US boat sales hit 13-year high amid coronavirus pandemic

Boat purchases are booming in America amid the coronavirus pandemic, with 2020 sales hitting a 13-year high, according to the National Marine Manufacturers Association (NMMA).

Boating is part of a renewed interest in outdoor recreation as many Americans have been locked down due to the coronavirus in 2020. FOX Business’ Ashley Webster spoke with the Palm’s sales manager Beach International Boat Show on the reasons for the rise in popularity.

“It’s proven to be one of the safest and most fun things for families to do during the pandemic,” Dean Fillichio said. “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.”

NMMA statistics show boat and marine product sales totaled about $47 billion last year and more than 310,000 new powerboats were sold.

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

The approximately 800 marine products featured 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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