Industry Overview
Marine Market Update
As predicted, the industry had an extremely strong start to the year,
with first-quarter values in all our segments up considerably from the same period in previous years.
Year-over-year, outboards were up 15%, stern drives were up 11%, inboards were up 8%,
and personal watercraft was up 3%.
Consumer confidence and employment, innovative products, and strong interest in activities like wakeboarding and leisure boating are driving demand.
A tight supply of used boats is impacting the supply side, further bolstering values.
In view of these factors, we expect marine dealers to have a strong year.
NADAguides
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National Appraisal Guides, Inc.
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Los Angeles, CA 90074-8673
(800) 966-6232
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