Join Date: Dec 2003
Thanked 0 Times in 0 Posts
Rep Power: 11
"Blue Book" Value of a Boat
I know this is late but I don''t come to this web site often. Just to clarify how NADA sets values here is a message from them to me in response to asking if they set values from straight depreciation...(in short they don''t do it that way).
I am in receipt of your email regarding our valuations, thank you. I completely understand your question, even employees of NADA run into this statement from time to time. For example we hear that the values are not market reflective or we develop them with a dart board.
With that said, we collect, review and editorialize used sales reports from our advisory board members in the marine industry to develop valuations. Our advisory board is comprised of over 350 marine dealers and brokers across the United States. The area though where we might run into a bit of trouble is with exotic or limited production boats. For example, a 2002 90'' Hatteras may not change hands for a few years, "Due to limited resale activity", we are unable to establish a used value. Our values are based on a national average but clearly there are products in great condition in the marketplace worth considerably more and conversely in bad condition worth considerably less.
This might also be the case with a Corsair Trimaran, we recognize and list them, but because there are not as many sold as say Bayliner it makes our job a bit harder. Although we do our best and please know if you run into any difficulties or would like us to review the marketplace and values we will more than happy to assist you if we can.
As a side note, we ship over 350,000 publications a month and very rarely hear of problems.
Please keep in mind that this is a National Average and the valuations might need to be adjusted for your marketplace and are intended to be used as a guideline. Also, you are looking at the consumer website which does not show the high values which could be as much as 15% higher.
Troy D. Heidemann
Assistant Editor/Marine Division
N.A.D.A. Appraisal Guides
(714) 556-8511, ext. 261