Retail

Boat sales took off during pandemic, dealers can’t keep up with demand

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People view yachts during the Miami International Boat Show in Miami, Florida, United States on February 14, 2020.

Marco Bello | Anadolu Agency | Getty Images

Boat sales skyrocketed last year during the coronavirus pandemic as more Americans turned to the lifestyle amid more flexible work environments that allowed people to spend extra time enjoying the outdoors.

Sales of boats, marine products and services across the country leaped to a 13-year high in 2020 to $47 billion, increasing 9% from the prior year, according to the National Marine Manufacturers Association.

The trend, which shows few signs of slowing in 2021, shocked industry players who were certain they were in for rough times as…



Source cnbc.com

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