National Marine Lenders Releases Annual Statistical Report

The National Marine Lenders Association (NMLA) has released its 2024 Annual Statistical Report (ASR). The ASR is a critical business tool, and the only report on the market for developing, understanding and supporting quality recreational marine loan production and profitability.

For 44 consecutive years, the ASR has provided detailed information and trends relating to the two major business line entities in the industry:

1) Banks, credit unions and private lenders who originate and hold recreational boat loans

2) Service companies who originate, outsource, and broker boat loans to portfolio lendersThis publication benefits all businesses and associates involved in marine lending and the entire recreational boating industry, by supplying data, management tools and summaries that can be compared to peer performance.  Data examples cover:

• Boat loan borrower characteristics: Understanding borrower age, income, and other relevant demographics
• Changing state of boat loan down payment requirements: Trends and shifts for down payment expectations, loan terms, and duration
• Delinquency, charge-off, and yield performance: Critical metrics that reflect the health and performance of boat loans
• Loan acquisition channels used by boat lenders: Methods lenders use to acquire boat loans
• Operational data for boat loan fees, lien perfection, floor plan, repossession, and remarketing: Details for boat loan processes

Complimentary to all survey participants, the ASR is available for purchase to anyone interested in recreational marine finance by visiting www.marinelenders.org.