Quick Hits: August 11, 2020

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Yamaha Rightwaters partnered with Anderson Marine to repower the Keep the Tennessee River Beautiful’s 25-foot work boat, now outfitted with a V MAX SHO 90-hp outboard. The group will use the boat for cleanup missions along the 652-mile Tennessee River that flows through Tennessee, Alabama, Mississippi and Kentucky. Its tributary rivers flow through North Carolina, Virginia and Georgia. “Many communities along the river thrive on the recreation industry, and without good stewardship of this natural resource, those communities would struggle,” said KTNRB director Kathleen Gibi in a statement. “The team at Yamaha understands this connection. With the support of Yamaha Rightwaters, we have the ability to take our efforts to the next level.”

Similar to gains in the marine industry, towable recreational vehicle sales grew 23 percent in June, and motorized RVs grew 12 percent, according to BMO Capital Markets analyst Gerrick Johnson, who was citing data from Statistical Surveys, Inc. Travel trailers saw the biggest increase, 28 percent, followed by camping trailers, which grew 21 percent. “These two categories are the main beneficiaries of influx of first-time buyers seeking to enter the RV lifestyle at affordable price points,” wrote Johnson. The marine industry has seen a similar trend during the coronavirus, with many value categories up 40 percent in July. 

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