May sales were down in nearly all regions

Author:
Updated:
Original:

Preliminary regional boat sales data for May shows only the East South Central region showing a positive gain.

69_numbers_01

The East South Central region reported 2.1 percent of positive retail growth year-over-year in May, continuing a three-month positive trend. The entire boat market declined 15.8 percent in May.

These numbers represent the entire fiberglass and aluminum markets, including PWC. These statistics include 29 early reporting states, approximately 67 percent of the national market. May represents about 15 percent of total annual retail volume on a calendar-year basis. All percentage changes are year-over-year comparisons.

The Pacific region was the hardest-hit region again this month with a 36.1 percent decline.

For the 12-month rolling time frame, the East North Central Region dropped 11.2 percent and the West South Central matched that decline as it was down 11.3 percent.

The East South Central Region leads the country in growth year-to-date with an increase of 0.2 percent. Overall, 2010 is still trending down by 12.4 percent year-over-year for the first five months of 2010.

Retail activity in May was disappointing. The Gulf oil spill and relatively stagnant employment numbers appear to be hampering a short-term market recovery. Gas pricing and weather patterns continue to be positives as boat dealers move into the heavy selling season.

This article originally appeared in the August 2010 issue.

Related

A Record Q2 for Brunswick

With strong global demand in all its business segments, Brunswick Corp. reported another stellar quarter, posting a 57 percent jump in net sales.

OneWater Adds PartsVu

The online marketplace for marine parts, accessories and electronics posted $25 million in sales over the last year.

Groupe Beneteau Updates Revenue Forecasts, More

The builder saw gains in its boat and luxury-home sectors and made several acquisitions, including a majority stake in Dream Yacht Group.

Golden Manufacturing Expands

The fabricator of aluminum boat lifts and aluminum and concrete floating docks adds 18,000 square feet to its Fort Myers, Fla., headquarters.

GetMyBoat Takes You to the Movies

The boat rental marketplace site teams with Disney’s Jungle Cruise for a contest to win a boat trip or movie tickets.

ConMar Adds to Sales Team

The manufacturers’ representatives add industry vet Brain Steele.

Will Canada Reopen to Boaters?

Set to open its borders to fully vaccinated U.S. residents next month, our neighbor to the north could be facing a strike by Canadian border guards and customs officials. Plus, the Great Lakes welcomes a newly designated marine sanctuary.