Jeff Bezos isn’t the only one spending big on a new boat.
Boat sales and rentals increased in 2020 as Americans sought out summer activities suitable for pandemics, and it doesn’t appear that interest has declined further this year.
Charity Garey, co-owner of Lakeshore Marina in Chattanooga, Tennessee, told WRCB-TV that they were fully booked with the boat rental companies all weekend.
“All the dealers are sold off the boats, there are not many left,” Garey told the store. “If you can get one, buy one.”
The National Marine Manufacturers Association says powerboat sales peaked in 13 years in 2020, with 310,000 new vessels sold, up 12% from the previous year. Sales have declined slightly this year, but remain above pre-pandemic levels, the NMMA said.
In February, deliveries of new motorboats were up 23% from the 2020 average and 9% from the 2019 average. Pontoon boats, wake sport boats and jet boats were included. among the most popular types sold in February.
With a growing demand for new boats, builders cannot keep up. Vicky Yu, Senior Director of Business Intelligence at NMMA, said, “Boats are sold as soon as they hit the market, as manufacturers struggle to fill the backlog of orders.
“Boat builders continue to face constraints on the supply side, and the challenge ahead will be to hold onto the tracks as stocks build up and life returns to normal,” he said. she declared.
With limited stocks, Americans are increasingly turning to rental, according to data from the marine rental platform GetMyBoat.
GetMyBoat sent 178,000 tenants in 2019, up from 60,500 the previous year, Bloomberg News reported. The startup expects to hit more than one million rentals this year, Bloomberg reported.
“I’ve been in this business for 20 years and have never seen the boat market, in the past 18 months, do what it does,” said Bret Uptagraft, SkipperBud’s sales manager in Oshkosh, Wisconsin. . FOX11 News.