Boat sales continued downward trend in May - Trade Only Today

Boat sales continued downward trend in May

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Boat sales were down in May, with aluminum boats faring slightly better than fiberglass boats, according to Statistical Surveys.

The report includes 25 early reporting states, which represent close to 59 percent of the national market.

Fiberglass boat sales, in the popular lengths of 14 to 30 feet, are down from last May, falling 30.4 percent in the early reporting states. On a rolling 12-month basis, the market is down 16.9 percent.

Aluminum boats sales fell 20.1 percent in May, and are down 9.2 percent for 12 months from May 2007.

PWCs decreased 24.2 percent in the month and are down 10.6 percent for May on a 12-month rolling basis.

“Low retail boat sales in May reinforce plummeting consumer confidence in the domestic marketplace,” Aarn Rosen, national marine sales manager for Statistical Surveys, told Soundings Trade Only.

“All segments are being affected. Our industry should be comforted by the fact, that all other vehicle markets (RV and motorcycle) are battling identical circumstances,” he added.

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