Skip to main content

Boat sales edge lower in July

The data represent 30 states, about 55 percent of the U.S. boat market. Coast Guard (documented vessels) information is complete.
 If you have any questions, please contact Statistical Surveys Inc. Phone: (616) 281-9898 Website: www.statisticalsurveys.com

The data represent 30 states, about 55 percent of the U.S. boat market. Coast Guard (documented vessels) information is complete.  If you have any questions, please contact Statistical Surveys Inc. Phone: (616) 281-9898 Website: www.statisticalsurveys.com

Sales of new recreational boats slipped slightly in July, marking the second month in a row of modestly rising or falling sales after a strong industry showing in May. 

Sales rose 2.4 percent in the main powerboat segments, or 288, to 12,379, but industrywide sales dropped 0.5 percent, or 125, to 22,617 from July of last year in 30 earlyreporting states that represent about 55 percent of the U.S. boat market, Statistical Surveys reported. 

“We kind of missed the mark in July,” says Statistical Surveys sales director Ryan Kloppe, although he noted strengths for the month in sales of aluminum fishing boats, outboard fiberglass boats and yachts 41 feet and larger. 

“The main powerboat segments are up,” he says. 

Kloppe says the gains in two yacht categories, where boats sell for higher prices, reflect industry expectations that there would be “moderate sales growth [this year], although the dollar growth will be greater than the retail sales [volume] growth.” 

Boat sales in July of 2016 fell 7 percent in the main segments and 5.7 percent industrywide in 28 states in what was one of the industry’s weakest months of the year. 

Sales in June this year were up 1.8 percent in the main segments and 1.5 percent industrywide. The industry had its strongest month of 2017 in May, as sales rose 8.5 percent in the main segments and 8 percent industrywide. 

For 2017 through July sales are up 3.6 percent, at 113,662, in the main segments and 3.1 percent, at 174,202 industrywide in the early-reporting states. The results lag industry forecasts for a 2017 sales increase of 4 to 6 percent. 

Kloppe says the industry has reason to believe sales could rise during the last part of the summer in August and September. “We still have some warm weather ahead,” he says. 

Fiberglass outboard boats from 11 to 50 feet topped the main segments in sales this July at 4,163, up 3.6 percent from last year. 

Percentagewise, sales of aluminum fishing boats led the main segments with a gain of 8.4 percent, to 2,471, but sales of pontoon boats, a stalwart industry category since the Great Recession ended, were virtually flat, rising 0.3 percent, or 13, to 3,869. Sales of ski and wake boats rose 3.5 percent, to 835. 

Through July in the early-reporting states, sales of fiberglass outboards are up 5.6 percent, at 33,626, and pontoon sales are up 5.5 percent, at 34,818. Sales of aluminum fishing boats and pontoons and fiberglass outboards all exceed 30,000 through July. 

Sales of inboard and sterndrive boats, which have struggled in recent years, fell 9.8 percent in July, to 864, and they are 7.4 percent lower for the year through July in the earlyreporting states, at 7,056. 

Outside the main segments, sales of personal watercraft, another category that has performed well during the recovery, fell 1.9 percent, to 8,253. For the year through July sales of PWC are up 5.5 percent, at 41,635, in the early-reporting states. 

Sales of jet boats dropped 8.1 percent, to 499, but for the year through July that category is also an industry bright spot — up 6.4 percent, at 3,352. 

The Coast Guard was up to date in its reports on documented vessels, providing complete figures in the biggerboat categories. 

In the 31- to 40-foot cruiser category sales fell by eight, to 93, but in the 41- to 65-foot yacht segment sales were up 13, to 69. Sales of 66-foot and larger semicustom and custom yachts rose by one, to 15.

This article originally appeared in the October 2017 issue.

Related

Northpoint

Northpoint Expands Marine Presence

Northpoint Commercial Finance has partnered with Elite Recreational Finance to offer retail financing.

BRP

BRP Reports 71% Increase in Q3 Revenues

The Sea-Doo manufacturer had total revenue of $2.7 billion, but North American marine retail sales were down 47%.

Airmar

Airmar Announces Training Dates

Certified Installer and SmartBoat system classes are being held this month in New Jersey and next year in New Hampshire.

Norm

The Survey Says …

Surveying customers to find out what they think about your business has never been more important.

1_MDI

Marine Development Inc. Changes Hands

Mick Webber, the former president/CEO and owner of HydroHoist, has purchased the company from its founders.

Screen Shot 2022-11-30 at 10.06.58 AM

Yanmar Reports Record First Half

Supported by overseas growth in construction equipment, generators and components, the company announced net sales of approximately $3.5 billion.

1_FWC.DERELICTS

FWC Accepting Vessel Turn-In Applications

The program disposes of unwanted, at-risk vessels before they become derelict at no cost to owners.

1_WAHLSTROM.ACQUISITION

Walstrom Acquires Grand Bay Marine

The transaction expands the company’s footprint in the Great Lakes region and brings the Regal, Starcraft, Godfrey, Bayliner, Robalo and Berkshire brands to Walstrom’s portfolio.

1_ROWE.OBIT

Indmar Co-Founder Dies at 95

A 20-year veteran of the U.S. Marine Corps, Dick Rowe dedicated himself to the recreational boating industry for more than four decades.