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Is used market crashing?

Old 06-11-2019, 11:19 AM
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Originally Posted by ddogopti View Post
The Grady White referenced as an example (year of boat and motors not listed in the AD) is easy a 20 plus year old boat and motor combo and can't be financed. It has some work done, that is not the original Grady Bracket on the boat assuming it was originally an enclosed transom Grady. In general people with $20000 in spare cash lying around aren't buying 20 Year old boats and motors and have the means to buy/finance newer. Even at 13500 cash you are looking at a limited buying pool. The two stroke carbureted mercs aren't worth much and could blow up in 10 hours or 100 after buying it. Down here, possibly a retired guy that has the time and enjoys tinkering may take it on. Old boats are a tough sell. Will be up against this with my 82 Grady. From what I can tell, the sum of the parts of my boat (Bracket, trailer, lower unit, Tilt and trim, Hydraulic steering, Trim tabs, 80 Gallon XPE fuel tank, block, midsection, etc) is worth more than selling the boat as a Turn Key runner due to the age. From what I have seen there are some unrealistic asking prices on older boats. Could also be "Yes dear I put the boat up for sale" pricing.
Agreed (on that specific boat) as I would not even consider those motors serviceable for me. That's junk hanging on the back. I wouldn't pay more that hull/trailer value for that boat. But it seems like every GW short of the old lap strake hulls have been bringing ridiculous prices until recently. Also seeing mid-tier boats coming down. Then there's the drool names out there that seem to be getting darn near new prices (as previously mentioned).
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Old 06-11-2019, 11:48 AM
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THT is the reason for the inflated used boat market.

For years everyone here has been saying people are crazy for buying new.
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Old 06-11-2019, 01:01 PM
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Originally Posted by Jed0012 View Post

you don’t actually have to open a thread just to say this you can skip it and go about your business. We don’t care if there is a duplicate thread.
23 likes on this post so far. I'm CERTAIN that is a new record - though I admittedly didn't do a search to verify!

Hahahahaha...
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Old 06-11-2019, 02:24 PM
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Originally Posted by VTXrider View Post
I doubt any prices are correcting sometimes in strong markets people get overly ambitious and think their asset is worth even more than the strong market.

I'd like to see that Grady, for $13.5? maybe they had a buyer do a survey and found some rot?
Very likely. Internet threads such as THT are making it easier for would-be suckers to inform themselves on the potential pitfalls of buying a new boat.
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Old 06-11-2019, 03:49 PM
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Originally Posted by Moosquito View Post
Very likely. Internet threads such as THT are making it easier for would-be suckers to inform themselves on the potential pitfalls of buying a new boat.
Its the oldest story in the book. When you buy new people pay whatever it takes to have in many cases. And when you resell used then its only worth what people are willing to give you. Or you can have it for breakfast.
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Old 06-11-2019, 04:28 PM
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I bought my 2013 with 170 hours for 27k a year ago. I'm still doing pretty good.

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Old 06-11-2019, 06:09 PM
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Originally Posted by Ed455 View Post
I always wonder about that with Grady Whites when the price drops dramatically. I have come across quite a few with "very flexible" transoms. Here's the one that dropped $6500 since last time I saw it. Looking closely in the picture, you can see that it needs some love.

​​​​​​https://www.facebook.com/marketplace...9002573150754/

That's not a great ad in terms of photos to sell the boat - I see that and think what are they hiding - no close up pics of the engines or inside of the boat - when I'm buying I don't want to see pics of a boat in a sunset, what the seller's latest catch was or fishing badges - I want a good tour of the boat. Plus the ad skips of the description of the engines - hiding the fact they are old school two strokes is not a good plan - just be upfront about exactly what you're selling.

I wonder if the boat has had a few viewings and then people disappointed by what they've actually found and now the seller has realized he needs to be more realistic.
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Old 06-11-2019, 07:14 PM
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Originally Posted by Clinker View Post
That's not a great ad in terms of photos to sell the boat - I see that and think what are they hiding - no close up pics of the engines or inside of the boat - when I'm buying I don't want to see pics of a boat in a sunset, what the seller's latest catch was or fishing badges - I want a good tour of the boat. Plus the ad skips of the description of the engines - hiding the fact they are old school two strokes is not a good plan - just be upfront about exactly what you're selling.

I wonder if the boat has had a few viewings and then people disappointed by what they've actually found and now the seller has realized he needs to be more realistic.
I think you nailed it on that particular boat. What is not said sometimes tells the story the best.
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Old 06-11-2019, 09:41 PM
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Originally Posted by buckshotgumbo View Post
THT is the reason for the inflated used boat market.

