Jeff Bezos isn’t the just one spending huge on another boat.
Boat sales and rentals spiked in 2020 as Americans looked for pandemic-accommodating summer activities, and it doesn’t appear as though interest has tumbled off yet this year.
Charity Garey, co-owner of Lakeshore Marina in Chattanooga, Tennessee, revealed to TV that they’ve been completely reserved with boat tenants throughout the end of the week.
“Every one of the businesses are sold out of boats, there’s very few remaining,” Garey told the power source. “On the off chance that you can get one, get one.”
The National Marine Manufacturers Association says powerboat sales hit a 13-year high in 2020, with 310,000 new vessels sold, up 12% from the earlier year. Sales have faded marginally this year, yet stay higher than pre-pandemic levels, the NMMA said.
As of February, shipments of new powerboats were up 23% compared with the 2020 normal, and up 9% compared with the 2019 normal. Pontoon boats, wake sport boats and jet boats were among the most mainstream types sold in February.
With request flooding for new boats, manufacturers can’t keep up. NMMA’s ranking executive of business intelligence Vicky Yu said, “Boats are being sold when they hit the commercial center as manufacturers work to satisfy the build-up of orders.”
“Boatbuilders continue confronting supply-side constraints, and the test ahead will keep drives evergreen as inventories get renewed and life gets back to business as usual,” she said.
With stock constrained, Americans are progressively going to rentals, according to information from marine rental stage GetMyBoat.
GetMyBoat sent 178,000 tenants out in 2019, up from 60,500 the earlier year, News revealed. The startup hopes to hit more than 1 million rentals this year, media detailed.
“I’ve been in this business 20 years, and I’ve never seen the boat market, over the most recent year and a half, do what it’s doing,” Bret Uptagraft, sales administrator of SkipperBud’s in Oshkosh, Wisconsin, told News.