New-boat sales surge in Missouri after sharp decline

10 months 1 week 4 days ago Sunday, July 09 2017 Jul 9, 2017 Sunday, July 09, 2017 12:22:58 PM CDT July 09, 2017 in News
Source: AP
By: The Associated Press

SPRINGFIELD (AP) — Missourians are buying new boats in record numbers, fueling a rebound from a decline in 2009 and 2010.

The National Marine Manufacturers Association says new boat sales hit $339 million last year, after dropping below $200 million after the Great Recession.

The Springfield News-Leader reports that's a 9 percent increase in Missouri sales in one year and represents 5,900 new boats in the state.

The state now ranks 16th in the U.S. for the sale of new boats.

Thom Dammrich, president of the marine association, says the sale of new boats, marine products and services is up across the country. Those sales reached $36 billion nationwide in 2016, an increase of 3.2 percent from 2015. About 247,800 new powerboats were sold last year, up 6 percent from 2015.

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