Boat sales continue decline in October

Author:
Publish date:
Social count:
0

The 14- to 30-foot fiberglass market fell at about the same rate as last month, according to preliminary numbers for October.

Fiberglass boats in the 14- to 30-foot segment were down 22.5percent for the month.

Aluminum boats sales fell at about the same rate as fiberglass in the month, dropping 22.7 percent.

The rate of decline for PWC was up dramatically compared to last month, posting a steep decrease of 42.6 percent.

These statistics include34 early reporting states, which represent approximately 70 percent of the national market.

Retail sales for new boats in October indicated that the market is still contracting, but at a slower rate than during the primary boat-buying season.

The good news is that pipeline inventory is continuing to drop and the new model year will bring new boats to entice more buyers back into the marketplace.

— Aarn D. Rosen

National marine sales manager

Statistical Surveys, Inc.

Related

American Sailing Association reaches milestone

The American Sailing Association recently certified its half-millionth sailor. Since the association was founded in 1983, its affiliated schools and instructors have taught and certified more than 507,000 people to ASA’s 101 Keelboat Sailing standard.

First set of tariffs on aluminum sheet announced

The U.S. Commerce Department announced the countervailing tariff amounts on aluminum sheet from China, with varying amounts imposed on different Chinese suppliers that are scheduled to take effect within two to five business days.