Skip to main content

October stats: boat sales down sharply

Retail activity continued to fall as consumer confidence hit a record low in October.

Preliminary registration data for the month showed a drop of 40.5 percent for all fiberglass boats, while aluminum sales fell 25.2 percent. The change in fiberglass affected most major markets around the country. This report is based on 29 states, including California, Florida, North Carolina and Texas.

The 40.8 percent drop for fiberglass boats came in the 14 to 30 feet category. For the 12-month rolling period, sales were down 31.1 percent. For 12 months rolling, aluminum sales were down 17.7 percent.

PWC decreased by 39.2 percent for the month and 27 percent for 12 months, trending similarly to fiberglass.

Fortunately, October sales only represent around 4 percent of the year’s entire volume. These sharp declines are unprecedented in the history of our record-keeping. Consumer confidence will have to be restored before the market can turn the corner and begin to reflect more normal sales levels.

— Aarn D. Rosen
National Marine Sales Manager
Statistical Surveys

Related

norm

Get Out Ahead of E15 Misfueling

With 15 percent ethanol-blended gasoline approved for summer use, “it’s déjà vu all over again.” Meanwhile, MRAA is offering a wealth of resources for dealers to get into the preowned market.

1_ABC

ABC Gets Underway in Washington, D.C.

The American Boating Congress opened yesterday, and NMMA outlined four pieces of legislation that are its top advocacy initiatives.

1_BENETEAUEARNS

Beneteau Reports Higher Boat Revenue, Flat Outlook

The builder said boat sales rose in the first quarter, with North American sales outperforming, but it did not change its full-year guidance.

1_INFLATION

Inflation Decelerates; Core CPI Up

The Labor Department reported that core CPI, which excludes food and energy, increased 0.6 percent in April after rising 0.3 percent in March.

1_LCIEARNS

LCI Reports Increased Sales, Profit

The company said net income more than doubled in the first quarter, and sales to marine manufacturers rose 49 percent.

1_MRAAGRANT

MRAA Proposes ‘BOAT Jobs’ Apprenticeships

The association, backed by 26 marine organizations, is seeking a federal grant to fund the workforce development program.

1_NAUTICALVENTURES

Nautical Ventures Receives Dealer Recognitions

The retailer recently was recognized as dealer of the year by Axopar Boats, Flite and NautiBuoy Marine.

1_TRIGG

NMMA Hands Out Leadership Award

Hammond Marine Industry Leadership Award recipient and former Dometic executive Ned Trigg was recognized for his service to the boating industry.

1_MALIBUEARNSusethisone

Malibu Reports Record Sales, Profit

The company said revenue and net income climbed, aided by increased selling prices and an unexpectedly high number of boats delivered.