Registration Declines Starting to Ebb
February 22, 2023
The majority of segments showed declines in new-boat registrations in December, with the total industry being down 15.8% compared with a year earlier.
The majority of segments showed declines in new-boat registrations in December, with the total industry being down 15.8% compared with a year earlier.
As the gaudy sales figures from the pandemic continue to return to more realistic numbers, the main segments of the recreational boating industry saw new-model registrations of 4,421 in November, a 30.3% drop from 6,340 during the same time in 2021. .
Continuing the trend from the previous month, new-boat registrations for the main powerboat segments in October were down 23% from the previous year, at 5,577, compared with 7,246.
Boat sales were down across most categories in September, according to registration data from 34 states.
Year-over-year boat registrations are up, and experts say retail demand is starting to normalize
Boat registration totals for July mostly revealed considerable weakness compared with a year earlier, and tumbled back into a steeper downtrend than the prior month’s comparisons.
Registrations increase for yacht and jetboat categories,
suggesting that boatbuilders are catching up on backlogs
Volumes of new powerboats, aluminum boats and personal watercraft in the United States continued a downward trajectory in May, according to a survey of state boat registration data.
Overall demand trends are still very strong even though recreational boat registrations continue to plunge in most vessel categories. Only three of the 15 boat-type categories saw increases in April 2022—sail was the lone category that was up in March.
New-boat registrations are still dropping even though the demand is strong—the problem is lack of inventory.
The majority of segments showed declines in new-boat registrations in December, with the total industry being down 15.8% compared with a year earlier.
As the gaudy sales figures from the pandemic continue to return to more realistic numbers, the main segments of the recreational boating industry saw new-model registrations of 4,421 in November, a 30.3% drop from 6,340 during the same time in 2021. .
Continuing the trend from the previous month, new-boat registrations for the main powerboat segments in October were down 23% from the previous year, at 5,577, compared with 7,246.
Boat sales were down across most categories in September, according to registration data from 34 states.
Year-over-year boat registrations are up, and experts say retail demand is starting to normalize
Boat registration totals for July mostly revealed considerable weakness compared with a year earlier, and tumbled back into a steeper downtrend than the prior month’s comparisons.
Registrations increase for yacht and jetboat categories,
suggesting that boatbuilders are catching up on backlogs
Volumes of new powerboats, aluminum boats and personal watercraft in the United States continued a downward trajectory in May, according to a survey of state boat registration data.
Overall demand trends are still very strong even though recreational boat registrations continue to plunge in most vessel categories. Only three of the 15 boat-type categories saw increases in April 2022—sail was the lone category that was up in March.
New-boat registrations are still dropping even though the demand is strong—the problem is lack of inventory.
