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New powerboat registrations up 1.1 percent through June

September 5th, 2019 / By: / Industry News

The National Marine Manufacturers Association (NMMA) New Powerboat Registration Report has been updated with data through June. Preliminary data from the report show new powerboat registrations were up 1.1 percent through June on a rolling 12-month year-over-year basis and down 1.3 percent on a rolling 3-month year-over-year basis.

“While we’re down 2 percent YTD YOY through June and new powerboat sales weren’t as strong as we would’ve liked heading into the summer, that 2 percent decline is coming off a 10-year high in 2018,” says Thom Dammrich, NMMA president. “We’re seeing a slight softening in sales of new aluminum-hulled powerboats but demand for most categories remains healthy.”

Insights from the June report include:

•Sales of new personal watercraft and saltwater fishing boats led growth in Q2 (each up 6 percent) and accounted for nearly 40 percent of total new powerboat sales.

•Freshwater fishing boat and pontoon sales have slowed through Q2, following 2018 highs.