New boat registrations in April fell 36 percent overall year-over-year and nearly 38 percent in the main powerboat categories, according to preliminary data from Statistical Surveys Inc., a Michigan firm that tracks new boat registration data.
This is the first full month of data that reflects the effects of the COVID-19 pandemic on consumer trends. However, some states also may be lagging in submitting registration data due to widespread shutdowns and work-from-home orders.
This story by Reagan Haynes originally appeared in Trade Only Today.
Firms like KeyBanc Capital Markets were reluctant to place too much emphasis on the data – as key states like Michigan and Texas have yet to report – according to a report by CFA Brett Andress and CFA Robert Aurand.