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Go Back   SailNet Community > On Board > Boat Review and Purchase Forum
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  #11  
Old 02-22-2008
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xort has a spectacular aura about xort has a spectacular aura about xort has a spectacular aura about
It also depends on the model and the demand for that model. Witness TB's quick sale off season. I was following a certain model that had a lot of boats flooding the market. The price range was 50% and made no sense at all.
So the answer...it depends.
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  #12  
Old 02-22-2008
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Boat sales are slow....

New boat sales are way down this year. Houston show could almost be called a disaster as my lender did not close on any boats down there. For reference, last year they closed on 15 power and sailboats. Dallas show was also very weak.

Big problem I see with new boat sales is that the manufacturers are having to institute prices increases several times a year to "just keep pace with costs." I've heard of rumors that industry is going for a 12% increase in March, which should scare away even more new buyers. Cost of oil, steel, and lead, coupled with an especially weak dollar do not bode well for the buyer. I've seen some dealers adding surcharges for wing keels.

One positive out of all of this is that more people will look at used boats more closely, as those boats will be holding their value.
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Old 02-22-2008
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I spent 90% of my week at Strictly Sail Miami, where attendance was down. Estimates were 10-30% fewer people. Exhibitors there reported everything from "worst show I've ever had" to "we sold more here than any show in our history". Don't know how the "big boats" did (Hunter, Catalina, Beneteau, etc.), but the guys at Com-Pac Yachts sold all the trailerable cat boats they brought.

We went up to the convention center twice for some shooting, and when I came back to the strictly sail venue, everybody asked how it was up there. My reply was, "There doesn't appear to be any economic slow down with the power boat crowd..." To which many sailing industry types would just shake their head.
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  #14  
Old 02-23-2008
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The good mid priced boats are hittng the market and selling Quickly some before being advertised, the overpriced rubbish and the top end boats seem to be still here. I think it comes down to demand.
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Old 03-30-2009
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Of course the value of boats is down. Many owners are not willing to admit it but if you see a boat sitting on the market for 2 years, something is not right. The thing is just like the real-estate market. Those who have to get out of their boat are letting them go at fire sales, while those who don't "have" to get out are just not going to sell their boats unless the price is low. They may just sail and not sale for a year or two more.
Anyone who thinks boat prices (used market especially) just simply do not understand economics. Even the 300,000+ boats are being affected, just not as bad as the sub 100,000 boats. I have been watching the market for the last 2 years, and it is dropping at a similar rate as the housing market. If a boat is not Bristol shape it will not sell anywhere near the book value. The thing is that financing has almost completely dried up.
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Old 03-30-2009
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especially since february 2008, hey paul?
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  #17  
Old 03-30-2009
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Quote:
Originally Posted by Capnblu View Post
especially since february 2008, hey paul?
Yes, in one years time the market has gone from bad to worse. More jobs have been lost, more foreclosures and more repo's and we don't know yet if we have hit bottom. If you thought there were bargains last February, look again, there may be some better bargains to be had this year. Once the economy turns around those prices are going to climb back up at a double quick pace. The time to deal is now, if you have the money.
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Old 03-31-2009
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Value of sailboats

My guess, based on looking at used boats in West Michigan, is that the values have fallen as much as 30-40% here.

I don't think this is due to so much to economic hardship but owner's looking at total ownership costs and deciding that it is too much for 4 1/2 to 5 month season.

My son just purchased a beautiful (67) Tartan 27, ready to splash with no issues and great equipment for $4000.

My C&C 24 (79) project boat will likely be kept since it might not bring more than $3000 when it is done.

At least in this area, it is a buyers's market like I've never seen!

Murph'
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Old 03-31-2009
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Quote:
Originally Posted by CaptKermie View Post
Once the economy turns around those prices are going to climb back up at a double quick pace. The time to deal is now, if you have the money.
I find it hard to believe that this will be some rapid "V" shaped recovery with prices of homes or boats running up quickly. Too much inventory out there to bleed off even with pent up demand. Of course I have no problem being proven wrong

I made a recent offer about 20% below the lowest price a dealer was willing to go on a older trade (1990) they took in. His lowest price was reasonable, but not a too-good-to-pass-up deal. No friction though. He said if he didn't sell it by the start of summer we should talk again.
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Old 07-24-2009
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So you think Bush was bad? You ain't seen nut'n!
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