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Powerboat registrations up 3 percent through May

PowerboatRegistrations

The National Marine Manufacturers Association reported today that powerboat registrations were up through May on a rolling 12-month, year-over-year basis. Registrations also rose 1 percent on a rolling three-month, year-over-year basis.

According to a story in today’s Currents e-newsletter, personal watercraft were up 13 percent, followed by cruisers (8 percent) and towboats (5 percent). NMMA reported that registrations of new saltwater fishing boats were up 5 percent in the rolling three-month period, year-over-year, through May after being down the first quarter.

New pontoon registrations were down 3 percent R3M, YOY through May.

“We anticipate modest growth of up to 2 percent in new powerboat unit sales in 2019 and saw steady sales momentum in several segments through May, heading into June, July and August — the busiest selling months of the year," NMMA president Thom Dammrich said in the story. "Personal watercraft, towboats, as well as saltwater fishing boats and cruisers, with a boost from outboard-propelled cruisers, drove new powerboat sales gains through May."

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