Boat sales were up year-over-year in March, but the rate of growth continued to slow last month, according to the latest Info-Link Bellwether report.
According to Info-Link, the Bellwether report tracks sales of powerboats across the country based on new U.S. boat registrations on a rolling 12-month basis. Bellwether states are geographically dispersed states representing roughly half of the US boat market (varies by market segment and time of year).
Powerboat sales were up just north of 5 percent across all categories on a rolling basis for the 12 months ending in March, compared with 7 percent growth in February. That continues what has been a pretty steady decline in boat sales growth since the middle of 2016.
The sportfish segment was the strongest for the period, with sales up about 10 percent over the last year, on par with the last several months. The tow boat segment was up about 8 percent for the rolling 12-month period, and PWC sales were up about 7 percent.
Overall, the outboard segment was up about 7 percent for the period. Sterndrive/jet was the only category to decline, with sales down about 3 percent for the last year.