U.S. boat sales hit 13-year high amid coronavirus pandemic


Boat purchases are booming in America amid the coronavirus pandemic, with 2020 sales peaking in 13 years, according to the National Association of Boat Manufacturers (NMMA).

BOAT SALES FULL AFTER CORONAVIRUS CUT SUMMER PLANS

Boating has been part of a renewed interest in outdoor recreation, as many Americans were locked up due to the coronavirus in 2020. FOX Business’s Webster spoke with the sales manager of Palm Beach International Boat Show on the reasons for the peak in popularity.

“It turned out to be one of the safest and most fun things for families to do during the pandemic,” said Dean Fillichio. “A family can go out on their boat and enjoy a day, a weekend, you know, a whole week. It all really depends on what they want to do.

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Luxury yachts at sunset. (iStock)

NMMA statistics Sales of show boats and marine products totaled around $ 47 billion last year and more than 310,000 new motorboats were sold.

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Webster joined “Varney & Co.” host Stuart Varney from a ship called the X95 Princess, which costs $ 13.9 million.

The 800 or so marine products on display at the show range from $ 10,000 to $ 70 million, according to Fillichio.

Ashley Webster of FOX Business contributed to this report.

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