Weekly 5: Outboard engine shipments up 6 percent through February

The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every week on BoatingIndustry.com. 1. Outboard engine shipments up 6 percent through February U.S. outboard engine wholesale shipments grew by 6.1 percent for the twelve months through February …
Boating Industry

Double-digit same-store sales continue for dealers in February

Boat dealers continued to post double-digit sales in February, buoyed heavily by parts and accessories sales. Same-store sales in February were up 12.3 percent from the same month a year earlier, according to the latest report from CDK Global Recreation. The report is based on data from users of the company’s Lightspeed software. February’s gains …
Boating Industry

Economic Snapshot: Private sector employment adds record-high jobs in February

Private sector employment increased by 298,000 jobs from January to February, according to the February ADP National Employment Report. This is up from 261,000 jobs added in January and the largest increase since June 2014. The report also marks the fourth consecutive month of monthly private sector job growth above 200,000. “February proved to be …
Boating Industry

Malibu Boats to release fiscal 2017 Q2 results February 1

Malibu Boats, Inc. will release its second quarter fiscal 2017 financial results on Wednesday, February 1, 2017 before the market opens. Following the release, the company’s management will host a conference call to discuss the results at 8:30 a.m. Eastern Time on the same day. The call will be hosted by Malibu CEO Jack Springer …
Boating Industry

Economic Snapshot: Existing home sales drop in February

Existing home sales dropped in February but are up year over year. Conversely, new home sales were up in February but below sales in February 2015. Existing home sales Total existing home sales dropped 7.1 percent to a seasonally adjusted annual rate of 5.08 million in February, down from 5.47 million in January. However, sales […]
Boating Industry

Info-Link: February boat sales continue growth trend

Powerboat sales continued their upward climb in February, according to the latest data from Info-Link. February sales were up almost 10 percent year-over-year on a rolling 12 month basis, putting some data behind the anecdotal reports of a strong start to boat show season. The Bellweather report tracks boat sales across the country based on […]
Boating Industry