Report: Wholesale boat shipments remain strong
by National Marine Manufacturers Association 27 Oct 2020 08:42 PDT
Boat manufacturing © National Marine Manufacturers Association
The NMMA reports August was another strong month for new boat manufacturing activity. 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 its latest Monthly Shipment Report (MSR).
"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. "Despite supply chain disruptions, manufacturing production has returned to near normal levels, and we expect shipments to rebound as supply deliveries come in."
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