Boat sales drop again in third quarter

Author:
Updated:
Original:

The decline in boat sales during the third quarter of 2010 increased as the recession-racked economy continued to bedevil the marine industry.

Fiberglass sales in the popular 14- to 30-foot segment fell 29.1 percent year-over-year during the July-September quarter on sales of 16,449 units in 46 states, which represent 95 percent of the U.S. boat market. Sales of boats 30 feet and larger fell 40.3 percent on sales of 941 units.

The total fiberglass market was down 24.2 percent on 32,882 units. Aluminum boats fared better, with sales falling only 3.5 percent on 18,928 units.

In order of unit sales, the personal watercraft market saw a decline of 21.1 percent on 13,789 units; the pontoon market fell 0.7 percent on 7,250 units; ski/wake boat sales dipped 31.7 percent on sales of 1,540 units; jet boat sales dropped 21.5 percent on 1,188 units; and deckboat sales were 39.8 percent lower on 1,110 units.

— Aarn D. Rosen

National Marine Sales Manager

Statistical Surveys Inc.

Related

Quick Hits: October 28, 2020

Ranger Tugs and Cutwater Boats announce dealer awards; Cummins announces 3Q results.

Garmin Q3 Revenues Up 19%

Growth was driven by in part by a 24 percent increase in marine sales.

Groupe Beneteau Expects Revenue Declines

The group reduced investments by 30 percent in response to the Covid-19 pandemic.

A Banner Year for MarineMax

The yacht retailer saw its highest revenue and earnings in the company’s history.

New Boat Registrations Up 5.8% Year to Date

Main powerboat categories were up more than 34% year over year.

Azimut Benetti Group Sees Robust Sales in Asia-Pacific Market

The Italian conglomerate is reporting total sales of over 150 million euros in the region.