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New boat registrations up through June

The NMMA said in its daily Currents newsletter that preliminary data in its New Powerboat Registrations Report show that powerboat registrations were up 2.3 percent through June 2018. The new registrations are measured on a rolling 12-month year-over-year basis (R12M YOY).

The trade association reported sales of wakesports boats, cruisers, freshwater fishing boats, yachts and personal watercraft were all higher. Freshwater fishing boat sales, which accounted for nearly 30 percent of new powerboats sold on an annual basis, rose the most of all segments in the second quarter. This category was up 9.1 percent R3M YOY through June.

Sales of wakesports boats and personal watercraft were up 5.4 percent and 3.4 percent R3M YOY through June, respectively. Registrations of boats 27 feet and greater were up 9.9 percent R12M YOY. In this category, the growth was led by sales of saltwater fishing boats, which rose 12.8 percent R12M YOY.

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