boat-sales-3q[December 2016] Recreational boat sales rose less than 1 percent in the third quarter, but that was enough for the industry to record the highest sales for that quarter since 2008. Sales rose 1.1 percent in the main powerboat segments to 43,494 and 0.8 percent industrywide to 73,055 in 47 states that represent 97 percent of the U.S. boating market, according to Statistical Surveys.

“It’s slight growth,” said Statistical Surveys sales director Ryan Kloppe, but he said it’s growth nonetheless and builds on gains from previous years. “We’re still on pace for a 5 to 6 percent increase this year.”

The industry sold 72,496 boats in the quarter last year. The third quarter is typically the second-busiest of the year.

In 2008 the industry sold 80,099 boats in the quarter, but once the recession took hold it sold just 64,301 in 2009. Sales then fell into the 50,000s for three years before rising to 61,174 in 2013 and they have continued to climb at a moderate pace ever since.

Florida led all states in third-quarter sales with 8,150, which was 61 fewer than the 8,211 that the state reported last year. Texas was second with 6,925, 559 fewer than the 7,484 it reported last year.

Read the entire article at TradeOnlyToday.com.

 

Source: In the News: Boat sales in 3Q were highest since 2008