January and February, U.S. brokerage market volume eased slightly in March, but total volume for the three months was 3 percent higher than in 2016 at 5,709.
Power-cruiser models were the second-most-viewed class of boat on Boat Trader in 2016. Visitors to the site looked at listings for power cruisers, new and used, nearly 6.5 million times during the year.
Retail sales fell in March for the second month in a row and consumer prices also declined, the government reported Friday.
Whether because of a warm winter, a rising stock market or a post-election bounce, U.S. brokerage sales volume and total valuation increased for the second month running in February.
Center console models were the most viewed class on Boat Trader last year. Site visitors looked at listings for center consoles, new and used, about 12.7 million times, nearly double the 6.5 million times that boats in the No. 2 class, power cruisers, were viewed.
Driven by the three boat types that have been the industry’s strongest sellers since the last recession ended, recreational boatbuilders and dealers began 2017 with high single-digit January gains.
It’s one month into the new year and, after finishing 2016 in the doldrums, the U.S. brokerage market has made a fast start.
Recreational boat sales slipped in December, but full-year figures based on results from 27 early-reporting states, including Florida and Texas, show that industry sales rose about 5 percent last year.
Many types of U.S. sellers list new and used-model boats for sale at Boat Trader, ranging from large, multi-office dealers to small shops and private sellers.