Boat sales grew in June, albeit at a slower rate, 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 over 4 percent across all categories on a rolling basis for the 12 months ending in June, down from about 5 percent in May and just over 5 percent in April. The growth rate has been mostly declining since its peak of 11 percent in 2016.
Sportfish and tow boats led the way in June, with sales up about 8 percent over the previous year. PWC sales weren’t far behind at about 6 percent.
The outboard segment was up by almost 6 percent for the period, slightly down from May’s growth. The sterndrive/jet segment was the only category to decline, with sales down about 4 percent from last year.