It’s not just the RV industry that’s facing a dearth of inventory, as reported by Trade Only Today.
An amalgamation of extremely low inventory levels and record demand continues to frustrate dealers nationwide.
The parade of new-boat buyers that began in late spring of last year has not waned. At the same time, myriad challenges in meeting that demand are still being sorted out, leading to the second consecutive month of slower new boat registrations, according to preliminary June data from Statistical Surveys, a Michigan firm that tracks new boat registrations.
“We’re facing tough comps [from 2020] and zero inventory,” said Ryan Kloppe, sales director with Statistical Surveys.
The June gloom has arrived. Total industry registrations representing 27 states, or approximately 62 percent of the U.S. boating market, are down 34 percent for the month and 33 percent in the main powerboat categories.
On a year-to-year basis, the numbers are much sunnier: Overall registrations are up 17 percent in the main powerboat segment, with total industry numbers posting a 13 percent jump from 2020, with 158,379 boats sold.
Click here to read the full report from Jeff Moser in Trade Only Today.
