NEWS:
For the most current Ski, Surf & Wakeboat News, go to our Facebook Page: https://www.facebook.com/inboardskiboats
From a recent Press release from NMMA, dated 3/2/21:
Boat Builders Facing Hurdles as They Work to Fill Backorders
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.”
To access the Monthly Shipment Report and ITR Economics forecast, visit NMMA.org/statistics.
Boat Builders Facing Hurdles as They Work to Fill Backorders
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.”
To access the Monthly Shipment Report and ITR Economics forecast, visit NMMA.org/statistics.
NMMA Reports U.S. Boat Sales Reached 13-Year High In 2020
The NMMA reported today that retail unit sales of new powerboats in the U.S. increased last year by an estimated 12 percent compared to 2019. More than 310,000 new powerboats were sold in 2020, levels the recreational boating industry has not seen since before the Great Recession in 2008. Read more
The NMMA reported today that retail unit sales of new powerboats in the U.S. increased last year by an estimated 12 percent compared to 2019. More than 310,000 new powerboats were sold in 2020, levels the recreational boating industry has not seen since before the Great Recession in 2008. Read more
Benefits of membership in NMMA: Go to https://www.nmma.org/membership/join/benefits
News from USA Water Ski & Wake Sports
Please consider supporting USA Water Ski & Wake Sports
Click on Logo to go directly to their website,
or go directly to their facebook page at https://www.facebook.com/USAWaterski/
Team USA Donations
Support Your Sport! Follow this link - https://www.teamusadonations.com/donate.html
Please consider supporting USA Water Ski & Wake Sports
Click on Logo to go directly to their website,
or go directly to their facebook page at https://www.facebook.com/USAWaterski/
Team USA Donations
Support Your Sport! Follow this link - https://www.teamusadonations.com/donate.html
2021 USA Adaptive Nationals Postponed; 2021 Disabled Worlds Canceled by USA Water Ski & Wake Sports | March 25, 2021, 12:02 p.m. (ET)
The International Waterski & Wakeboard Federation’s Disabled Council has announced that the 15th World Disabled Water Ski Championships, originally scheduled for 2021 and then postponed until March 2022, has been canceled. The next World Disabled Water Ski Championships will take place in March 2023 at the Bridgewater Ski Club in Bendigo, VIC, Australia.
The decision was based upon health concerns and the unknown variables COVID-19 presents.
Subsequently, USA Adaptive Water Ski and Wake Sports Inc. has postponed the 2021 U.S. Nationals/Team Trials until Sept. 14-17, 2022. It will take place in Paducah, Ky.
USA Adaptive Water Ski and Wake Sports Inc. will provide updates via e-newsletters, its website and Facebook. To ensure that you get the latest news in adaptive water skiing in the U.S. and around the world, please sign up for email communication at www.usaadaptivewaterski.org.
The International Waterski & Wakeboard Federation’s Disabled Council has announced that the 15th World Disabled Water Ski Championships, originally scheduled for 2021 and then postponed until March 2022, has been canceled. The next World Disabled Water Ski Championships will take place in March 2023 at the Bridgewater Ski Club in Bendigo, VIC, Australia.
The decision was based upon health concerns and the unknown variables COVID-19 presents.
Subsequently, USA Adaptive Water Ski and Wake Sports Inc. has postponed the 2021 U.S. Nationals/Team Trials until Sept. 14-17, 2022. It will take place in Paducah, Ky.
USA Adaptive Water Ski and Wake Sports Inc. will provide updates via e-newsletters, its website and Facebook. To ensure that you get the latest news in adaptive water skiing in the U.S. and around the world, please sign up for email communication at www.usaadaptivewaterski.org.
A Guide For Newcomers: So, you want to ski? You enjoy being out on the water. The speed! The sun! The exhilaration! The fresh air! USA Water Ski & Wake Sports has it all and will make your dreams come true. We want you and your family to enjoy all that is possible on the water. We can help bring you the thrills and spills of water skiing and wakeboarding. What are you waiting for? If you have the itch, USA Water Ski & Wake Sports is the place for you. To continue reading, go to https://www.teamusa.org/USA-Water-Ski/Information-For-Newcomers