NMMA Report: Boat builders facing hurdles as they work to fill backorders
by National Marine Manufacturers Association 4 Mar 2021 08:07 PST
Wholesale boat shipments and new powerboat retail sales climb for third consecutive month © NMMA
2020 was both a historic year for retail boat sales and a disruptive year for boat builders working to meet the heightened demand and replenish record low inventories amid challenges caused by the COVID-19 pandemic. According to NMMA's latest Monthly Shipment Report, wholesale shipments of new powerboats during December gained momentum compared to November to close out 2020 down 15% for the year compared to 2019.
Of note in the December Monthly Shipment Report, manufacturing of personal watercraft, outboard boats, jet boats and sterndrive boats ramped up in December, boosting powerboat wholesale shipments up 17% compared to November. However, current inventory levels are tracking 20%-60% below normal levels.
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