Everything Is Not as It Appears
May 24, 2022
New-boat registrations are still dropping even though the demand is strong—the problem is lack of inventory.
New-boat registrations are still dropping even though the demand is strong—the problem is lack of inventory.
With the main powerboat segments up almost 12 percent year to date, the industry is poised to exceed 300,000 units for the first time since before the Great Recession.
Almost every measure saw double digit growth.
Main powerboat categories were up more than 34% year over year.
Registrations were up 3 percent year-to-date in the main categories.
However, preliminary data shows significant bright spots among the declines.
April new boat registrations drop 37.8 percent year-over-year in main powerboat categories.
New powerboat registrations declined nearly 18 percent in March as the crisis took hold.
Main powerboat segments were up 3.8% for the quarter
The nearly complete registration data shows the sterndrive category’s continuing decline.
New-boat registrations are still dropping even though the demand is strong—the problem is lack of inventory.
With the main powerboat segments up almost 12 percent year to date, the industry is poised to exceed 300,000 units for the first time since before the Great Recession.
Almost every measure saw double digit growth.
Main powerboat categories were up more than 34% year over year.
Registrations were up 3 percent year-to-date in the main categories.
However, preliminary data shows significant bright spots among the declines.
April new boat registrations drop 37.8 percent year-over-year in main powerboat categories.
New powerboat registrations declined nearly 18 percent in March as the crisis took hold.
Main powerboat segments were up 3.8% for the quarter
The nearly complete registration data shows the sterndrive category’s continuing decline.
