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Boat Prices

Old 09-28-2020, 01:09 PM
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Default Boat Prices

Is it just the used boat market that is outrageous right now or have new boats been inflated as well?
Old 09-28-2020, 01:14 PM
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From what I saw while shopping, new boats got a normal 3% msrp bump for 2021 and I found nice discounts on ordering new still.
Old 09-28-2020, 01:18 PM
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Originally Posted by 69Mach390 View Post
It’s just you. No one else has mentioned anything.
Yea right! You are either blind, have been living under a rock, or just being an asshole. Dealers can't keep used inventory..
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Old 09-28-2020, 01:20 PM
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I suspect boat manufacturers would be cautious about raising prices now as it might be seen as price gouging which would suggest their prices are not based on production costs plus a fair profit. Boat buyers and forums would have a long memory of a company that appeared to be doing that.

But supply and demand can still be a factor in the final cost of a boat as incentives and promotions are reduced.
Old 09-28-2020, 01:22 PM
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Originally Posted by nm4568 View Post
Yea right! You are either blind, have been living under a rock, or just being an asshole. Dealers can't keep used inventory..
Just being an asshole, there’s like 10 active threads on the subject just in the last couple weeks.

You responded too fast though. I had changed my mind and decided to be nice and edited my post.

Now I regret my decision and want to go back to my first response lol.
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Old 09-28-2020, 01:32 PM
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It depends. If you are patient and strike fast you will get a great boat priced right. In the last few weeks nice contender st, cv, 34 regs, Freeman’s etc have listed and sold in weeks. Prices were hot and someone is happy.
plenty of suckers on THT paying 100k for boats that sold new 15 years ago for 70k. If you are asking the question you probably ain’t the sucker
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Old 09-28-2020, 01:35 PM
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I wouldn't buy ANYTHING right now unless you can't live without it.
Old 09-28-2020, 01:46 PM
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Originally Posted by 2Smoker119 View Post
I wouldn't buy ANYTHING right now unless you can't live without it.
Agreed! Boating is dumb!

This looks way more fun!



Old 09-28-2020, 01:47 PM
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Originally Posted by Sin Nombre View Post
I suspect boat manufacturers would be cautious about raising prices now as it might be seen as price gouging which would suggest their prices are not based on production costs plus a fair profit. Boat buyers and forums would have a long memory of a company that appeared to be doing that.

But supply and demand can still be a factor in the final cost of a boat as incentives and promotions are reduced.
Say what? How does one "price gouge" on a pure luxury item??? Supply and demand have always ruled the day with boats, and when supply is low and demand is high, dealers can charge whatever they want. And no....long memories will do nothing but increase resale pricing.

LOL.

Yeah, this is like the 15th "pricing" thread this month....and the analyses just get wierder and wierder....
Old 09-28-2020, 01:49 PM
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Originally Posted by wangotango321 View Post
It depends. If you are patient and strike fast you will get a great boat priced right. In the last few weeks nice contender st, cv, 34 regs, Freeman’s etc have listed and sold in weeks. Prices were hot and someone is happy.
plenty of suckers on THT paying 100k for boats that sold new 15 years ago for 70k. If you are asking the question you probably ain’t the sucker
This is really the case. While we were shopping for a boat earlier this year, the available inventory was surprisingly good, at least for the type of boat we were looking for, and our budget. I think it also depends of the area where you live or where you are intending to purchase the boat.
Old 09-28-2020, 01:53 PM
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Originally Posted by 69Mach390 View Post
Agreed! Boating is dumb!

This looks way more fun!


Yea, i think I would have to agree with you on this one...This does look way more fun!
Old 09-28-2020, 01:56 PM
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Yea I have seen the other 15 threads but didn't see any specific mention on used vs new boat prices so I figured what the hell, let's start a 16th thread. Who wants to go back and read/dig through 16 pages of old news from last week?
Old 09-28-2020, 01:56 PM
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The market I'm looking at (sportfish 45-55ft range) has pretty decent amount of inventory. The quality however is crap and the prices are not reflective of the condition. So not a supply/demand problem. I think it is mostly due to sympathetic pricing vis-a-vis boats in other, hotter markets (e.g. the mid size CC group). The lopsided pricing will fix itself as time goes on and their boats remain on the market. Patience is the key right now. For those financing, I'm not worried about interest rates either, those are staying low for awhile.
Old 09-28-2020, 01:58 PM
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From what I've gathered so far, it sounds like the new boat prices are in line with what they were last year (with a typical 3% inflation)? If that's the case, then I will buy a new one this winter and sell it for 10K more than I paid for it to some Yuppie next spring? Sounds like a win-win!
Old 09-28-2020, 02:00 PM
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Originally Posted by Sin Nombre View Post
I suspect boat manufacturers would be cautious about raising prices now as it might be seen as price gouging which would suggest their prices are not based on production costs plus a fair profit. Boat buyers and forums would have a long memory of a company that appeared to be doing that.

