Boat Sales Show Modest Gains in October

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Recreational boat sales posted a second consecutive month of weak growth in October, leaving the industry farther from the full-year gains forecasters were hoping for when the year began, Trade Only Today reports.

Industry-wide, sales rose just 1.3 percent to 6,953 boats and sales in the main powerboat segments declined slightly — 0.3 percent, or 14 boats, to 4,908, in 28 states that represent about 62 percent of the national market, the trade publication said, citing Statistical Surveys.

Through October, sales in the main segments are up 4.4 percent in the early-reporting states at 147,160 boats and 4.1 percent industry-wide at 228,379, a percentage point or two below the growth that was predicted.

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