Marine

Marine

Industry Challenges

The marine industry is changing.

  • Boat Sales Are Down

    Boat sales are down to the lowest point in a decade. Following years of record sales, inflation and high rates are preventing buyers from making big purchases.  

  • Generating Interest Among Younger Buyers

    Economic uncertainty is top of mind for a new generation of boaters. They are hesitant to make big purchases, but represent an emerging segment with big potential.  

  • Concern Over Fuel Volatility

    The rising cost of fuel and concern with the environmental impact of boating has made some (especially younger) consumers hesitant to buy. 

  • Capitalize on Sales of Personal Watercraft

    Despite slowing boat sales, personal watercraft sales have surged in recent years. Dealers must nurture this segment and capitalize on growth potential.