Post by olmucky on Aug 2, 2024 10:30:08 GMT -5
Compilation of industry statistics
June 17, 2024
Beneteau sales down 39%
Malibu Boats sales down 45%
Correct Craft sales down 43%
Brunswick Boat Group sales down 22%
Yamaha sales down 31%
Twin Vee sales down 81%
Winnebago, Barletta, Chris Craft down 38%
Marine Products Co. Robalo, Chaparral second ¼ down 40%
BRP Marine Group down 56%
Marine Max up 2%
One Water down 7%
Galleon and Princess down 60% in UK Per Argo Yachting
Industry news and Recent Sales Statistics:
2021 New Marine Sales: 1.4 Million units in the USA
2023 New Marine Sales: Dropped to 269,000 units
Current New Marine Inventory is now: 30% to 40% Less
Tracking for 50% decline in 2024
Bankruptcy of Tommy’s with knock on effects with Malibu and M&T Bank
Tommy’s Dealerships file bankruptcy www.tradeonlytoday.com/manuf...sales-proceeds
June 2024 Mercury laying off 300 production people
www.tradeonlytoday.com/tech/...ons-at-mercury
Consumer anticipation of reduced interest rates, creating procrastination in purchase decision
BRP Initiates Second Round of Layoffs,The company has released 298 employees at its Sturtevant, Wis., facility and 106 workers from Alumacraft in Saint Peter, Minn
Northstar Ribs in Turkey reports 50%+ decline in sales for 2024 and forecast a 58% decline through 2024.
7/20/24 Due to continued softening of consumer demand in some of our markets mainly as a result of continued high interest rates and near-term reductions in boat product on by Mercury’s boat builder partners, Mercury has made the decision to adjust product on schedules from now through the end of the year on most of our lines to match demand from our channel partners. This will impact around 1,700 hourly employees at our Fond du Lac facility.
June 17, 2024
Beneteau sales down 39%
Malibu Boats sales down 45%
Correct Craft sales down 43%
Brunswick Boat Group sales down 22%
Yamaha sales down 31%
Twin Vee sales down 81%
Winnebago, Barletta, Chris Craft down 38%
Marine Products Co. Robalo, Chaparral second ¼ down 40%
BRP Marine Group down 56%
Marine Max up 2%
One Water down 7%
Galleon and Princess down 60% in UK Per Argo Yachting
Industry news and Recent Sales Statistics:
2021 New Marine Sales: 1.4 Million units in the USA
2023 New Marine Sales: Dropped to 269,000 units
Current New Marine Inventory is now: 30% to 40% Less
Tracking for 50% decline in 2024
Bankruptcy of Tommy’s with knock on effects with Malibu and M&T Bank
Tommy’s Dealerships file bankruptcy www.tradeonlytoday.com/manuf...sales-proceeds
June 2024 Mercury laying off 300 production people
www.tradeonlytoday.com/tech/...ons-at-mercury
Consumer anticipation of reduced interest rates, creating procrastination in purchase decision
BRP Initiates Second Round of Layoffs,The company has released 298 employees at its Sturtevant, Wis., facility and 106 workers from Alumacraft in Saint Peter, Minn
Northstar Ribs in Turkey reports 50%+ decline in sales for 2024 and forecast a 58% decline through 2024.
7/20/24 Due to continued softening of consumer demand in some of our markets mainly as a result of continued high interest rates and near-term reductions in boat product on by Mercury’s boat builder partners, Mercury has made the decision to adjust product on schedules from now through the end of the year on most of our lines to match demand from our channel partners. This will impact around 1,700 hourly employees at our Fond du Lac facility.