Winnebago, Malibu Boats, MasterCraft Boat Holdings Inc., MarineMax, Brunswick Corp., Thor Industries, and Patrick Industries all posted declines last week, some of them double-digit.
Harley-Davidson and Polaris also showed losses.
This story originally appeared in Trade Only Today.
“Boating and RV stocks are selling off as concerns as the spreading of the coronavirus in the U.S. seem to have investors questioning the impact on demand,” wrote Clark Schultz, a news editor at Seeking Alpha.
News outlets also covered the threat to luxury companies, both public and private, as coronavirus fears mounted last week.
The luxury industry was braced for $43 billion in losses, according to outlets like Business of Fashion, and a headline from The Wall Street Journal worried that the outbreak could mean problems for the “Made In Italy” brand.
Luxury markets tend to respond to threats like the coronavirus by shutting down and pulling back, according to Retail Dive. Events including the Singapore Yacht Show and the Dubai International Boat Show have also been cancelled or postponed.
However, some sectors are positioning themselves to benefit from the fear, noted one article by The New York Times.
