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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Wholesale boat shipments ease in November
The NMMA reports new boat manufacturing activity in November was up 3% year over year, and down 18% compared to October on a seasonally-adjusted basis, according to the November Monthly Shipment Report (MSR). While wholesale boat shipments slowed in November, this was primarily driven by a pullback in shipments in personal watercraft (PWC) following a summer of elevated growth. Other boat categories ...
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