Features

Economic Snapshot: Consumer confidence dipped in May

Though the index is still quite high, this marks the second consecutive month the index has fallen. Consumer confidence The Consumer Confidence Index decreased slightly in May to a level of 117.9. The Present Situation Index increased from 140.3 to 140.7, while the Expectations Index declined from 105.4 to 102.6. Consumers saying business conditions are “good” edged down from 30.8 ...

Read More »

Outdoor recreation industries impact U.S. economy

The Outdoor Industry Association recently released its report, “The Outdoor Recreation Economy,” which highlights the economic impact of the many outdoor recreation industries in the U.S. “The outdoor industry is more than just fun. It’s more than just something people do. It’s something that employs millions of Americans, it provides billions in tax dollars and spending, and if anything it brings ...

Read More »

Weekly 5: Trump budget would cut programs that benefit boating

The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every week on BoatingIndustry.com. 1. Trump budget would cut programs that benefit boating Several programs that benefit the boating industry are targeted for cuts under the Trump administration's proposed budget, according to analysis ...

Read More »

Sterndrive sales down in April, growth slows in other categories

While boat sales grew again in April, the rate of growth declined, 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 ...

Read More »

Economic Snapshot: Existing home sales dip in April

Photo credit to Dan Moyle

The National Association of Realtors said low supply levels held down sales in April and also pushed the median number of days a home was on the market to a new low of 29 days. Existing home sales Total existing home sales dipped 2.3 percent to a seasonally adjusted annual rate of 5.57 million in April, from a downwardly revised ...

Read More »

Boating delivers industry’s message at ABC 2017

More than 250 individuals from the boating industry descended on Washington, D.C., last week for the 2017 edition of American Boating Congress, the industry's annual legislative conference. ABC 2017 featured a full three-day lineup of speakers, hill visits and networking events. This year, industry stakeholders took part in approximately 185 meetings with legislative and regulatory staff, more than ever before, ...

Read More »

13 no-sale signals: Why customers won’t buy from you

Salespeople are always alert for “buying signals,” those indications that the customer is ready to say yes. When this happens, the savvy salesperson knows it’s time to stop talking and ask for the order. But salespeople often miss the warning signs that all is not well. Mostly unspoken, these are the “no sale signals” customers send when they’re dissatisfied with ...

Read More »

NMMA Canada lobbies federal parliamentarians

Representatives from the Canadian recreational boating industry gathered in the national capital last week as part of NMMA Canada’s 5th annual Recreational Boating government advocacy initiative. The “Day On The Hill” event – named in reference to the Canadian parliament’s location atop a hill in downtown Ottawa – saw teams of industry stakeholders including NMMA Canada members, representatives from boat, ...

Read More »