marine industry

Boat sales expect strong rebound

BLOOMBERG NEWS FILE PHOTO/MUNSHI AHMED
THE superyacht Majesty 88, right, is anchored at ONE°15 Marina Club at Sentosa Cove during the Singapore Yacht Show 2011, in Singapore.
Posted 2/20/12

BOSTON – Recreational boating sales are expected to rise to their highest level since 2007, Enterprisenews.com reported Saturday.

The publication pointed to the expanded Progressive Insurance New England Boat Show, which increased its exhibit space 40 percent from last year. The boat show was at the Boston Convention & Exhibition Center in South Boston last weekend.

The show’s manager, Joe O’Neal, said this year’s turnout from dealers and manufacturers was the strongest since 2008.

Boat sales dropped 55 percent from 2006 to 2010, and used-boat sales slipped 7 percent, according to the Chicago-based National Marine Manufacturers Association. The group sees a 6 percent increase in 2012 sales of new boats and engines.

“The industry’s fortunes are closely tied to consumer confidence, which has been improving nationwide and locally,” Enterprisenews.com said.

Calendar
PBN Hosted
Events

DEADLINE EXTENDED to Friday, October 3rd for applications for the 14th Annual Business Excellence Awards Program. And save the date for the Awards Dinner - November 12th at the Providence Marriott.
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement