Powerboat retail sales slid by 20% in the first quarter compared with the same quarter in 2021, but the volumes continue to exceed pre-pandemic levels, according to the National Marine Manufacturers Association.
New powerboat sales totaled 54,000 units in the first quarter, which is 20% higher than the 45,000 units tallied in the first quarter of 2019, NMMA said in a statement yesterday.
Pontoon retail sales were down 12% in the first quarter. Wakesport boats were off by 11%. Cruiser retail sales dropped 17%. All three categories are still well above first-quarter levels in 2019, according to the NMMA’s New Powerboat Registrations Report.
“Not surprisingly, we’re seeing sales begin to stabilize following extraordinary growth in 2020 and 2021 as competition returns for consumer spending among goods and services that were in many ways inaccessible during COVID, such as travel, sporting events, concerts and other activities,” Ellen Bradley, NMMA senior vice president, said in the statement.
Click here to read the full report from Dom Yanchunas in Trade Only Today.
