The NMMA reviews new boat production exercise in November was up 3% 12 months more than year, and down 18% as opposed to October on a seasonally-modified basis, according to the November Monthly Shipment Report (MSR).

Even though wholesale boat shipments slowed in November, this was principally pushed by a pullback in shipments in individual watercraft (PWC) following a summer time of elevated expansion. Other boat groups observed upticks in wholesale shipments, and the NMMA expects overall shipments in 2020 will be at 92% of 2019 totals.

“November’s slowdown in wholesale boat shipments mostly reflected drags in the significant quantity PWC group. PWCs aside, shipments over-all have been somewhat unchanged from Oct, and we expect to see far more than 211,000 boats designed and transported in 2020,” mentioned Vicky Yu, NMMA director of small business intelligence. “While wholesale shipments keep on being constrained from provide chain and workforce challenges stemming from the world-wide pandemic, boat producing is returning to typical as builders and sellers function jointly to replenish stock and maintain nutritious stock pipelines to satisfy a continued, heightened desire for boating this year.”

Highlights from the November MSR include things like:

  • November observed growth in wholesale shipments of 6% in wake activity boats, 23% in jet boats and 1% in sterndrive boats, as opposed to October.
  • There was a slowdown in wholesale shipments of outboard boats in November, down 3% when compared to October.