US Boat Sales Statistics for the Year 2018
The National Marine Manufacturer Association in the USA, the NMMA has published the statistics of the nautical market in the United States for the year 2018.
There was a growth of 4% in 2017. The United States represents a market of 41 billion US dollars for the sale of boats.
95% of new boats sold in the United States are built in the United States.
In 2018, there are more than 201,000 new boats sold that were built in the United States.
In 2018, more than 998,000 used boats were sold for around $ 9.7 billion USD.
There are currently more than 12 million registered boats in the United States.
95% of the boats are less than 26 feet.
The various boat shows account for approximately 50% of new boat sales.
The boating market represents a global turnover of more than $ 170.3 billion in the United States including everything related to boating.
Here are the top-10 states that generate the most economic activity for boating:
In billions of US dollars
Florida, $ 23.3 billion
California, $ 13
New York, $ 8.4
Texas, $ 7.7
Michigan, $ 7.4
Washington, $ 6.9
New Jersey, $ 6.6
Tennessee, $ 6
North Carolina, $ 5.5
Missouri, $ 4.5
It is easy to conclude where the offer is plentiful, the asking prices are more interesting especially as part of a second-hand purchase.
The Lake Michigan (freshwater lake) market, which is close to the province of Quebec , represents a large, potentially very interesting used boat pool. In addition, they are,like us, only in the water for 6 months a year.
There is also the New York State and New Jersey markets, which are also close to Quebec. The boats are also used, in general, 6 months a year. Of course, they are in salt water, but much less barnacles (shells) than in the south. As the boats are out of the water for the winter, it is easier to do a complete maintenance of the boat. It is absolutely necessary that the surveys are well carried out during the purchase.
Growth of 3.4% to 4% is the forecast for 2019 in the hope that the 10% surtax will soon be abolished.
Do not hesitate to consult a broker from Ita Yachts Canada to learn all about the market, the trends, for a market analysis based on your planned purchase, for comparisons, in short to conclude an excellent transaction, call 514- 521-1221.
**These statistics do not include manufacturers like AZIMUT, SUNSEEKER, PRINCESS YACHTS, FERRETTI, PERSHING, RIVA, PRESTIGE YACHTS, ABSOLUTE, MONTECARLO, GALEON, etc.
**All European manufacturers are not included in these statistics.**