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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.



MMTA Sets Date for Conference

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AkzoNobel Nominates Board Member

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Neptune Awards Adds Category

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Sailing Convention for Women Returns

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MBIA Names Board Members

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Legend Boats Partners With Boat Fix

The Canadian builder will offer the telematics system, which provides tracking, monitoring and 24-7 service, on new models starting next year.


MarineMax Establishes Technology Division

The company’s Boatyard and Boatzon units will operate under the new entity, New Wave Innovations.


Suntex Purchases New Jersey Facility

Green Cove Marina in Brick is the company’s latest acquisition on the Jersey Shore, joining Channel Club Marina and Key Harbor Marina.