Increase in Powerboat Sales

According to the National Marine Manufacturers Association, 2013 saw an increase in powerboat sales by 5 percent. This is the second year in a row for growth in retail sales of powerboats with an estimated growth of another 5 to 7 percent in 2014.

Thom Dammrich, President of NMMA, believes the improvement in the housing market over the past two years is also an indicator that consumers have gained confidence in the economy again and starting to make larger purchases including more expensive boats.

“In addition, we’re seeing more and more Americans take to the water, as our participation numbers are at an all-time high- 88 million Americans went boating in 2012. This indicates that with experience on the water and interest in life on the water comes the subsequent purchase of a boat,” said Dammrich. 

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