Wholesale Boat Shipments Remain Strong

Publish date:

August was another strong month for new boat manufacturing activity, according to the National Marine Manufacturers Association.

While wholesale shipments of new power boats tempered following three consecutive months of growth, August had the fourth highest single-month total of new boat wholesale shipments in a decade, according to the NMMA’s latest Monthly Shipment Report.

“We saw a slowdown in wholesale shipments of new power boats in August, mainly reflecting the continued pandemic-related supply chain constraints boat builders are facing on marine parts to fulfill boat order backlogs and the surge in new boat orders,” noted Vicky Yu, NMMA director of business intelligence, in a statement.

“Despite supply chain disruptions, manufacturing production has returned to near normal levels, and we expect shipments to rebound as supply deliveries come in,” said Yu.

New wholesale boat shipments in August moderated and were down 19 percent on a seasonally adjusted basis compared to a strong July, with decreases in production across all categories except sterndrive boats.

Year to date, new boat shipments are down 10 percent through August.

Access to the MSR is free to member companies that participate in the MSR program, which represents 82 percent of the market by NMMA’s control group of manufacturers.


Boat Demand Remains Strong, But Inventory Shortages Prevail

Dealers worry that the absence of new boats is driving up prices.

Electric Boat Company Completes IPO Process

Canada-based e-mobility outfit Vision Marine raises $27.6 million to reinvest in its line of electric vessels and 180-hp, E-Motion outboard.

Besenzoni Introduces Electric-Powered Gangways

The company says it will introduce electric power across its line of ladders, tender lifts and more.

Quick Hits: November 30, 2020

Newmar celebrates 50 years; Pebble Mine permit denied by Army Corps; and several yacht builders will feature Raymarine.

NTSB Calls for Safety Changes After Dive Boat Fire Killed 34

Recommendations included interconnected smoke detectors and alternative escape paths.

Boat Registrations Continued to Soar

Strong demand continued through September.

2020: A Timeline

Changes ahead, changes behind: A long, strange year.