But supply and demand can still be a factor in the final cost of a boat as incentives and promotions are reduced.
They've done this steadily since 2000's....

Boats that used to cost 200k now cost 800k in a span of 10-15 years. Inflation may have been 35% total in that time span. We're talking boats with very minimal changes. Take a GW 300 Marlin for example. The cost to build the boats did not go up 4x. The builders are pumping in max profits, and probably even contributing to a slower supply. If freeman didn't make people wait 3 years, would people be willing to spend the same amount of money? Good marketing, making people wait for a boat they want adds value that might not actually be there.
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Old 09-28-2020, 02:03 PM
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Originally Posted by nm4568 View Post
From what I've gathered so far, it sounds like the new boat prices are in line with what they were last year (with a typical 3% inflation)? If that's the case, then I will buy a new one this winter and sell it for 10K more than I paid for it to some Yuppie next spring? Sounds like a win-win!
That’s exactly what people have been doing for the last decade.

You’ll still lose money on the deal (sales tax, insurance, maintenance, fuel, inflation, etc) but people buy a boat for 70k, drive it 3 years, then sell it used for 70k (because a new one is 100k).

When they pitch that deal to their wives, it was a “free boat!” (It wasn’t for the reasons mentioned above) but still not a bad deal.
Old 09-28-2020, 02:07 PM
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Originally Posted by Gali View Post
They've done this steadily since 2000's....

Boats that used to cost 200k now cost 800k in a span of 10-15 years. Inflation may have been 35% total in that time span. We're talking boats with very minimal changes. Take a GW 300 Marlin for example. The cost to build the boats did not go up 4x. The builders are pumping in max profits, and probably even contributing to a slower supply. If freeman didn't make people wait 3 years, would people be willing to spend the same amount of money? Good marketing, making people wait for a boat they want adds value that might not actually be there.

But they’re “top tier!” Lol.

What’s funny is that during the same time period, new car prices haven’t gone up nearly as much.

2000 Honda Accord lx auto- $20k msrp
2020 Honda Accord lx auto- $24k msrp
Old 09-28-2020, 02:08 PM
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Originally Posted by nm4568 View Post
Yea I have seen the other 15 threads but didn't see any specific mention on used vs new boat prices so I figured what the hell, let's start a 16th thread. Who wants to go back and read/dig through 16 pages of old news from last week?
It’s a great thread. I have wondered the same thing. I’m not going to perform a “mystery search” or read through pages of previous posts. It’s a great question, pay no attention “””””””””.
Now, where’s Tunnels gone?
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Old 09-28-2020, 02:15 PM
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Anything that takes a lot of labor to build has went up exponentially in the last couple decades. Housing market is a good example. Things built on assembly lines with robots or with child labor from china not so much.

Higher new boat prices will have a reflection onto used boat market. So the higher new, higher used. What a boat sold for new only makes a difference in used boat pricing in real time. What the boat sold for ten years ago new means nothing. In this aspect boats are more like the housing market then the auto market. What you paid for a house 20 years ago does not have a bearing on what it will sell for today. The current market and the cost to build a new home will.

Last edited by Jeepman; 09-28-2020 at 02:20 PM.
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Old 09-28-2020, 02:20 PM
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Originally Posted by Gali View Post
They've done this steadily since 2000's....

Boats that used to cost 200k now cost 800k in a span of 10-15 years. Inflation may have been 35% total in that time span. We're talking boats with very minimal changes. Take a GW 300 Marlin for example. The cost to build the boats did not go up 4x. The builders are pumping in max profits, and probably even contributing to a slower supply. If freeman didn't make people wait 3 years, would people be willing to spend the same amount of money? Good marketing, making people wait for a boat they want adds value that might not actually be there.
I found your post helpful in thinking about this topic and now you have me wondering the following (and if this was addressed in any of the 79 other threads on the topic I apologize in advance):
What do we think the breakdown is for that 200k to 800k increase in terms of how much is attributable to:
- costs of production
- higher quality/nicer finishes on the hull
- better/more electronics
- better performing/more reliable power
- profits

I just don’t have the years of looking at boat prices to judge but I do find this interesting.

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