NMMA reports boost in 2Q powerboat registrations - Trade Only Today

NMMA reports boost in 2Q powerboat registrations

Author:
Publish date:

New powerboat and personal watercraft registrations rose 5 percent year over year in the second quarter and 6.7 percent on a rolling 12-month basis.

Jet-drive boats dominated growth, rising 18.1 percent from last year, according to data released by the National Marine Manufacturers Association.

Inboard ski and wakeboard boat registrations also rose in double digits, 12.1 percent, on a rolling 12-month basis year-over-year.

Personal watercraft continued their ascent, with 8.2 percent more registered. Outboard boats rose 7.5 percent.

Sterndrives offset the growth, as registrations on those boats declined 10.2 percent on a rolling 12-month basis. Inboard cruisers were relatively flat, down 0.9 percent.

Among high-volume regions, growth was led by the Pacific region, which spans the Pacific coast from Washington to California, including Hawaii. That region was up 12.9 percent on a rolling 12-month year-over-year basis, the data showed.

The South Atlantic region, which spans the Atlantic Coast from Delaware to Florida, was up 10.8 percent, and the East South region, which includes Alabama, Kentucky, Mississippi and Tennessee, was up 6.5 percent.

Together these regions represent 42.9 percent of new-boat sales.

U.S. outboard engine wholesale shipments were up 3.7 percent year-over-year for the 12 months through August. That is for the NMMA’s control group of manufacturers, which represents 95 percent of the market.

Gains continue to be led by four-strokes and higher-powered engines.

Total retail sales based on warranty card registrations were up 13.6 percent.

Related

Canada’s tariff time bomb?

The Canadian government is under pressure this week to agree to a revised NAFTA. If it doesn’t happen, the tariffs on U.S. boats will stay in place and continue to damage the boating industry on both sides of the border.