Yacht Registrations Increase for 3rd Quarter

The National Marine Manufacturers Association said new third-quarter registrations of traditional powerboats and personal watercraft were up 8.5 percent year over year and 8.8 percent year over year on a rolling 12-month basis.

Jet drive boats, PWC, wake sport boats and outboard boats led the growth, up 22.3, 14.3, 10.6 and 8.2 percent, respectively, year over year on a rolling 12-month basis. There’s continued softness in sterndrive boats, down 7.5 percent year over year on a rolling 12-month basis, and inboard cruisers were relatively flat, up 0.1 percent on the same basis, the summary of the report indicates.

Among high-volume regions, growth was led by the Pacific region, which spans the Pacific Coast from Washington to California, including Hawaii (up 11.3 percent year over year on a rolling 12-month basis).

The South Atlantic region, which spans the Atlantic Coast from Delaware south to Florida, was up 10.8 percent year over year on a rolling 12-month basis; the East North region, which includes Indiana, Michigan, Ohio and Wisconsin, was up 8.8 percent on the same basis.

Together the regions represent 47.4 percent of all new-boat sales, the NMMA said.

Source: TradeOnlyToday