NMMA report details decline in boat registrations

Author:
Publish date:

Recreational boat registrations in the U.S. decreased about 1.4 percent in 2008 compared to 2007, according to the National Marine Manufacturers Association's 2008 U.S. Recreational Boat Registrations Statistics report.

A total of 12.8 million vessels were registered by U.S. states or documented by the Coast Guard in the U.S. in 2008, compared to 13 million in 2007.

Using data for new powerboat registrations compiled by Statistical Surveys, NMMA estimates there were 270,500 new (model year 2008) powerboats registered by U.S. states during the year. Approximately 400,000 powerboats were retired from the recreational boating fleet in 2008.

"The Boat Registrations report provides an incredibly detailed look at trends within the recreational marine industry, especially on a state level," said Jim Petru, NMMA director of industry research and statistics, in a statement. "Our 2008 report helps us better understand the impact on boat registrations and the overall state of the industry at the start of the U.S. economic recession."

Click here for the full release.