News

The Boating Industry 2023 ELEVATE SUMMIT continues today for its final day in Dallas, Texas after kicking off on Nov. 5, 2023. The event kicked off with an evening fireside chat between Boating Industry editor-in-chief Adam Quandt and the 2023 Mover & Shaker of the Year, Cecil Cohn, president of Freedom Boat Club. Offering the unique opportunity for leaders from ...

Last week, representatives from the NMMA, Marine Retailers Association of the Americas (MRAA), and Water Sports Industry Association (WSIA) met with State Senator John Hoffman, an advocate for Minnesota’s recreational water activities and outdoor initiatives in Minnesota Senate District 34. The meeting highlighted topics such as the increasing popularity of wakesurfing to the importance of Minnesota’s new boater safety education ...

The American Boat and Yacht Council (ABYC), the essential source of technical information for the global marine industry, has unveiled its 2024 class calendar for ABYC certification courses. The 2024 offerings include marine electrical, marine systems, marine standards and marine corrosion. Crafted to provide in-depth understanding and practical skills, these courses ensure that marine professionals adhere to the highest standards ...

The Marine Retailers Association of the Americas (MRAA) and 700Credit announced the release of a new MRAA Mini-Guide “Fraud Detection and Prevention in the Marine & Powersports Industry,” to help dealers understand fraud and implement detection tactics to prevent it. “Dealership fraud has become an $8B industry and the cost continues to rise,” said Ken Hill, Managing Director, 700Credit. “And ...

Global Marine Insurance Agency, a division of Specialty Program Group LLC (SPG), announced the launch of Global Product Protection, Inc. (GPP). GPP offers a full menu of extended marine service contract coverages relevant to today’s recreational watercraft. Designed to meet the demands of boaters, this protection plan encompasses comprehensive, customizable, and competitively priced coverage for all popular marine engine configurations ...

The 2022 report on total boat registrations is now available to download, part of the 2022 U.S. Recreational Boating Statistical Abstract. There were 11.9 million boats registered and documented boats in the U.S. in 2022, down slightly compared to 2021. The top five states for boat registrations in 2022 were Florida, Minnesota, Michigan, Ohio and California, with Ohio continuing its upward climb, moving ...

Garmin Ltd. recently announced results for the third quarter ended September 30, 2023. Highlights for third quarter 2023 include: Consolidated revenue of $1.28 billion, a 12% increase compared to the prior year quarter, record third quarter revenue in four of five segments and the company completed the acquisition of JL Audio. Revenue from the marine segment decreased 7% in the third quarter ...

The Discover Boating Minneapolis Boat Show, in partnership with Progressive Insurance, is accepting entries to the 2024 Innovation Awards program. The Minneapolis Innovation Awards celebrate excellence and innovation in five product categories, including the new electric boat category: Aluminum and Non-Fiberglass Fishing Boats Fiberglass Fishing Boats Pontoon Boats Furnishings NEW: Electric Boats (20 ft. and under) All Innovation Award entrants gain ...

Malibu Boats, Inc. recently announced its financial results for the first quarter ended September 30, 2023. Net sales for the three months ended September 30, 2023 decreased $46.4 million, or 15.3%, to $255.8 million as compared to the three months ended September 30, 2022. Malibu reported the decrease in net sales was driven primarily by decreased unit volumes across all segments resulting primarily ...

Outdoor Recreation Roundtable (ORR), the foremost coalition of outdoor recreation associations representing the $862 billion outdoor recreation economy, recently announced the promotion of Chris Perkins to the role of Vice President of Programs. “We are excited to see Chris Perkins shine in this elevated role,” said Jessica (Wahl) Turner, President of ORR. “Chris’s dedication, expertise, and vision for the future ...