All segments posted much slower sales declines for August. Preliminary registration data for the month showed that sales for all fiberglass boats, including PWC, declined by 18.9 percent. This report is based on 25 states, or 59 percent of the U.S. market.
Fiberglass boats in the popular 14- to 30-foot segment, minus PWC, fell 21.1 percent in the early reporting states. Aluminum sales dropped 19 percent.
PWC declined by 13.3 percent in August. Higher volume in this segment helped the all-fiberglass segment outperform aluminum for the month.
Rates of decline dropped for the second consecutive month in higher-volume states, signaling a bottom to our bear market. Hopefully, dealers can hold enough inventories to continue these positive trends through the fourth quarter.
- Aarn D. Rosen
National marine sales manager