Yahoo Finance | EN590 Commodities
EN590 Commodities GroupShipping / Logistics 2026-07-24T16:17:00+00:00
True boat lovers reject the popular saying that the two happiest days of a boater's life are the day they buy the boat and the day they sell it. For them, happiness is putting the boat in the water and sailing off, never-ending expenses included. That devotion drove a boom in boat sales during the Covid pandemic, as many Americans turned to the water to escape. After seeing a spike in sales during the crisis, when most other industries struggled, the recreational boating market is now feeling the impact of consumers' discretionary spending cuts. In fact, most boat owners make less than $100,000 a year, often purchasing smaller and more affordable vessels. This makes the industry "particularly sensitive to shifts in consumer confidence and credit availability," according toIBIS World's Boat
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.