Boat-sales decline slowed in June

Author:
Publish date:
Social count:
0

New-boat sales volume declines slowed in June based on early reporting states. This report is based on 26 states, or 62 percent of the U.S. market.

Preliminary registration data for June showed that sales for all fiberglass boats fell 22.4percent, while aluminum sales were down 19.6 percent. Documented vessels were not included due to data entry delays at the Coast Guard.

Fiberglass boats in the popular 14- to 30-foot segment were down 24.4percent in the early reporting states. Unit sales were 7,186,down from 9,502.

Aluminum boats sales declined 19.6 percent on 6,533 units from 8,122 units last year. Personal watercraft sales fell 18.5 percent in the month, dropping from 8,001 units to 6,518 units.

The lower rates of decline in all segments are a good sign in a high-volume month like June. Liquidation sales are moving older boats at retail, and the surplus inventory in the field is beginning to sell through. We're not out of the woods yet, but we're moving in the right direction.

— Aarn D. Rosen

National Marine Sales Manager

Statistical Surveys Inc.

Related

Dealers cautiously optimistic in March

Potential tariffs on aluminum and aluminum sheet are the most concerning policy issue facing the industry outside of workforce challenges, with the spread of E15 following closely behind, according to a new dealer survey.

Hinckley’s Scott Bryant

The Hinckley Company has long been a leader in technology, and in 2017, it became the first production boatbuilder to roll out an all-electric luxury yacht, Dasher.

Full Slate at ABC

A slew of major marine industry issues — including some it has confronted for years — are closer than ever to being resolved, making the American Boating Congress, May 9-11 in Washington, D.C., the most crucial to date, organizers say.