Analyst: Ski and wakeboat sales outpace market

Wells Fargo said today that boat sales in the ski and wake segment are outperforming the broader powerboat industry.

Wells Fargo said today that boat sales in the ski and wake segment are outperforming the broader powerboat industry, according to Statistical Surveys data, a trend the bank’s analysts attribute to the pace of builder innovation and share gains from other segments, such as sterndrives.

Statistical Surveys reported that ski and wake boat sales were up 7.6 percent through July, compared with a 3.7 percent gain in the industry’s main powerboat segments.

Wells Fargo analysts said in a research note that they believe Malibu Boats and MasterCraft Boats are continuing to consolidate ski and wake boat share from smaller competitors in the segment.

Wells Fargo said its core industry outlook is for a 6 percent growth in overall sales for the full year and a 9 percent gain in the ski-and-wake category.


German Superyacht Yard Files for Bankruptcy

Nobiskrug cited a lack of orders, the Covid-19 pandemic and other factors in its decision to start the proceedings.

West Marine Acquired

The private-equity firm L Catterton will take a controlling interest in the retailer’s ownership.

Kicker Supports Two Events on Lake Havasu

The marine audio company will take part in the performance-boat events Super Cat Fest West and the Desert Storm Poker Run this weekend and next.

Bay Bridge Show Starts Tomorrow

The combined sail- and powerboat show runs through Sunday in Stevensville, Md.

Brunswick Corp. Arranges Covid-19 Vaccinations

The marine-industry conglomerate aims to protect employees and their communities against Covid-19.

Kadey-Krogen Announces New Ownership Structure

This summer, the builder and its new investor plan to reveal a five-year innovation and strategic plan.

What is America’s Finest Harbor?

Online voting is open in the US Harbors competition for the best U.S. harbor.

Bruce Van Wagoner to Retire

The 45-year industry veteran was marine group president for Wells Fargo Distribution Finance.

Patrick Acquires SeaDek Parent

The Indiana-based company continues its strategy of growth through acquisitions.