Economy's affects on used boat prices - Page 2

Yamsailor · #11 (**permalink**) 10-05-2008

Seems to me the economy is affecting boat prices.

tdw · #12 (**permalink**) 10-06-2008

More importantly why isn't the USD tanking ? If the bloody things gets down to parity with the South Pacific Peso (aka the Australian Dollar) I can pick myself up a bargain.

Dive you bastard, dive !!!!!

Yamsailor · #13 (**permalink**) 10-06-2008

The US Dollar will start sliding again--then inflation will occur--then who knows what. Best to get a boat and sail for central america--if only I could.

CalebD · #14 (**permalink**) 10-07-2008

Hang on to your hats and pants folks as this baby has just begun to buck the trend.
It is interesting to note that worldwide market places are feeling the 'aftershocks' that the US market did. It is also no surprise that so many of the multinational investment banks that are US based and have failed also had many people employed overseas.
Forget about boat re-sale prices, it is time to think about living aboard the boats you do own. I happen to wonder if OBL and al Qaida did not get into the investment market and sell off so many shorts/shares/ETFs of the companies that have failed to date (more to follow, most likely) and are laughing their asses off while living it up in Bahrain, Maldives or the Hamptons.
Nobody is very happy at the moment, even the 'leaders of industry' who are worrying about their golden parachutes in case they need to be bailed out next.
Oh wait, I hear that the first 'Bank of Microsoft' is going to buy up all the ailing banks! In your dreams.
Sleep well.

"There's a bad wind on the rise"

Yamsailor · #15 (**permalink**) 12-24-2008

OK--so i started this post a few months ago and am asking the same question now because the economy has clearly gotten a lot worse since I first asked the question. So I ask again a similar question:

Will the current credit crisis and economic outlook change used boat prices? Opinions?

tommays · #16 (**permalink**) 12-24-2008

I watch the boats at 3 local brokers on there web sights

There are some boats selling and some with prices that show that the owner HAS to sell

BUT for the most part they are not selling

The brokers are lucky becasue they all have BIG service yards to keep the income flowing

Danny33 · #17 (**permalink**) 12-24-2008

Im watching several sail boats on web and staying in touch with several brokers . One of them has dropped 7 k already in the last two months .

Im looking for spring time to bring one up here from lower 48..Its a sad thing ,but do you keep the house or the boat ?

Talked to several marinas about distressed boat and there are more all the time ...its a comming !

modul8 · #18 (**permalink**) 12-24-2008

the trends in the markets belie the lack of consumer confidence across the board. orders for durable goods in the US have been slumping consistently for months now. less demand for new boats is included in that trend. people are covering their financial butts and licking their financial wounds. I can't see that helping the sales numbers in either the new or used boat market. On the other hand Hurricaine ike created a lot of demand for new boats, in texas, an the insurers are just getting through the paperwork, plus the salvaged boats will be sold to people who couldn't normally see themselves buying a cruising sailboat, creating more interest in the sport. All kinds of market forces at play right now. lots of people losing their jobs, losing their shirts, and losing their confidence.
in my opinion that can't be good for the value of anything that is perceived as a 'luxury'.
Time will tell.
There sure are some bargains out there right now.

Yamsailor · #19 (**permalink**) 12-25-2008

Yes--I think 2009 will be very interesting. (I hope people under 40 will be able to get into this sport. Seems like the Gen Xers and younger will have a lot less disposable income in the coming years.)

I think used boat prices are going to sink like a stone in some parts of the USA.

wind_magic · #20 (**permalink**) 12-26-2008

Sure, I'll be the first to just flat out say it - YES, it's hurting the boat market. Is anyone surprised, would anyone dare argue the point ? I have talked to a number of brokers and two of them said straight out that if they were in the powerboat business they'd be having a lot of trouble right now. One said that high end sailboats were still selling, and that sailboats in general weren't doing that bad, but everything else was just sitting there. Through brokers I know of at least one desperate seller who just wanted out to save their ass. I also know of one seller who finally just delisted their boat altogether because they'd dropped the price as far as they could and just didn't want to give the boat away so they decided to keep it.