According to reports from the National Marine Manufacturers Association (NMMA), new boat sales remain strong through May 2021 with an increase of 24 percent in retail unit new powerboat sales year-over-year. Pontoons, wake sport boats, runabouts and cruisers are the leading segments contributing to the growth in new boat sales.
Along with the growth of new boat sales, it was reported that manufacturers' efforts to replenish inventory also saw a strong growth. Wholesale shipments of new boats across all segments were up 12 percent month-over-month. Average inventory levels still remain low, due to the continuous high-demand which is especially true for categories such as personal watercraft, jet boats, saltwater fishing boats, and wake sport boats. .
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