New Powerboat Registrations in US Up in Third Quarter

The National Marine Manufacturers Association (NMMA) reports that in the US, new boat registrations during the third quarter of 2015 were up 8.5 percent year-over-year (YOY) and up 8.8 percent (R12M YOY).

Jet drive boats, personal watercraft, wake sport boats and outboard boats led growth, up 22.3 percent, 14.3 percent, 10.6 percent and 8.2 percent (R12M YOY) respectively. There's continued softness in sterndrive boats, down 7.5 percent (R12M YOY), while inboard cruisers were relatively flat, up 0.1 percent (R12M YOY).

Among high-volume regions, growth was led by the Pacific region, which spans the Pacific coast from Washington to California including Hawaii (up 11.3 percent R12M YOY). The South Atlantic region, which spans the Atlantic Coast from Delaware south to Florida was up 10.8 percent R12M YOY and the East North region, which includes Indiana, Michigan, Ohio, and Wisconsin, was up 8.8 percent R12M YOY. Together, these regions represent 47.4 percent of all new boat sales.