Skip to main content

A ‘Vital Economic Engine’

LeadShotNewYorkShow

New York Gov. Andrew Cuomo yesterday said his administration wants to make the Progressive New York Boat Show the “greatest boat show in the country” during a ribbon-cutting opening to mark its 115th year. In a video posted on Currents, NMMA’s online newsletter, Cuomo also spoke about the importance of the boating and fishing industries to New York’s economy. The governor was joined by NMMA president Frank Hugelmeyer, who also talked about the importance of the outdoor recreation sector to the U.S. economy.

“Driving these sales is our continued strong economy and the fact that consumers are seeking ways to find quality time,” Hugelmeyer said. “Americans are showing an increased interest in getting outdoors. The outdoor recreation economy continues to outpace U.S. domestic growth and is now on par with telecommunications. Fifteen states have recognized that it’s an economic giant. With that growth comes the need to focus on conservation. Americans need to demand clean water and healthy fish populations. Conservation efforts need to be directly funded.”

Hugelmeyer praised New York’s recreation economy, saying the state ranks among the top five states where outdoor recreation accounts for the largest percentage of GDP.

Cuomo echoed that theme, noting that boating is an $8 billion industry in the state, with thousands of businesses. He said the state recently launched the Restore Mother Nature initiative. “It’s a $3 billion program to restore fisheries, clean up waters and build the world’s longest artificial reef in Long Island,” Cuomo said, noting that “fishermen were the first environmentalists.”

Like Hugelmeyer, Cuomo said boating has played an important role in his family’s life. “Most of our family pictures were taken in boats,” he said. “Those are still our best moments.”

Cuomo said boating and fishing remain a “vital economic engine” for New York. He wants the New York show to expand after the completion of an extension to the Javits Center next year. “We’d like to see this show move from 350 to 500 boats,” Cuomo said. “We want to make it the greatest boat show in the U.S.A.”

Related

VOLVO-EARNINGS

Volvo Penta Reports Q4, FY22 Results

Net sales of $470 million for the quarter were a 33% increase compared to the prior year period.

Pulse-Report

DEALERS: Are You Improving the Service Experience?

Our monthly Pulse Report survey asks this and other questions about your dealership. Take the survey here.

NMRA-SCHOLARSHIP

NMRA Sets Scholarship Deadline

Students pursuing education in the marine trades can apply for the National Marine Representatives Association awards until April 1.

MARINE-PRODUCTS

Marine Products Reports Record Q4

The builder of Chaparral and Robalo boats reported net sales were up 42% for the quarter and 28% for fiscal year 2022.

1_SHURHOLD

Shurhold Appoints COO

Forrest Ferrari has years of management, business development, IT and quality-assurance experience.

MOBILE-CATCH-CENTER

RBFF, Pure Fishing Partner for a First Catch Center

Pure Fishing will equip a mobile trailer with tackle and gear to bring fishing experiences to areas of South Carolina where participation is low.

Norm

An Oft-Overlooked Sales Opportunity

A recent report from the Recreational Boating & Fishing Foundation showed that women comprise 37% of all anglers. If you haven’t tapped this segment, you’re missing out.

1. 2023 new boat retail outlook

Too Many High-Priced Boats

To wrap up 2022, marine retailers reported lower demand, expressed more negative sentiment and voiced concerns about rising inventory. Boat prices and the economy remained top of mind for dealers in December.

Soundings Nov 2022

New-Boat Registrations Continue to Slide

As the gaudy sales figures from the pandemic continue to return to more realistic numbers, the main segments of the recreational boating industry saw new-model registrations of 4,421 in November, a 30.3% drop from 6,340 during the same time in 2021. .