People Bought Boats Like Crazy Last Year
Original article published by the Hustle on March 23, 2021.
According to a report by the National Marine Manufacturers Association (NMMA), sales of boats and related marine gear hit $47B in 2020 — a 9% bump from 2019, and a 13-year high.
Boats weren’t the only form of recreational transport to spike last year: Bicycles, RVs, and electric scooters all sold like hotcakes.
But boats in particular seemed to benefit from a perfect storm of more flexible remote work schedules, travel restrictions, and timing (boating “season” is generally considered to run from April to October, which coincided with 2020 lockdowns).
The only people having more fun than the boaters themselves are the people who bought boat-related stocks last March.
Read the full article by Zachary Crockett on theHustle.com.