Apr 6, 2021

Manufacturing BackordersIn their March 26th newsletter, the NMMA reported that 2020 was both a historic year for retail boat sales and a disruptive year for boat builders working to meet the heightened demand and replenish record low inventories amid challenges caused by the COVID-19 pandemic. According to NMMA’s latest Monthly Shipment Report, wholesale shipments of new powerboats during December gained momentum compared to November to close out 2020 down 15% for the year compared to 2019.

Of note in the December Monthly Shipment Report, manufacturing of personal watercraft, outboard boats, jet boats and sterndrive boats ramped up in December, boosting powerboat wholesale shipments up 17% compared to November. However, current inventory levels are tracking 20%-60% below normal levels.

“Boat builders are shipping approximately 20,000 new boats monthly and operating at 13% above normal levels to restock anemic inventories ahead of peak selling season,” said Vicky Yu, NMMA's Director of Business Intelligence. “Continued supply chain disruption and workforce issues, combined with an average order backlog of up to six months, will challenge manufacturers to keep up with new orders through at least 2021.”

ITR Economics’ January 2021 forecast on boat building production is also available on NMMA.org. The latest report projects that by the end of 2021, boat production in the U.S. will steadily rebound through 2021 and remain at near 2019 production levels through 2023.

“Wholesale shipments of new powerboats are currently outpacing growth in ITR Economics latest forecast an average of 12% with an encouraging uptick in shipments in December,” noted Yu. “We expect production levels to ebb and flow this year as manufacturers work to get back up to speed and supplier deliveries stabilize. A lot will depend on what type of buying activity we see this spring and summer as things start to open up.”

  • Prev
Tomorrow night, April 7 at 7pm, hear the remarkable history of the legendary Red Jacket, a ...
The Boating Industry Canada Employer of Choice Award program is excited to announce the launch of ...
Marine Service Technicians Float Your Boat - Marine Service Technicians (MSTs) are the people ...
With the continued volatility and uncertainty around the COVID-19 pandemic situation in Atlantic ...
The Intermediate Marina Management (IMM) is the AMI Training Institute’s most popular course which ...
For a limited time, it is free to join the Boating Industry Canada Employer of Choice, (BICEOC) ...
With COVID vaccines in distribution around the country and news of various events returning ...
At Canadian Yachting Media, we love your Boating Photos!  Submit your boating photos for a ...
CCEOC Inc., and Boating Industry Canada News Week Digest are pleased to announce more award ...
CCEOC Inc., and Boating Industry Canada News Week Digest are pleased to announce more award ...

AMI INTERMEDIATE MARINA MANAGEMENT COURSE, FT. LAUDERDALE, JUNE 13-17, 2021

 

AMI Intermediate Marina Management CourseThe Intermediate Marina Management (IMM) is the AMI Training Institute’s most popular course which focuses on marina operations, policies, and procedures. 
 
The Intermediate Marina Management Course is the first step toward the highly coveted Certified Marina Manager (CMM) and Certified Marina Operator (CMO) certifications. To attend the IMM course you must have one year of marina management experience.

 

 

Read More


 

Boating Industry Canada News Week

 

Every Tuesday we publish a fresh Digest with informative articles pertaining to the Canadian boating and marine industry. Stay up to date with the latest products, research and industry developments.

Missed an Issue of Boating Industry Canada News Week? If you're looking for a specific issue, or simply want to catch up on previous issues, check out our Boating Industry Canada News Week Archives.

Not signed up for News Week? Subscribe here

 

 

 

 

 

Marine Products

  • Prev
In the event of an onboard power failure, a Ritchie Navigation Helmsman series compass will still ...
Resetting the bar for boats in its class, the new Cruisers Yachts 42 GLS is loaded with refined ...
Unlike cars and homes, boats can be difficult spaces in which to create a quality listening ...
Yamaha Motor Canada has launched an upgraded 4.2-litre V MAX SHO® outboard, offering a ...
Raritan Engineering has upgraded C.P. (Cleans Potties) Marine Toilet Bowl and Drain Cleaner and ...
Two all-new features added to the NavNet TZtouch3 interface, Fish-It & Drift-It, are designed ...
At a mere 2.4" in diameter, the Veratron GO is the smallest NMEA 2000® certified GNSS antenna on ...
Mercury Racing has expanded the pitch range of its popular Revolution 4 XP propeller ...
Furuno is excited to announce a major software update for their flagship Multi Function Display ...
Henry H Smith is pleased to announce their recent appointment as the Canadian Distributor for the ...

VERATRON DEBUTS SMALLEST N2K GNSS ANTENNA

Veratron N2K GNSS AntennaAt a mere 2.4" in diameter, the Veratron GO is the smallest NMEA 2000® certified GNSS antenna on the market. Truly plug-and-play, the high-performance integrated GPS, GLONASS and Galileo receiver is available in two navigation models and a Bluetooth version for monitoring onboard networked systems.


Starting off the series is Veratron GO GPS, the satellite-only version. Alternately, Veratron GO Data offers a Bluetooth Low Energy (BLE) gateway that enables users to monitor engine, battery, navigation and other vessel performance data on Veratron's new NavDash mobile app.

Read More


 

People

  • Prev
Boating Industry Magazine today announced that Lauren Beckstedt, Chief Marketing Officer, ...
Western Marine Company is pleased to announce the hiring of Colin Clark to the crew at ...
Mike has been an integral member of the Georgian Bay boating community for over 28 years. Beginning ...
Regal Boats is pleased to announce that Jake Kuck has been promoted to Vice President of North ...
BENETEAU is pleased to announce the appointment of Don Smith as the new President of ...
Marine Marketers of America (MMA) today announced the election of new officers and ...
The Center for Sportfishing Policy (CSP), the nation’s leading advocate for saltwater recreational ...
MarineMax recently announced Julie Balzano as the Brand Marketing Manager to oversee marketing ...
It is with great sadness that we announce that Frank Willis Butler, President and Chief Executive ...
Carling Technologies is saddened to announce that its Director of Sales for the Maretron ...