Aug 16, 2020

NMMA ReportAccording to NMMA’s latest Monthly Shipment Report, wholesale boat shipments increased for the second consecutive month in June, up 60% compared to May, as boat building activity ratcheted back up following lockdown restrictions during the early days of the pandemic response. Compared to June 2019, wholesale shipments are down 5%.

“We’re encouraged to see that wholesale shipments in June increased across all segments. Manufacturers are gradually returning to capacity and working to meet the heightened demand for new boats,” noted Vicky Yu, Director of NMMA Business Intelligence.

Of note in the June Monthly Shipment Report, wholesale shipments of aluminum outboard boats increased significantly and earlier than expected, back to what they were on average in 2019. This category alone accounts for more than 40 percent of total new boat sales.

“Looking ahead, with many manufacturers still trying to get back up to speed and challenges including slow delivery on parts from suppliers impacted by the pandemic, we expect total wholesale shipments will be down in 2020, with some segments bucking the average including PWCs and outboard engines, which have seen increases the last three consecutive months,” said Yu.

ITR Economics’ forecast on boat building production for July is also available on NMMA.org, which indicates production will remain constrained in the near term before gradually picking back up mid-next year.

To access the June Monthly Shipment Report and ITR Economics forecast, visit NMMA.org/statistics.

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Nominate Your Boating Heroes Today - CANADIAN SAFE BOATING AWARDS

 

Be #WakeAware

The Canadian Safe Boating Council wants to acknowledge these heroes and showcase their commitment to safe boating. The CANADIAN SAFE BOATING AWARDS, usually called the CASBAs, honours the people, programs, and organizations that help to make boating in Canada safer and better for all of us.

Who are these heroes?

They could be a family or individual who saves a life; a boating safety advocate, a volunteer or teacher whose passion for boating engages people and influences boating safety...

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Marine Products

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Shurhold Snap and Zipper LubricantWords of exasperation wafting across a marina often signal a boat owner fighting with a jammed zipper or snap that won't catch. This frustrating situation is simple to avoid by using Snap Stick from Shurhold. Made in the USA, the easy-to-apply lubricant keeps marine fittings working smoothly for up to three months and reduces stress levels around the docks.

A unique, wax-like formula, Snap Stick lubricates and protects plastic and metal snaps, zippers, hinges and other small hardware from the effects of harsh marine environment exposure. Unscented, non-toxic and biodegradable, it won't harm fabrics and other boat surfaces. Non-soluble, it doesn't rinse off when exposed to rain and spray, or boat washing. 

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People

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HanseYachts AG announces Boris Heitmann new VP Communications & Investor Relations

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The graduate in business administration, communications manager and yachtsman brings with him many years of experience in international companies from various sectors and as an independent entrepreneur. Heitmann started his career in 1991 at the energy company Esso.

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