Led by a 12% increase in sales of outboard-powered fiberglass boats, the recreational boat industry followed a strong January with moderate February growth that put sales for the year about 1% ahead of 2016.
According to Soundings Trade Only, Statistical Surveys Inc. reported that sales in the main powerboat segments rose 3.7% to 5,119 and climbed 4.4% industrywide to 7,202 from February 2016 in 26 states that represent about 59% of the U.S. boat market.
“It was a good month. Florida was up, Texas was up, North Carolina was up,” Statistical Surveys Sales Director Ryan Kloppe said. “All signs point to moderate growth.”
Sales rose 8% in the main segments and 9.5% industrywide in January. Through February, sales are up 6% in the main segments at 9,923 and 6.6% industrywide at 13,900.
Industry sales across all 50 states rose 5.7% in the main segments and 5.4% industrywide last year as the industry sold 258,879 boats, the most since 2008.
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