Coronavirus spurs boat demand, but inventory woes hinder sales
U.S. boat sales remain low – but not because consumers aren’t looking to buy. Instead, the culprit is inventory: manufacturers of water vehicles are struggling to keep up with rising demand. Boat sales overall declined by 1.5% to 24,537 units in May compared to 2019, but the decline was minimized thanks to jet boats and personal watercraft sales, which grew by 28% to 707 units and 19% to 8,527 units respectively in May compared […]
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