The boat industry is still going strong

What's happening: Boat values are almost 20% higher now nationally than in 2019.

• The average value of a boat — counting both sailboats and powerboats — in the U.S. is $139,152 now, up from $103,629.
• Plus, boats are also spending fewer days on the market: 187 during the first half of 2023 compared to 261 days in 2019.
• Inventory is finally being replenished after the supply chain was disrupted during the pandemic, the report says.

What they're saying: The report reflects "a very positive trajectory," for the boating industry, Courtney Chalmers, VP of marketing at Boats Group, said in a statement.

Of note: A survey by Boat Trader in May found that two in five millennials who bought boats within the last one to three years plan to upgrade their vessels.

• The success of the industry depends on attracting new and younger customers, Chalmers said in a statement at the time.