Marine dealers reported strong new-boat sales growth in March, albeit at a lower rate than in February.
As reported by Soundings Trade Only, a Baird survey conducted in conjunction with the Marine Retailers Association of the Americas showed that 66% of retailer respondents reported new boat sales growth in the important month of March, which accounts for more than 50% of first-quarter retail sales. March accounts for about 10 percent of annual sales.
The percentage declined from February, when 80% of the retailers that responded reported new-boat sales growth, according to the March MRAA/Baird Marine Retailer Pulse Report.
On the used-boat side, the percentage of retailers that reported increases in sales edged up to 59%, compared with 58% in February.
“Our checks suggest that U.S. demand for powerboats remains very healthy as the season picks up — though comments suggest boat show results have been mixed among different dealers,” Baird said in the report.
Marine dealer sentiment remained at an all-time high in March, according to a new survey, but the three- to five-year outlook edged down for the second month in a row.
For the full report click here.