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Boat sales jump 10% this year; Rise expected to continue

Categories: Products
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Published on: 2013/01/18

Boat sales jump 10% this year – Business – MiamiHerald.com.

Read more at:  http://www.miamiherald.com/2012/12/17/3142256/boat-sales-jump-10-this-year.html

Fort Lauderdale International Boat Show 2012

 

Sales of new recreational powerboats are estimated to be up by 10 percent in 2012, according to the National Marine Manufacturers Association.

“We are pleased to see the industry growing,” NMMA president Thom Dammrich said. “Our projection is the industry will grow in 2013 by another 5 to 10 percent.”

Dammrich said the level of growth depends on conditions like consumer confidence and the housing market — and sustained increases in Americans’ participation in outdoor recreation.

The 2012 projections represent the first signs of steady growth across the powerboat market since the economy hit bottom in 2008-09 and new boat production dropped 80 percent. Even now, Dammrich, said production and retail sales are only about half of what they were during the peak in 2007.

Fueling the growth in new boat sales are purchases in the 15- to 26-foot range, which make up 96 percent of the 12.4 million boats registered in the U.S., according to the NMMA. While the numbers are up in almost every segment of the industry, the toppers are pontoon boats.

Read more here: http://www.miamiherald.com/2012/12/17/3142256/boat-sales-jump-10-this-year.html#storylink=cpy

 

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