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NMMA report touts positive trends for boat sales

Retail sales of nearly all powerboat categories are growing on both an annual and quarterly basis.

Retail sales of nearly all powerboat categories are growing on both an annual and quarterly basis, with the exception of sterndrive boats, and powerboat sales were up 6.8 percent in 2015, compared with the previous year.

That’s according to the National Marine Manufacturers Association, which has released its first-quarter data dashboard, a report that provides insight on 93 boat market statistics and economic indicators, including home price trends, boat sales in 20 major markets, wholesale forecasting, small business sentiment and the economic health of major export partners.

The report showed that consumer confidence, as measured by The Conference Board’s Consumer Confidence Index, rebounded in March to 96.2 and that gas prices remain at relative lows, averaging $1.98 for the week that ended April 16.

Unemployment rates remain at historical lows at 5 percent in March, the report showed.

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