New powerboat registrations down slightly through July
by National Marine Manufacturers Association 20 Sep 2019 07:20 PDT
New powerboat registrations down slightly through July © Matt Knighton
NMMA's New Powerboat Registration Report has been updated with data through July. Preliminary data from the report shows new powerboat registrations were down 0.4 percent through July on a rolling 12-month year-over-year basis (R12M YOY) and down 2.4 percent on a rolling 3-month year-over-year basis.
"Much of the minor softness we're seeing is weather-related with the fundamentals that drive industry sales remaining strong and new powerboat sales are still at their second highest levels in 11 years," said Dr. Thom Dammrich, NMMA president. "Wake boat and personal watercraft sales remain strong with this year's slowdown skewing toward small to mid-sized aluminum boats, a high-volume segment that impacts the overall new powerboat average."
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