As boat registrations sag in Connecticut, will dealers drop prices on nautical vessels? [The Hour, Norwalk, Conn.]
May 25—Four years after
Following an extended run through 2006 in which
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The pandemic reinvigorated interest in larger boats, however, with registrations cresting at nearly 6,000 vessels in 2021. But
Inflation's impact on household budgets remains an unknown wild card, along with higher interest rates that have made loans more expensive to finance the purchase of boats.
To spur greater interest in boating, Brunswick has been building out a
"Our first-quarter
Early this year, NMMA reported it expects unit sales of new boats to be flat this year. The market for used boats trended downward in 2022, NMMA reported last fall.
Storage rates vary from marina to marina. At
But the overall cost of boat ownership is higher, with estimates ranging anywhere from
For those considering a boat it all adds up — which could prompt manufacturers to drop the price to bring buyers back to boat shows and dealerships. The CEO of
"If dealers have too much inventory, they won't order as much product as the manufacturers want them to order," said
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