Miami-based Victory Marine Holdings (OTC: VMHG) is leveraging its experience to spread its reach and capitalize on a booming market targeted by the recreational marine provider. The latest data dashboard version of the National Marine Manufacturers Association (“NMMA”) shows impressive wholesale and retail sales performance indicators for new powerboats (http://nnw.fm/u4u9C). A recent article discussing the company reads, “Wholesale shipments of powerboats through July 2018 ended on a strong note, with growth of 12.3 percent on a rolling 12-month year-over-year basis. This, combined with the positive growth signal from the U.S. Purchasing Managers Index, shows a vibrant market that Victory Marine can leverage to establish itself as a key industry player. … In 2017, the NMMA reported that the industry recorded sales of $39 billion. This presents a huge opportunity for yacht sales, brokerage and consulting companies like Victory Marine to spread their reach, both vertically and horizontally. On the vertical front, the company has already established partnerships with select manufacturers. This is part of a long-term strategy to establish its own pipeline of unique, private-label design.”
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About Victory Marine Holdings Corp.
Victory Marine Holdings Corp. is a recreational marine provider seeking to bring the best product and best service in different areas of this amazing industry. The company is focused on providing its clientele with a one-stop experience for all of their recreational marine needs, from new and used boats to financing, insurance, documentation and accessories. For more information, visit the company’s website at www.VictoryYachts.com.
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