Boat dealer sentiment regarding market conditions dropped to 25 in June, the lowest rating ever in the Pulse Report survey and a sharp drop from the 40 rating in May.
Sounding Trade Only reported the three- to five-year outlook dropped from 39 to 36 among the 75 dealers that respond to the Pulse Report survey, which is conducted by Baird and the Marine Retailers Association of the Americas.
More retailers reported declines than growth in June, with 59% saying trends had worsened from May and 25% saying they’d improved. In the used boat market, trends also turned negative, with 48% reporting a decline against 30% reporting growth.
“We are witnessing a slowdown as this overheated economy cools down because of political uncertainties,” wrote one survey respondent.
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