NMMA Monthly Data Summary Report provides latest data analysis through November
by National Marine Manufacturers Association 19 Feb 06:35 PST
Monthly Data Summary Report © National Marine Manufacturers Association
NMMA released its Monthly Data Insight Report, providing the latest in-depth analysis of recreational boating powerboat unit sales and key economic indicators. The data in the report is provided directly from NMMA member manufacturers to NMMA and from state governments in partnership with Info-Link as part of states' new boat registration data.
The NMMA Business Intelligence team analyzes the data into monthly snapshots and as such, these reports reflect the timeliest comprehensive wholesale and retail analysis in the market through November 2024. The report includes economic data from the same time period to demonstrate what was happening in the market at the time the sales occurred. The report spans a rolling 12-month period.
Highlights from the November 2024 Data:
- Retail sales of new powerboats declined by -9.4% year-over-year, underscoring the impact of ongoing economic pressures and shifting consumer confidence that often comes in a presidential election year.
- In November 2024, gas prices fell by $0.09, bringing the national average to $3.05 per gallon. This slight dip followed a period of rising prices, offering some relief.
Continue reading the full article here...