The National Marine Manufacturers Association (NMMA) reports October was an historic month for new powerboat retail sales. Data shows new powerboat sales gained momentum in October, up 18% compared to September, and up 30% year-over-year (YOY) on a seasonally adjusted basis.
Year-to-date (YTD) through October, more than 291,000 new powerboats were sold, surpassing cumulative sales for 2019. Early indicators show 2020 new powerboat retail sales are expected to reach record highs.
“2020 has been a significant year for boat sales, despite the disruptions stemming from the COVID-19 pandemic,” said Vicky Yu, NMMA’s director of business intelligence. “We expect new powerboat retail sales will reach highs not seen since before the Great Recession, reinforcing that Americans turned to boating this year as a way to safely enjoy quality time with loved ones while staying close to home.”
Sales of new personal watercraft, runabouts, cruisers and jet boats drove growth in October with double-digit sales increases YOY.