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.

Boating put $2.1B into N.J. economy

New Jersey boaters spent $2.1 billion in 2006, according to a study unveiled by the Marine Trades Association of New Jersey. The study, the first of its kind in New Jersey, measured expenditures related to recreational boating and its impact on the state’s economy. The study also showed that New Jersey’s recreational boating industry provides…more

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Grow Boating: a $12.5M marketing outlay

Industry leaders say campaign is doing the job, and they’ll spend about the same this year Grow Boating took in more than $12 million in 2007, the bulk of which was spent on marketing campaigns, according to its recently released annual report. The initiative is an integrated effort among recreational marine groups to promote the…more

Boat loans still plentiful for credit-worthy

But GE Money’s departure from marine lending could make things tougher for the marginal buyer Given today’s tight economy and GE Money’s exit from the marine lending market, some financial experts think the average person will have a harder time borrowing money to buy a boat. That spells bad news for already struggling boat dealers,…more

Average brokerage prices up for 1st quarter

Increase in amounts paid for boats helps compensate for decline in number of boats sold YachtWorld.com says the overall values of brokerage boats sold are on the upswing. The values of boats sold in Florida and California both reflect this analysis. The average value of boats sold in New York and Michigan, however, go against…more

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Aluminum boats fare better than fiberglass in April sales report

Boat sales continued to decline in April, but the decline was far less pronounced in aluminum boats than in fiberglass. The early release report for the month from Statistical Surveys shows a decline of 23.5 percent in the popular fiberglass 14- to 30-foot category, compared with a drop of 8.2 percent in the overall aluminum…more

MITEC survey seeks marine workforce data

Information will be used to allocate grant funding, identify trends and determine skills needs A key factor in obtaining grant money to improve workforce training and recruitment of marine technicians is verification of the industry’s labor market demand and supply needs. “Funding sources want empirical data on the actual needs of the industry,” said Steve…more

Boat Searches Online

Florida led the nation in the number of searches for powerboats and sailboats in April, according to the monthly figures released by BoatTraderOnline.com, the Internet listing service. The numbers of searches originating in the Sunshine State more than tripled the number for runnerup California in each of the two categories. A total of 6,342 sailboat…more

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Average brokerage prices up for 1st quarter

Increase in amounts paid for boats helps compensate for decline in number of boats sold The accompanying charts by YachtWorld.com show the average price of boats that were sold between May 2007 and April 2008; the average price of boats that were sold in each quarter from 1Q 2007 to 1Q 2008, and the average time…more

Group interested in buying Miami boatbuilder

Latitude Industries Inc., a Miami-based manufacturer of offshore high performance sport and center console boats, has received interest from an international group regarding a possible buyout. “We were recently approached by an international group who is looking to burst into the U.S. boating market,” said Latitude CEO Carolina Hernandez in a statement. “While we had…more

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Gasoline prices climb toward $4, diesel already past that mark

Gasoline and diesel fuel prices continue to climb in May. The U.S. Department of Energy, in its weekly report May 12,  listed the average nationwide retail price for a gallon of regular gasoline at $3.72.2 a  gallon. The average price for a gallon of diesel fuel was $4.33.1. The West Coast — California, in particular…more

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