The NMMA reported today in its New Powerboat Registrations Report that new registrations were up 4.4% year-over-year (YOY) for the rolling 12-month (R12M) period through September. Growth in registrations was led by the following segments: cruisers (up 9.1%), tow boats (up 7.7%), pontoons (up 7.1%) and personal watercraft (up 6.4%). Outboards boats, which represent 65% of total new powerboat sales, were up 4.2% in registrations. Larger boats 27ft and greater were up 7.8 % for the period.
The US trade association also reported powerboat retail unit sales were up 3.8% through the third quarter. This comes as key economic indicators (consumer confidence, GDP, housing) continue moving positively in the boating industry’s favour.
“Positive economic conditions and sustained consumer spending are contributing to a market favorable for continued retail sales growth,” said Thom Dammrich, NMMA president, in a statement. “We’re seeing retail sales of aluminium outboards, ski boats, jet boats and personal watercraft increasing annually year-over-year compared to September 2016, while overall growth for traditional powerboats was offset by a slight dip in inboard cruisers along with a continued decline in sterndrive boats.”