Registrations in the main powerboat categories grew 0.8% in August versus the same month last year, but were still down 5.1% year-to-date in those high-volume segments, according to a report by Trade Only Today.
However, data from Statistical Surveys Inc., which accounted for 26 early-reporting states and approximately 48% of the overall U.S. market, did not include Florida, as the state continues to face challenges gathering registration data. The company said this omission could skew the initial results.
By August, the industry has a good handle on overall registrations for the year, since historically about 78% of sales are made by that month; however, omitting Florida means there could be room for fluctuation, said SSI director Ryan Kloppe.
“If Florida has a good month, obviously that can steer an upward trend,” Kloppe said. “As far as making predictions, I would wait to see. You’ve got to see Florida, which will hopefully be in by next month when they catch up.”
Overall registrations for the month were off 0.7% versus August 2018, and down 3.6% year-over-year. But there had been segment growth month-over-month, Kloppe pointed out.
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