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Boat Sales Reach Pre-Recession Levels in Q3

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Recreational boat sales rose less than 1 percent in the third quarter, but that was enough for the industry to record the highest sales for that quarter since 2008, just before the Great Recession, Trade Only Today reports. 

Sales rose 1.1 percent in the main powerboat segments to 43,494 and 0.8 percent industrywide to 73,055 in 47 states that represent 97 percent of the U.S. boating market, Statistical Surveys said today.

“It’s slight growth,” said Statistical Surveys sales director Ryan Kloppe, but he said it’s growth nonetheless and builds on gains from previous years. “We’re still on pace for a 5 to 6 percent increase this year.”

The industry sold 72,496 boats in the quarter last year. The third quarter is typically the second-busiest of the year.

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