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.
New Boat Sales
Statistical Surveys, a Michigan company that tracks new-boat registrations, provides monthly, quarterly and annual reports on boat sales from every state in the country.
Recreational boat sales slipped in December, but full-year figures based on results from 27 early-reporting states, including Florida and Texas, showed that industry sales rose about 5 percent last year.
John Adey President, American Boat & Yacht Council Here at ABYC we are seeing a positive trend that I can predict will only become more popular as 2016 rolls into 2017. The trend is the desire for and formalization of education and certification. Companies such as Evinrude and Yanmar made large announcements about improving their…more
Lifted by Florida and Texas, the nation’s top two states for sales, the recreational boating industry achieved moderate growth in November that raised the year’s percentage sales gains to levels more in line with forecasts.
Recreational boat sales rose less than 1 percent in the third quarter, but that was enough for the industry to record the highest sales for that quarter since 2008, just before the Great Recession.
Recreational boat sales posted their second consecutive month of weak growth in October, leaving the industry farther from the full-year gains forecasters were hoping for when 2016 began.
The recreational marine industry followed double-digit August sales gains with a slow-growth September, adding to the unpredictability of a year marked by inconsistent sales.
U.S. powerboat sales are expected to be flat to up as much as 2 percent in September, with retail dollar sales up 4 to 5 percent, based on analyst discussions with marine lenders.
The recreational marine industry’s 2016’s story remains a page turner, and it’s getting better.
Marine lenders say August powerboat sales offset weak July sales with strong dollar growth and unit growth.