Updated:
Original:

August boat sales top analyst projections

August boat sales beat the expectations of Wells Fargo analysts who follow the marine industry.

Sales rose 11.8 percent in August, which was a modest increase from senior analyst Timothy Conder’s 10 percent projection.

August results were strong against challenging comparisons between 2012 and 2013, Conder wrote after data were released by Statistical Surveys and reported by Trade Only Today. Year-to-date retail sales were up 4 percent, compared with 13.3 percent a year earlier, following a first-half-of-year increase of 0.8 percent in 2013, compared with a 14.1 percent increase for the same period in 2012.

“Overall, inboard fiberglass boat sales appear to be stabilizing (down 1.4 percent, compared with a decline of 13.5 percent in the first half of 2013) as mid­size boat (31 to 62 feet) sales accelerated to offset the drop in small fiberglass boat sales” between 14 and 30 feet, Conder wrote.

Wells Fargo is reiterating its full-year industry growth projection of 4 to 5 percent.

Click here for the full report.

Related

Freedom Boat Club Acquires Conn. Franchise

With the acquisition of its franchise operation and territory in the Nutmeg State, the Brunswick subsidiary accelerates its Northeast brand expansion.

Sailing HOF Honors Inductees

In a ceremony in Newport, R.I., 11 sailors were honored as the Sailing Hall of Fame Class of 2021.

CSP Joins ‘Thirty by Thirty’ Coalition

The Center for Sportfishing Policy and 54 coalition members submitted recommendations for the Biden Administration’s America the Beautiful initiative.

Entries Open for Neptune Awards

The Marine Marketers of America is accepting submissions for its annual contest in 23 categories through Dec. 6.

CSP Joins ‘Thirty by Thirty’ Coalition

The Center for Sportfishing Policy and 54 coalition members submitted recommendations for the Biden Administration’s America the Beautiful initiative.

Take Action Now

We must take action to push Congress to reauthorize the Sport Fish Restoration and Boating Trust Fund. Here’s how you can help.

Southern Marinas Acquires Missouri Facility

Millstone Resort and Marina on Lake of the Ozarks is the fifth addition this year to the company’s portfolio.