Skip to main content

Analyst expects boat sales growth in June

Marine lending sources are indicating that June retail unit sales will be up 5 percent from last year.

Marine lending sources are indicating that June retail unit sales will be up 5 percent from last year, as virtually all segments exhibited growth.

That’s according to Wells Fargo industry analyst Timothy Conder, who says in a report released today that growth will be led by aluminum fishing, outboard saltwater fishing and large boats.

The towable segment — ski, wake and surf — and aluminum pontoon segments were also strong, Conder wrote.

“Aged channel inventory — i.e., one year and older — of new boats hit another seasonal historical low and overall channel inventories remain very lean,” Conder wrote in his report. “Additionally, our contacts indicate that May data will likely be revised upward from 2.0 percent in our traditional segment, plus ski/wake/surf boats to a positive number as additional reporting states are included.”

Statistical Surveys data for June are expected between July 15 and 21.

Although investors continue to be “excessively concerned” about boat equities after mixed weather and historically low seasonal trading patterns, Conder recommended buying public boat company shares aggressively prior to sales data releases.



Ho, Ho, Ho, You Better Watch Out

It may be too early to decorate the showroom, but it’s not too early to hatch a marketing plan to profit from the holiday selling season.


Industry reacts to IBEX cancelation

With Ian expected to hit Florida’s west coast as a major hurricane, the consensus among those who spoke with Trade Only Today say it was the correct decision.


Ready for a Revolution

Electrification has been an increasingly common buzzword in the marine industry, especially in the past four to five years.


MarineMax Makes Appointment to its Board

Mercedes Romero has expertise in global procurement and strategic planning, working with such companies as Procter & Gamble and Starbucks.


DEALERS: Are Interest Rates Impacting Demand?

This month’s Pulse Report survey asks dealers whether interest rate increases are causing a downturn in boat sales. Take the survey here.


Spot Zero Announces Expansion

The Fort Lauderdale-based reverse osmosis systems manufacturer is adding a 20,000-square-foot production facility.

1_Seakeeper Ride 450_2023 Sportsman Open 232 Center Console

Seakeeper’s New System Targets Pitch

Seakeepeer, whose gyroscopic stabilizers set the marine industry standard for eliminating as much as 95 percent of a boat’s roll, is now turning its attention to eliminating pitch with their Seakeeper Ride system.


Propeller Precision

Yamaha’s new $20 million foundry produces about 100,000 propellers a year


PR Firm Celebrates 60th Anniversary

Martin Flory Group has served the RV and marine industry segments since 1962.