Boating Sales Post YOY Gains During January
Driven by the three boat types that have been the industry’s strongest sellers since the last recession ended, recreational boatbuilders and dealers began 2017 with high single-digit January gains.
Soundings Trade Only reported that sales rose 8% in the main powerboat segments to 3,584 and 9.5% industrywide to 5,062 from the same month last year in 28 states that represent about 59% of the U.S. market, according to Statistical Surveys Inc.
The gains were concentrated among fiberglass outboard boats and aluminum fishing and pontoon boats. Although January is one of the slowest months of the year, the results bode well for exhibitors at the Miami International Boat Show and Yachts Miami Beach, which opened today.
“First month of the year, it definitely does help, and it will help drive momentum,” said Statistical Surveys Sales Director Ryan Kloppe.
More than half of the January activity this year occurred in Florida, where 1,885 boats were sold, 229 more than in the same month last year, and Texas, which reported 710 sales, although that was 32 fewer than the 742 recorded a year earlier.
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