For years everyone here has been saying people are crazy for buying new.
They are right. What the hell am I thinking? My first two houses combined cost less.
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Old 06-11-2019, 09:44 PM
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It is crashing, sell all your boats now, get out of the water!!!!!
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Old 06-12-2019, 03:25 AM
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Used boats are harder to sell than used cars. Asking $20k and taking $10k is not uncommon.
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Old 06-12-2019, 04:27 AM
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Jumpsummo try to buy those two houses today for less than that 3000 you are having built. I love the 3000 but it is 3" to long for my boat dock (long story). I have a small boat sales next to my place just looked 1995 GW 25' twin 200 Yahm on a newer Venture trailer $29,900 now $22,900 has been on the lot for + - 2mos. The only thing that doesn't lose value is land they don't make it any more and if they do $$$$$$$$$$$$$.
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Old 06-12-2019, 05:16 AM
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Originally Posted by wajski View Post
Jumpsummo try to buy those two houses today for less than that 3000 you are having built. I love the 3000 but it is 3" to long for my boat dock (long story). I have a small boat sales next to my place just looked 1995 GW 25' twin 200 Yahm on a newer Venture trailer $29,900 now $22,900 has been on the lot for + - 2mos. The only thing that doesn't lose value is land they don't make it any more and if they do $$$$$$$$$$$$$.
Getting top money for 1995 boat isnt easy but it makes a big difference is it's got Yamaha 200 2 strokes or more recent 4 strokes. Does it have a 5" GPS that loses it's mind every time you turn it off or a more modern Lowrance with sidescan and 5000 waypoints.

Buyers can cry all they want but a solid hull, good engines, good electronics can't be had in a 2015+ boat for 30k. You can in a 1995. Price a new 24' anything with F250 and electronics.

I'd wait for someone with the cash and ignore the porch sitters. They haven't a clue.
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Old 06-12-2019, 06:48 AM
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DJIA 26000 = Strong boat mkt. DJIA 20000 and falling quickly = weak boat mkt. Anything else is simply mkt fluctuations or a particular seller tired of waiting for a big number.
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Old 06-12-2019, 09:03 AM
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Originally Posted by Clinker View Post
That's not a great ad in terms of photos to sell the boat - I see that and think what are they hiding - no close up pics of the engines or inside of the boat - when I'm buying I don't want to see pics of a boat in a sunset, what the seller's latest catch was or fishing badges - I want a good tour of the boat. Plus the ad skips of the description of the engines - hiding the fact they are old school two strokes is not a good plan - just be upfront about exactly what you're selling.

I wonder if the boat has had a few viewings and then people disappointed by what they've actually found and now the seller has realized he needs to be more realistic.
Back on the market again after being marked sold. Failed another inspection, the market for used boat will keep crashing based on this sample of one.
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Old 06-12-2019, 09:10 AM
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I see prices all over the map, but i will tell you that buying a used boat it tricky (At least here in miami).
It is amazing the amount of crap that people out there are selling. Garbage!
You have to be very selective.
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Old 06-12-2019, 09:42 AM
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Originally Posted by VTXrider View Post
Back on the market again after being marked sold. Failed another inspection, the market for used boat will keep crashing based on this sample of one.
All right smartass. I used the one as an example. But you apparently think it's a one boat aberration. There are MANY. It's easy to see why some of them are reduced, but the bottom line is that they're dropping prices by many thousands. All of these have made major cuts in their prices in the last few weeks. For many, it's people realizing that folks won't pay for 2 stroke power anymore, as previously stated.

​​​​​​https://www.facebook.com/marketplace/item/597500687413577/

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https://www.facebook.com/marketplace/item/840724022965795/

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https://www.facebook.com/marketplace/item/2509830475701836/

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https://www.facebook.com/marketplace/item/380670782578201/

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https://www.facebook.com/marketplace/item/446463935915625/

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https://www.facebook.com/marketplace/item/413510192570141/

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https://www.facebook.com/marketplace/item/363566207847905/

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https://www.facebook.com/marketplace/item/402605496984952/

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https://www.facebook.com/marketplace/item/403042490286134/

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https://www.facebook.com/marketplace/item/2413389868711719/

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https://www.facebook.com/marketplace/item/688090744955522/

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https://www.facebook.com/marketplace...6423585759187/

https://www.facebook.com/marketplace...5341302662183/

https://fortmyers.craigslist.org/lee...869724022.html

https://fortmyers.craigslist.org/lee...888557920.html

https://fortmyers.craigslist.org/chl...904806208.html

https://fortmyers.craigslist.org/chl...888661627.html
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https://treasure.craigslist.org/bod/...908727160.html
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That's a small sampling of boats that have been dropping the prices. Assorted ages and sizes. So, nothing in the discussion changes except your "sampling of one" brilliant contribution.
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Old 06-12-2019, 09:46 AM
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Hardly. Just look at that salvage title Yellowfin without motors that floated around Florida during a hurricane that's about to sell for 85K.
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Old 06-12-2019, 10:05 AM
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There is no rhyme or reason - I have seen 7-10 year old boats bring crazy money in the last 3 months - I have seen a 3 year old boats sell for 5,000 less than a new one in the last 30 days. Then again I have a boat I cannot giveaway.
The brand of boat combined with the brand of engine is most likely the culprit, but even at a large discount below book value - still no buyers.
One reason for a bunch of people "Dropping their shorts" all of a sudden - The 2020 models are on their way - hell I have one already. So ALL the used boats become 1 year older this month. Value drops
.
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Old 06-12-2019, 10:18 AM
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Originally Posted by Salty Gator4 View Post
I wish someone would inform SeaVee 32 and 34 owners of the crash.

Someone needs to enlighten them. My buddy just took delivery of a new 37' Sea Vee last month and sellers are asking more for their 1-2 year old Sea Vee than what he paid for a brand new one. Yes, they hold their value better than most brands...but they are not that good.
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