A Return to Seasonality
April 18, 2023
Declines in new-boat registrations continued in February as the market adjusts to prepandemic numbers
Declines in new-boat registrations continued in February as the market adjusts to prepandemic numbers
In January, new-boat registrations were down 23.6%, at 4,293 compared with 5,618 in the same time frame in 2022. These numbers continue to indicate the typical seasonal slowdown that most dealers and manufacturers in Northern states expect.
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 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.
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.
New-boat registrations are still dropping even though the demand is strong—the problem is lack of inventory.
A year ago in June, sales of new recreational boats were bouncing back after falling virtually flat during April and May.
Statistical Surveys and Independent Boat Builders Inc. renewed a multiyear contract.
Declines in new-boat registrations continued in February as the market adjusts to prepandemic numbers
In January, new-boat registrations were down 23.6%, at 4,293 compared with 5,618 in the same time frame in 2022. These numbers continue to indicate the typical seasonal slowdown that most dealers and manufacturers in Northern states expect.
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 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.
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.
New-boat registrations are still dropping even though the demand is strong—the problem is lack of inventory.
A year ago in June, sales of new recreational boats were bouncing back after falling virtually flat during April and May.
Statistical Surveys and Independent Boat Builders Inc. renewed a multiyear contract.
