Big-boat sales increase - Moderated Discussion Areas

  ContinuousWave
  Whaler
  Moderated Discussion Areas
  ContinuousWave: The Whaler GAM or General Area
  Big-boat sales increase

search | FAQ | profile | register | author help

Author Topic:   Big-boat sales increase

hauptjm posted 04-07-2010 12:03 PM ET (US)
"As the first quarter of 2010 ended, yacht brokerages in the United States closed nearly 30 percent more boat sales than in the same period in 2009 and at a total valuation 70 percent higher." according to Trade Only.
Not sure what this indicates, but anything good is good news in the marine industry.
Here's the article: http://www.tradeonlytoday.com/home/ 503694-big-boat-sales-spur-brokerage-gains
WT posted 04-07-2010 01:32 PM ET (US)
The sales in big boat sales is probably larger boats being foreclosed. Or dealership/manufacturers going out of business and dumping inventory.
It's kind of like when the median sales prices of homes are starting to increase. It's only because many $2M homes are selling at $800,000 in foreclosure or short sales.
Are any of us on this site seeing increased boat sales in their neck of the woods? I'm not, in California.
Buckda posted 04-08-2010 04:48 PM ET (US)
When I ordered my new trailer today, the dealer mentioned that he has been busier than ever, and last month was his busiest on record.
My interpretation of this, and the reports of record sales of outboard engines from my Evinrude dealer, is that many folks are reinvesting their money to improve the old boat, rather than buy new. New engines, new trailers, etc.
We're close to the bottom - and perhaps we've found it - but I think the activity is a result of the new frugality - renovate, not replace.
We'll see in the next few months.
On the good side, about 47 percent of American's didn't owe/pay any income tax in 2009....all that money needs to go somewhere.
:)
Kingsteven18 posted 04-08-2010 09:01 PM ET (US)
What is 30% more than almost nothing?
brisboats posted 04-08-2010 09:20 PM ET (US)
I knew it...especially when nearly all the brokerage ads say "owner moving up" ;-)).
Brian
hauptjm posted 04-08-2010 11:39 PM ET (US)
Kingsteven, 6,000 boats versus 4,500 and $326 million versus $167 million in valuations seems to be a lot more than nothing. It may not be heaven, but if I'm in the big boat business, it's better than a stick in the eye!
pglein posted 04-09-2010 01:53 PM ET (US)
We are seeing a significant increase in interest and closed purchases here in Washington. It's not exactly booming, but the industry is clearly recovering. However, new boat sales are still almost non existent.

Hop to:

Contact Us | RETURN to ContinuousWave Top Page

Powered by: Ultimate Bulletin Board, Freeware Version 2000
Purchase our Licensed Version- which adds many more features!
© Infopop Corporation (formerly Madrona Park, Inc.), 1998 - 2000.

Author	Topic: Big-boat sales increase
hauptjm	posted 04-07-2010 12:03 PM ET (US) "As the first quarter of 2010 ended, yacht brokerages in the United States closed nearly 30 percent more boat sales than in the same period in 2009 and at a total valuation 70 percent higher." according to Trade Only. Not sure what this indicates, but anything good is good news in the marine industry. Here's the article: http://www.tradeonlytoday.com/home/ 503694-big-boat-sales-spur-brokerage-gains
WT	posted 04-07-2010 01:32 PM ET (US) The sales in big boat sales is probably larger boats being foreclosed. Or dealership/manufacturers going out of business and dumping inventory. It's kind of like when the median sales prices of homes are starting to increase. It's only because many $2M homes are selling at $800,000 in foreclosure or short sales. Are any of us on this site seeing increased boat sales in their neck of the woods? I'm not, in California.
Buckda	posted 04-08-2010 04:48 PM ET (US) When I ordered my new trailer today, the dealer mentioned that he has been busier than ever, and last month was his busiest on record. My interpretation of this, and the reports of record sales of outboard engines from my Evinrude dealer, is that many folks are reinvesting their money to improve the old boat, rather than buy new. New engines, new trailers, etc. We're close to the bottom - and perhaps we've found it - but I think the activity is a result of the new frugality - renovate, not replace. We'll see in the next few months. On the good side, about 47 percent of American's didn't owe/pay any income tax in 2009....all that money needs to go somewhere. :)
Kingsteven18	posted 04-08-2010 09:01 PM ET (US) What is 30% more than almost nothing?
brisboats	posted 04-08-2010 09:20 PM ET (US) I knew it...especially when nearly all the brokerage ads say "owner moving up" ;-)). Brian
hauptjm	posted 04-08-2010 11:39 PM ET (US) Kingsteven, 6,000 boats versus 4,500 and $326 million versus $167 million in valuations seems to be a lot more than nothing. It may not be heaven, but if I'm in the big boat business, it's better than a stick in the eye!
pglein	posted 04-09-2010 01:53 PM ET (US) We are seeing a significant increase in interest and closed purchases here in Washington. It's not exactly booming, but the industry is clearly recovering. However, new boat sales are still almost non existent.