New boat registrations declined 12% year-to-date and 9% year-over-year in the main powerboat categories, according to preliminary data from Statistical Surveys Inc., using data from 27 states – representing approximately half of the U.S. boat market.
The industry overall was down 1.5 % year-over-year and 11% year-to-date, in part reflecting strong activity in the personal watercraft and jet boat segments.
Jet boats saw a 28% surge in registrations, from 554 in May 2019 to 707 this year.
Click here to see the full report from Regan Haynes in Trade Only Today.