The Detroit Boat Show wrapped up its nine day run at Cobo Center Sunday, February 22. Show management reported attendance was nearly the same as in 2014 despite the poor weather conditions. Among those who came, many were buyers which pleased exhibitors who reported strong sales and positive consumer confidence.
“Positive dealer comments lead us to believe this may have been the best show in more than 5 years for many,” said Detroit Boat Show Manager Nicki Polan. “We saw strong sales for our accessory booths and heard good comments from our marinas, service companies, and dock exhibitors as well.”
Michigan is the 3rd largest marine market in the country and Michigan has outpaced the national average in new boats, accessories, engine and trailer sales for four years inmoney boat a row. Continued growth is predicted for the next three years. “Michigan’s rebounding economy and increasing home values are helping consumer confidence. Pent up demand and more discretionary spending dollars are leading buyers to boat shows,” said Polan.
The possibility of a sales tax increase in May and the savings from our Sales tax on the difference Law, may also be driving sales during the 2015 winter boat show season. Sales Tax on the Difference went into effect in 2014 and saves boat buyers, with a trade in, thousands of dollars by requiring only paying tax on the difference of the new boat minus the trade in value.
The Detroit Boat Show grew again in 2015 and at 350,000 square feet, the show has nearly doubled in size in the last 4 years at Cobo Center. Space sales were up (17%) over 2014 and the show was sold out. Nearly 1000 boats were on display and featured 35 new model introductions.
The 2016 Detroit Boat Show will be held Feb. 13-21 at Cobo Center. The Detroit Boat Show is produced by the Michigan Boating Industries Association (MBIA), a state-wide marine trade association representing Michigan’s $7.4 billion boating industry.
For more information on the Detroit Boat Show,go to www.detroitboatshow.net
For more information about MBIA go to www.mbia.org.