Archive for » May 13th, 2015«

March boat sales up on strong fishing, ski segments

Boat sales are closing in on nearly four years of growth with another strong month of year-over-year sales increases, according to the latest Info-Link Bellwether report.

March sales were up almost 10 percent on a rolling 12-month basis, slightly ahead of February’s rate. The Info-Link report has shown year-over-year gains since mid-2011.

The Bellwether report tracks boat sales across the country based on new U.S. boat registrations. Bellwether states are geographically dispersed states representing roughly half of the US boat market (varies by market segment and time of year).

Following a familiar pattern, every category on the report was up, with the exception of sterndrive/jet boats, which declined nearly 5 percent from March 2014’s rate.

PWC continues to be the strongest segment of the market, although the rate of growth is slowing from last year. Sales were up more than 20 percent over the last 12 months, but that’s below the 30 percent peak reached last summer as the market surged.

Besides PWC, ski boats and sport fish showed the strongest growth, both up about 15 percent on a rolling 12-month basis. Both categories have held fairly steady at that level for the last several months.

Outboard sales also continued their growth, back above 10 percent year-over-year after dipping below that level at the end of 2014.

 



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Man accused of staging boat crash pleads not guilty to fraud

MAYS LANDING, N.J. (AP) – A New Jersey man who disappeared after authorities say he staged a boating accident has pleaded not guilty to fraud charges.

Andrew Biddle, of Egg Harbor Township, entered his pleas during an arraignment hearing Tuesday.

Prosecutors say the charges stem from a series of fraudulent transactions that Biddle and another man committed through their boat sales business. Biddle has not yet been charged in relation to his disappearance.

The 45-year-old Biddle was reported missing July 20 after he and another man went into the water when their pontoon boat hit a buoy in Longport. His friend swam to shore and called police to say Biddle was missing.


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