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.
|40,000 - 70,000|
|15,000 - 39,999|
|5,000 - 7,000|
|2,000 - 4,999|
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