Pre-owned boat sales grow in 2017

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Pre-owned sales grew for the third consecutive year in 2017

Pre-owned sales grew for the third consecutive year in 2017

In 2017, 988,200 boats were sold preowned for a total of $9.3 billion, up 0.7 percent in units and 1.9 percent in dollars compared to 2016.

Unit sales of preowned boats — including traditional powerboats, personal watercraft and sailboats — were up in all boat categories in 2017, except sterndrive boats which were down 3.9 percent compared to 2016, according to the National Marine Manufacturers Association.

The increase in overall preowned sales marked the third consecutive year of growth.

Pre-owned inboard ski and wakeboard boats led growth in 2017, up 8.9 percent from 2016, followed by PWC, which were up 2 percent.

Outboard boats again were the most popular in terms of units sold, accounting for 61.6 percent of pre-owned boats sold in 2017.

Traditional powerboats — outboard-, sterndrive-, inboard-, or jet-propelled — accounted for 83.8 percent of total pre-owned boat unit sales and were up 0.4 percent in 2017, the NMMA reported in the newly-released preowned section of its Statistical Abstract.

Sales of pre-owned inboard ski/ wakeboard boats accounted for 2.2 percent of total pre-owned boats sold last year.

The NMMA will release sections on powerboat sales trends; cruiser, watersport, and offshore fishing boat sales trends; and total industry sales by category and state in June.

In July, the group will release its section on total boat registrations, and plans to issue the full report in August. 

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