Please select your home edition
Edition
A+T Instruments BFD 2024 Leaderboard

Demand slows as market watches economic indicators

by National Marine Manufacturers Association 8 May 06:39 PDT
Recreational Boating Economic Indicators © National Marine Manufacturers Association

As the U.S. recreational boating industry moved into the first quarter of 2025, new data from NMMA's Monthly Recreational Boating Industry Data Summary report paints a complex picture—defined by ongoing retail softness, cautious optimism, and a watchful eye on economic indicators that continue to shape consumer behavior.

In the 12-month period ending February 2025, total new powerboat retail unit sales declined 7.4% year-over-year to 233,737 units. Wholesale shipments saw a steeper drop, down 13.0%, reflecting continued inventory recalibration by manufacturers and dealers alike.

Continue reading the full article here...

Related Articles

Industry leaders to kick off ABC 2025
With focus on unity, advocacy and what's ahead The 2025 American Boating Congress (ABC) will officially open Tuesday, May 13 at 8:00 a.m. with a dynamic general session featuring NMMA President and CEO Frank Hugelmeyer, alongside two of the industry's most influential executives. Posted on 3 May
Dr. Shawn DuBravac to speak at ABC 2025
The Renowned Economist will talk at the American Boating Congress The NMMA is pleased to announce that leading economist and futurist Dr. Shawn DuBravac will serve as a featured speaker at the 2025 American Boating Congress (ABC). Posted on 29 Apr
White House considers cutting China Tariffs
Trump is considering reducing the tariff rate on Chinese imports to 50-65% According to an April 23 Wall Street Journal report, President Trump is considering reducing the tariff rate on Chinese imports to 50-65%. Posted on 24 Apr
Cautious optimism in Q1 2025 Survey
In U.S. Recreational Marine Manufacturing Executives report As the recreational boating industry faces shifting economic tides, understanding the sentiments of its leaders has never been more critical. Posted on 18 Apr
EU pauses Retaliatory Tariffs on U.S.-made boats
The European Commission announced the 90-day pause On April 13, the European Union officially suspended its proposed retaliatory tariffs on US-made imports, including recreational boats, until July 14. Posted on 17 Apr
Temporary tariff exemptions announced
Short-term relief for U.S. manufacturers that rely on imported components In a recent announcement, Commerce Secretary Howard Lutnick confirmed that select electronics will be temporarily exempt from newly imposed tariffs, providing short-term relief for U.S. manufacturers that rely on imported components. Posted on 14 Apr
Mixed economic news in early-year boat sales data
The latest Monthly Recreational Boating Industry Data Summary report As economic headwinds continue to shape consumer sentiment, the latest Monthly Recreational Boating Industry Data Summary report analyzes January 2025 data, offering a look at year-over-year trends. Posted on 13 Apr
Administration pauses most reciprocal tariffs
A 90-day pause on the country-specific reciprocal tariffs On April 9, President Trump announced a 90-day pause on the country-specific reciprocal tariffs, applicable to countries not currently imposing retaliatory measures against the United States. Posted on 10 Apr
Canada has no retaliatory tariffs on US made boats
Significant news for the marine industry In response to recent developments surrounding U.S. tariffs on imported vehicles, the Government of Canada has announced limited retaliatory measures—focused on U.S.-made autos to match what the U.S. has imposed on Canada. Posted on 9 Apr
What do “Liberation Day” tariffs mean for boating?
Manufacturers should promptly review the Administration's Annex II exemption list On April 2, President Trump announced a new set of trade actions, including a 10% baseline tariff on all imported goods, effective April 5. Posted on 6 Apr
North Sails Loft 57 PodcastSelden 2020 - FOOTERAllen Dynamic 40 Footer