The NMMA says current inventory levels are still tracking 20%-60% below normal for the domestic recreational boating industry. 2020 was both a historic year for retail boat sales and a disruptive year for boat builders working to meet the heightened demand and replenish record low inventories amid challenges caused by the COVID-19 pandemic. According to NMMA’s latest Monthly Shipment Report, wholesale shipments of new ...
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Boat building activity increases
According to NMMA’s latest Monthly Shipment Report, wholesale boat shipments increased for the second consecutive month in June, up 60% compared to May, as boat building activity ratcheted back up following lockdown restrictions during the early days of the pandemic response. Compared to June 2019, wholesale shipments are down 5%. “We’re encouraged to see that wholesale shipments in June increased across all ...
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