According to today’s NMMA Currents newsletter, registrations of new powerboats grew for all segments on both a rolling 12-month and three-month year-over-year basis through October. Towboats led growth (up 11.1 percent), followed by personal watercraft (up 7.6 percent) and pontoon boats (up 5.4 percent).
The data is available for members here.
But the parent of Chaparral and Robalo said demand for smaller boats dropped while labor costs rose.
The company declared a quarterly cash dividend of $0.17 per share.
Tariffs and growing labor costs created headwinds.
Watershed Innovation’s partnership with a local university results in a concept boat that is 30 percent quieter than a traditional jon-boat.
Erik Christiansen was the former general manager of Mercury Racing.
Fort Wayne operation surpasses two million hours with no lost time.
Its Marinas Group names four new members and its Superyacht Refit Group adds one member.
Secretary of Commerce Wilbur Ross and EPA Administrator Andrew Wheeler to address industry issues at NMMA legislative conference.
