NMLA Releases Annual Statistical Report

The National Marine Lenders Association (NMLA) has launched its 2023 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. This 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. 

For 43 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 lenders 

Selected highlights include: 

• The changing state of boat loan downpayment requirements 
• Current loan borrower demographic characteristics 

• Delinquency, charge-off, and yield performance 
• Boat loan acquisition channels used by lenders 
• Operational data for loan fees, lien perfection, floor plan, repossession, and remarketing 

The ASR is complimentary for participants and is available for purchase to all non-participants and anyone interested in marine finance. To obtain a copy visit the NMLA website at www.marinelenders.org