Boat registrations in January increased 2.5% in the main powerboat categories, a positive sign after underwhelming results at the end of 2018, according to preliminary data from Statistical Surveys Inc. (SSI), a Michigan firm that tracks new boat registrations.
Although it’s modest growth, it’s a good sign for the industry because it offsets concerns that the softness late last year might carry over to this year, SSI Sales Manager Ryan Kloppe told Soundings Trade Only Today.
“It’s off to a positive 2019,” Kloppe said. “It is January, so let’s be real. There’s still snow on the ground; it’s not going to be a huge month. We are seeing some growth in there.”
The registration data came from 31 states, almost 64% of the U.S. boat market.
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